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Adolfo Domínguez multiplies his annual profit by more than four and increases his sales to 126.7 million

It has just renewed its agreement with Puig, which will begin trading on May 3, for the marketing of its perfumes.

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Adolfo Domínguez multiplies his annual profit by more than four and increases his sales to 126.7 million

It has just renewed its agreement with Puig, which will begin trading on May 3, for the marketing of its perfumes

MADRID, 26 Abr. (EUROPA PRESS) -

Adolfo Domínguez recorded a net profit of 730,000 euros during its 2023-2024 fiscal year (between March 2023 and February 2024), which represents multiplying by more than four (365.1%) the profits of 157,000 euros recorded a year before. , as reported by the company to the National Securities Market Commission (CNMV).

During its last fiscal year, the firm achieved a turnover of 126.7 million euros, 10.9% more, which has led it to "consolidate its recovery and generate positive net profit for the second consecutive year," explained the firm. Author's fashion brand.

Specifically, the company has exceeded its pre-pandemic turnover and has generated 6.1 million euros more gross operating profit (Ebitda) with 30 fewer points of sale than in the 2019/20 fiscal year.

In this way, Ebitda stood at 17.4 million euros, 30.1% more than in the same period of the previous year.

The company's sales grew in all the countries in which it operates, with increases in Europe of 8.8%; in Mexico, 10.4%; in Japan, 12.7%, and in the other 17 countries in which it has a presence.

The company has intensified its international deployment in recent years, with its stores abroad representing 60% of the network, while detailing that the brand's online sales grew by 21.9%.

"Today we have a turnover of 11.8 million more than in 2019/20 with 30 fewer points of sale and we consolidate our recovery. We lay the foundations for our future growth without losing focus on efficiency. We continue to promote our international expansion, while modernizing and we optimize our processes," explained the CEO of Adolfo Domínguez, Antonio Puente.

Adolfo Domínguez has reinforced its expansion alongside leading groups in global retail such as Chalhoub Group, with whom it will open 16 stores by 2027 in the Middle East; Galeries Lafayette, with whom he has opened 3 new spaces in France in the last year; o Palacio de Hierro, the firm's main partner in Mexico and with whom it shares 92 points of sale in the country, 8 of them opened in the last year.

In addition, the brand has detailed that it has just renewed its agreement with Puig, which will begin trading on May 3, for the marketing of its perfumes.

Between March 2023 and February 2024, Adolfo Domínguez opened new stores in Spain (11), France (4), Portugal (3), Mexico (12), Japan (5) and other international markets (12).

Thus, 77% of the openings have taken place internationally, while highlighting that the group employs 1,007 professionals and has 360 points of sale in 24 countries.