Yoox Net-a-Porter Group beats expectations and seeks further synergies in 2016

Things couldn´t be better for Yoox and Net-a-Porter after their merged back to October,5. Following the merger, the newly formed Yoox Net-a-Porter Group has reported that its sales grew nearly 31 percent over the course of 2015.

The pro-forma results have taken the market by surprise, as the sales jump has been higher than expected.

At constant currencies, pro-forma sales were up 21 percent to 1.7 billion euros, above an average Thomson Reuters analyst consensus forecast of 1.6 billion euros.

The merger left a re-organised company, now divided into three business units: In-season (Net-a-Porter, Mr. Porter, Porter magazine, The Corner, Shoescribe), which generated 893.3 million euros in sales during the year; off-season (The Outnet, Yoox) which grew by 26.1 percent to 596.4 million euros; and online flagship stores (Yoox) that saw revenue rose by 19.2 percent during the year.

From a regional point of view, the company reported that sales in Italy (Yoox's home country) and the UK (Net-a-Porter's) where the most benefited from the cross-selling.