Yoox Q3 net revenues up 30.2 percent

The Board of Directors of Yoox in its announcement regarding

consolidated interim financial statements for the nine months ended 30 September 2012 said that its multi-brand business line, which includes yoox.com, thecorner.com and shoescribe.com, posted consolidated net revenues of 186.3 million euros (237 million dollars), an increase of 22.2 percent compared with 152.4 million euros (194.5 million dollars) at 30 September 2011. While, consolidated net revenues stood at 266.1 million euros (338.8 million dollars) with over 30.2 percent compared with 204.4 million euros (260 million dollars), same period, last year.

The Group has recorded a monthly average of 12.3 million unique visitors, up from 9.4 million at 30 September 2011, and a number of orders of 1.7 million, up from 1.5 million in the first nine months of 2011. The average order value (AOV) rose significantly to 200 euros (255.3 dollars) (excluding VAT) compared with 174 euros (222 dollars) in the same period of the previous year. The number of active customers also increased markedly to 911 thousand at 30 September 2012 compared with 746 thousand at 30 September 2011.

In light of the positive performance of online retail and the results achieved by the Group in the first nine months of the year, the Group expects to continue to increase revenues and improve profitability in the fourth quarter. It is likely that a contribution to this result will come from both the multi-brand and mono-brand business lines and that the Group’s growth will be driven by the international markets, which represent an ever-increasing share of total net revenues. The Group will continue, in line with expectations, with its investment policy tied to both the development and consolidation of its multi-channel technology and the capacity expansion of the highly-automated operations and distribution platform in Bologna. Lastly, internal initiatives to improve efficiency and ensure tight cost control will also continue.