ABOUT YOU: All-time High EBITDA and Free Cash Flow despite Targeted Investments in Customer Experience and Brand Awareness
- Profitability significantly improved in the third quarter with adjusted EBITDA [1] of EUR 19.8 million, driven by lower discount intensity and disciplined cost control
- Bottom line improved across all segments
- Positive free cash flow of EUR 93.1 million in the past quarter and EUR 60.4 million in the first nine months
- Revenue developed positively throughout the third quarter after a weak start due to unusually high temperatures with a revenue decline of 0.5% year-on-year to EUR 551.9 million – slightly positive growth dynamics of 0.6% to EUR 1,498.6 million in the first nine months
- Around 2 million orders placed during Black Weeks campaigns, reaching over 50 million social media users
- New exclusive collections co-created by supermodel Toni Garrn, creators Millane Friesen and Marie von Behrens, as well as designer Guido Maria Kretschmer
- Management Board expects to reach break-even at adjusted EBITDA level and to generate Group revenue growth around the lower end of the range of +1% to +11% year-on-year
Hamburg (January 11, 2024) – The ABOUT YOU Group, with one of the fastest-growing online fashion stores and, with SCAYLE, one of the most modern B2B divisions in Europe, remains focused on meeting its full-year guidance and closed another quarter above the adjusted operating break-even point. For the third quarter, the ABOUT YOU Group reports a significantly improved adjusted EBITDA of EUR 19.8 million with a 3.6% margin and a positive free cash flow of EUR 93.1 million.
“We thank our customers and colleagues for a successful November. We are proud to end the quarter with an all-time high adjusted operating profit in positive territory. To achieve our full-year guidance, we remain concentrated on efficiency measures, without neglecting targeted investments in our brand,” says Tarek Müller, Co-Founder and Co-CEO of ABOUT YOU. “Despite the slight year-on-year decline in revenue, we demonstrate our ability to significantly increase profitability. Ultimately, our teams are well-prepared to unlock accelerated growth once the market environment brightens.”
Read the entire press release here.
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Media Contact
Media Contact
Laila Helmy | Corporate Communications
presse@aboutyou.com
Sinah Brending | Financial Communications
sinah.brending@aboutyou.com
Investor Relations Contact
Frank Böhme | Investor Relations
frank.boehme@aboutyou.com
About ABOUT YOU Group
The ABOUT YOU Group (ABOUT YOU Holding SE and its fully consolidated subsidiaries) is an internationally active ecommerce group with two strategic business units: The online fashion store ABOUT YOU SE & Co. KG forms the Group’s
business-to-consumer business. With more than 45 million monthly active users, ABOUT YOU is one of Europe's largest online retailers for fashion and lifestyle and the leading provider of a personalized shopping experience on the smartphone. In the multi-award-winning ABOUT YOU app and on aboutyou.com, customers find versatile inspiration and an assortment of over 600,000 items from around 3,800 brands. The Group's business-to-business activities are largely operated by SCAYLE GmbH. SCAYLE offers a modern, cloud-based enterprise shop system that enables brands and retailers to scale their digital business quickly and flexibly as well as to adapt to increasing customer needs. Over 140 online stores are powered by SCAYLE's technology. Leading brands and retailers such as DEICHMANN, FC Bayern, Fielmann, DEPOT, or Marc O'Polo choose the SCAYLE Commerce technology as a license model.
For further information, please visit: corporate.aboutyou.de/en.