ynap.com is now live! Get to know the newly formed YOOX NET-A-PORTER GROUP

Income statement

 

Annual data

Consolidated Profit & Loss (€m) 2009 2010 2011 2012 2013 2014
Net Revenues 152.2 214.3 291.2 375.9 455.6 524.3
% growth   40.8% 35.9% 29.1% 21.2% 15.1%
Cost of goods sold (91.8) (129.9) (183.0) (238.5) (284.8) (336.8)
% of Net Revenues   60.6% 62.9% 63.4% 62.5% 64.2%
Gross profit1 60.3 84.4 108.2 137.4 170.8 187.5
% of Net Revenues   39.4% 37.1% 36.6% 37.5% 35.8%
Fulfillment costs (15.5) (21.5) (29.6) (32.7) (37.9) (42.3)
Sales & Marketing costs (16.7) (24.7) (31.5) (42.1) (50.5) (56.6)
Ebitda pre corporate costs2 (28.0) 38.2 47.0 62.6 82.4 88.7
% of Net Revenues 0.0% 17.8% 16.2% 16.7% 18.1% 16.9%
General & administrative expenses (12.1) (18.9) (22.6) (29.1) (36.5) (37.4)
Other Income / (Expenses) (958) (0.5) (0.4) (1.4) (2.9) (2.5)
EBITDA3 14.9 18.8 24.1 32.1 43.1 48.8
% of  consolidated Net Revenues 0.0% 8.8% 8.3% 8.5% 9.5% 9.3%
Depreciation & Amortisation (2.1) (3.7) (7.7) (13.2) (19.2) (25.6)
Non – recurring items           -
Operating Profit 8.8 15.0 16.4 18.9 23.9 23.3
% of  consolidatd net Revenues 0.0% 7.0% 5.6% 5.0% 5.2% 4.4%
Income / (Loss) From Investment In Associates   - - (0.4) (0.6) (0.7)
Net Financial Income / (Expenses)   (0.1) 0.0 (2.0) (3.1) 0.1
Profit before tax 7.3 14.9 16.5 16.6 20.2 22.6
% of Net Revenues 0.0% 7.0% 5.6% 4.4% 4.4% 4.3%
Taxes   (5.8) (6.4) (6.4) (7.5) (8.8)
Consolidated net income   9.1 10.0 10.2 12.6 13.8
% of  consolidated net Revenues 0.0% 4.3% 3.4% 2.7% 2.8% 2.6%
EBITDA Excluding Incentive Plan Costs4   22.5 28.2 36.7 46.8 50.1
% of Net Revenues 0.0% 10.5% 9.7% 9.8% 10.3% 9.5%
Net Income Excluding Incentive Plan Costs5   12.0 13.2 13.7 15.4 14.7
% of Net Revenues 0.0% 5.6% 4.5% 3.6% 3.4% 2.8%

 

Note

1 – Gross profit is earnings before fulfillment costs, sales and marketing costs, general and administrative expenses, other operating income and expenses, depreciation and amortisation, non-recurring expenses, income/loss from investment in associates, financial income and expenses and income taxes. Since gross profit is not recognised as an accounting measure under Italian GAAP or the IFRS endorsed by the European Union, its calculation might not be standard, and the measurement criterion adopted by the Group might not be consistent with that adopted by other groups. Accordingly, the resulting figures may not be comparable.

2 – EBITDA Pre Corporate Costs (or Operating Profit by business line) is defined as earnings before general and administrative expenses, other income and expenses, depreciation and amortisation, non-recurring expenses, income/loss from investment in associates, financial income and expenses and income taxes. Since EBITDA Pre Corporate Costs is not recognised as an accounting measure under Italian GAAP or the IFRS endorsed by the European Union, its calculation might not be standard, and the measurement criterion adopted by the Group might not be consistent with that used by other groups. Accordingly, the resulting figures may not be comparable. EBITDA Pre Corporate Costs corresponds to the operating profit by business line reported in the Group’s consolidated financial statements.

3 – EBITDA is earnings before depreciation and amortisation, non-recurring expenses, income/loss from investment in associates, financial income and expenses and income taxes. Since EBITDA is not recognised as an accounting measure under Italian GAAP or the IFRS endorsed by the European Union, its calculation might not be standard. Group management uses EBITDA to monitor and measure the Group’s performance. The management believes that EBITDA is an important indicator of operating performance in that it is not affected by the various criteria used to calculate taxes, the amount and characteristics of invested capital and the related amortisation and depreciation methods. The criterion used by the Group to calculate EBITDA might not be consistent with that adopted by other groups. Accordingly, the resulting figures may not be comparable between groups.

