Antony Morato reports turnover growth in FY16

Antony Morato reported a 100 million euros (112 million dollars) turnover compared to 91 million euros (102 million dollars) of the previous year with an EBIDTA growth of 10.5 percent. The company has attributed this positive result to the consolidation of the wholesale distribution network, with its 2,500 multiband stores and expansion of the retail channel, whose turnover reached 23 percent of the total, compared to 18 percent in 2015, with 80 brand stores, 45 directly managed by the company.

In a statement, Raffaele Caldarelli, Brand President of Antony Morato, says, “We continue to strengthen distribution within our key markets. In 2017 we will be opening four new directional showrooms in Germany and France as well as adding to our growing retail network with the opening of 10 new stores in Italy, Spain, France and The Netherlands."

Antony Morato brand has also established its presence in 60 countries worldwide including Spain, Germany and France. “Going forward we will be expanding our reach into new markets, including Iran where we will be opening a flagship store in the early part of next year. Additionally, the consolidation of our brand image and identity will be the main focus going into 2017,” adds Raffaele.

Picture:Facebook/Antony Morato