Etam Q3 net sales decline 4.4 percent

In the third quarter of 2016, the Etam Group net sales amounted to 290.5 million euros (315.9 million dollars), a decrease of 4.4 percent, included a negative currency effect of 4.9 million euros (5.3 million dollars), which the company said was mainly due to the depreciation of the yuan against euro. Net sales decreased by 6 percent on like-for-like and at constant exchange rates.