4 – EBITDA Excluding Incentive Plan Costs is defined as EBITDA before the costs associated with Stock Option Plans and Company Incentive Plans, as described in the Group’s consolidated financial statements

5 – Net income Excluding Incentive Plans Costs is defined as the consolidated Net income of the period before the non-cash costs associated with Stock Option Plans and Company Incentive Plans and their related tax effects.

Latest data

Consolidated Profit & Loss (thousands of Euro) Q3 2014 Q3 2013
Consolidated net revenues

128,278

111,835

Cost of goods sold

(85,091)

(72,493)

Gross profit1

43,187

39,342

% of consolidated net revenues 33.7%

35.2%

Fulfillment costs

(11,413)

(9,446)

Sales and marketing costs

(13,061)

(12,782)

EBITDA Pre Corporate Costs2

18,714

17,114

% of consolidated net revenues 14.6%

15.3%

General expenses

(9,065)

(8,452)

Other income and expenses

(377)

(732)

EBITDA3

9,272

7,930

% of consolidated net revenues 7.2%

7.1%

Depreciation and amortisation

(6,229)

(4,661)

Operating profit

3,043

3,269

% of consolidated net revenues 2.4%

2.9%

Result of equity investments

(82)

(168)

Financial income

1,752

201

Financial expenses

(1,360)

(1,165)

Profit before tax

3,353

2,138

% of consolidated net revenues 2.6%

1.9%

Taxes

(1,336)

(816)

Consolidated net income for the period

2,017

1,321

% of consolidated net revenues 1.6%

1.2%

     
EBITDA excluding incentive plan costs4

9,383

8,810

% of consolidated net revenues 7.3%

7.9%

     
Net income excluding incentive plan costs5

2,102

1,994

% of consolidated net revenues 1.6%

1.8%

 

Note 

1 – Gross profit is earnings before fulfillment costs, sales and marketing costs, general and administrative expenses, other operating income and expenses, depreciation and amortisation, non-recurring expenses, income/loss from investment in associates, financial income and expenses and income taxes. Since gross profit is not recognised as an accounting measure under Italian GAAP or the IFRS endorsed by the European Union, its calculation might not be standard, and the measurement criterion adopted by the Group might not be consistent with that adopted by other groups. Accordingly, the resulting figures may not be comparable.

2 – EBITDA Pre Corporate Costs (or Operating Profit by business line) is defined as earnings before general and administrative expenses, other income and expenses, depreciation and amortisation, non-recurring expenses, income/loss from investment in associates, financial income and expenses and income taxes. Since EBITDA Pre Corporate Costs is not recognised as an accounting measure under Italian GAAP or the IFRS endorsed by the European Union, its calculation might not be standard, and the measurement criterion adopted by the Group might not be consistent with that used by other groups. Accordingly, the resulting figures may not be comparable. EBITDA Pre Corporate Costs corresponds to the operating profit by business line reported in the Group’s Consolidated Interim Financial Statements.

3 – EBITDA is earnings before depreciation and amortisation, non-recurring expenses, income/loss from investment in associates, financial income and expenses and income taxes. Since EBITDA is not recognised as an accounting measure under Italian GAAP or the IFRS endorsed by the European Union, its calculation might not be standard. Group management uses EBITDA to monitor and measure the Group‟s performance. The management believes that EBITDA is an important indicator of operating performance in that it is not affected by the various criteria used to calculate taxes, the amount and characteristics of invested capital and the related amortisation and depreciation methods. The criterion used by the Group to calculate EBITDA might not be consistent with that adopted by other groups. Accordingly, the resulting figures may not be comparable between groups.

4 – EBITDA Excluding Incentive Plan Costs is defined as EBITDA before the costs associated with Stock Option Plans and Company Incentive Plans, as described in the Group’s Consolidated Interim Financial Statements.

5 – Net income Excluding Incentive Plans Costs is defined as the consolidated Net income of the period before the non-cash costs associated with Stock Option Plans and Company Incentive Plans and their related tax effects.