Etam Group registers 6.2 percent rise in FY15 net sales

Over the full year to December 31, 2015, the Etam Group net sales amounted to 1,296.5 million euros (1,406.1 million dollars), including a positive currency effect of 60.7 million euros (65.8 million dollars). This represents an increase of 6.2 percent on a real basis or 1.6 percent like-for-like and at constant exchange rates compared to the full year of 2014.

In the fourth quarter of 2015, the Etam Group net sales amounted to 347.4 million euros (376.5 million dollars), representing 2.8 percent increase compared to the fourth quarter of 2014. Like-for-like and at constant exchange rates, net sales decreased by 0.5 percent.

Detailed Q4 and full year analysis

In the fourth quarter of 2015, net sales increased 4.5 percent or 1.7 percent like-for-like and at constant exchange rates. During the full year to December 31, 2015, sales came to 879.1 million euros (953.1 million dollars), up 4.9 percent or 2.9 percent like-for-like and at constant exchange rates.

In the fourth quarter of 2015, net sales totalled were down 0.7 percent. Like-for-like and at constant exchange rates, net sales fell by 7 percent. During the full year, net sales were up 9.1 percent. Like-for-like and at constant exchange rates, net sales decreased by 2.5 percent.

Retail expansion continues

At December 31, 2015, the Etam Group had 4,098 points of sales, including 945 in Europe, 2,877 in China and 276 international franchises. In 2015, the Group continued to expand its international network for its lingerie activities with openings in Mexico and Chile under the Etam brand, and in Saudi Arabia under the brand Undiz. It also resumed openings for 1.2.3 stores in France, in Switzerland and through partnerships in Chile, Colombia and Peru. In China, the network was reduced by 58 units.