Etam sales suffer in China, Europe posts positive growth

In the fourth quarter of 2016, the net sales at Etam Group amounted to 367.9 million euros (394 million dollars), including a negative currency effect of 5.1 million euros (5.4 million dollars) mainly due to the depreciation of the yuan against euro. Net sales increased by 5.9 percent compared to the fourth quarter of 2015. Like-for-like and at constant exchange rates, net sales increased by 5 percent.