According to a report by Business Insider Italia, Dolce & Gabbana closed the last financial year ending March 31, 2017, with a turnover rise of 9 percent over the previous year to 1.296 billion euros (1.53 billion dollars).
The company founded by Domenico Dolce and Stefano Gabbana posted a net profit of 80 million euros (94 million dollars), almost four times higher than 17.93 million euros (21.14 million dollars) reported by the company last year. EBITDA stood at 168 million euros (198 million dollars) for the year under review.
Dolce & Gabbana reports sales growth across geographies
In geographical terms, Italy, which represents 24 percent of the total sales compared to 27 percent in the rest of Europe, witnessed robust sales growth. The Americas contributes 13 percent to the total sales, while rest 6 percent is contributed by Japan.
In terms of the retail distribution channel, wholesale increased 8.7 percent, while retail saw a 7.1 percent sales rise to 769 million euros (906 million dollars). Licensing revenues, however, declined 9.2 percent to 61.2 million euros (72 million dollars).
For the upcoming holiday season, Dolce & Gabbana has partnered with London-based luxury department store Harrods to launch exclusive products. The company will also organise in-store promotions from November 2 to December 28, 2017.
D&G Srl, the parent company reaped a dividend of 56.7 million euros (66.9 million dollars). The company’s shareholders, who met on July 28, 2017, allocated the full amount of profits to extraordinary reserves, the report adds.
Picture:Dolce & Gabbana website