FF Group, a global fashion accessories business that owns brands including Folli Follie and Links of London announced that its revenue for H1 2016 reached €652.7 million, a rise of 9.8 percent compared to the same period last year.
Improved performance on all business segments of the group resulted in an increase in operating profits to €131.5 million compared to €113.2 million in the same period last year, an increase of 16.2 percent. EBITDA reached €148.8 million, increased by 16.1 percent. Net profits after tax and minority rights are reported at €97.4 million.
Revenue from the group’s jewellery, watches and accessories segment increased by 10.3 percent to €482.5 million, which accounted for 73.9 percent of the group’s total revenue.
George Koutsolioutsos, CEO of the group remarked: “Year 2016 is evolving positively for our group. Despite the continuing challenges in the external environment (Brexit, terrorist attacks, etc.), the business units are still growing successfully while they are demonstrating remarkable resilience. In this context, the group is implementing its strategic plan and the digital transformation in order to meet the current needs of the global retail as well as the new consumer who is informed and is wavering between physical and online stores.”
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