Global Fashion Group Reports Q4 and FY 2024 Results

Global Fashion Group S.A. (GFG) released its Q4 and full-year 2024 financial results. The company saw a gradual improvement in topline performance, with a decrease in Net Merchandise Value (NMV) by 0.3% year-on-year. Revenue declined by 1.2%, with a robust Gross Margin of 45.6% and an Adjusted EBITDA Margin of 3.8%. However, active customers dropped by 9.2%, and order frequency fell by 3.3%.

LATAM and ANZ regions showed growth in Q4, with LATAM NMV up by 2.4% and ANZ by 9.4%. In contrast, SEA faced a 20.3% decrease due to intense competition. GFG ended 2024 with a strong cash position of €222 million Pro-Forma Cash and €164 million Pro-Forma Net Cash.

The company's focus for 2025 includes maintaining momentum in LATAM and ANZ while addressing SEA’s decline. GFG aims for NMV growth between -5% to 5% and seeks to achieve Adjusted EBITDA breakeven.