Fashion B. Air: Mixed half-year results

The ready-to-wear company Fashion B. Air has published its activity report for the period from April 1 to September 30, 2023. During this half-year, the company recorded a net turnover of 1.77 million euros, a significant decrease compared to 4.26 million euros in the previous financial year.

Equity stood at EUR 5.73 million, down from EUR 6.66 million as of March 31, 2023. Operating income showed a loss of EUR 905,538, an improvement compared to the loss of EUR 2.42 million for the previous year.

The financial result shows a loss of 21,242 euros compared to a profit of 802,774 euros the previous year. The company's cash level is worrying, with only 80,160 euros available as of September 30, 2023, compared to 347,078 euros six months earlier.

FASHION B. AIR has taken corrective actions, including store closures, and is focused on improving its performance for year-end 2023 and early 2024.