Thursday , November 26 2020

Adolfo Domínguez reduces its losses by 43.5% in the first half



Adolfo Domínguez reported losses of EUR 2.8 million during its first financial semester (between March and August this year), which represents an improvement of 43.5% compared with the "red numbers" of 4.9 million euros. euro a year earlier, as reported by the textile company on Friday.

Editorial Beyond Gender by Adolfo Domínguez – Adolfo Domínguez

This result includes the extraordinary costs of the term associated with the brand merger process, which represents a cost of 1.1 million euros. The company has attributed the improvement of the half-year result to the repositioning of the brand (fewer stores, less total sales but more margins and more sales per store).

Adolfo Domínguez increased its comparable sales by 5.4% without taking into account openings, closures and reforms, while total sales amounted to EUR 52 million, 4.9% less.

The company's operating profit (Ebitda) was negative by 1.5 million euros, the best company for eight years, with an improvement of 51.9%. Since the change in management, in 2016-2017, EBITDA has improved by 8.3 million euros (85%).

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