YNAP, The Biggest Luxury Electric Provider, Said It Had Little Impact On Europe.

Yoox founder, YooxNet-A-Porter GroupSpA CEO Federicomarchetti

YooxNet-a-PorterGroupSpA (YNAP.MI) is expected to have its own five year plan.

The expansion of watches and jewellery and the expansion of new markets can withstand the depression of the global luxury industry, pushing the world's largest.

In the medium term, the electricity supplier will achieve annual 17%-20% revenue growth, and win the analyst's annual growth expectation of 15% of personal luxury online sales.

YooxNet-a-Porter GroupSpA also said that although Britain has decided to break away from the EU, the group will continue to devote its efforts to the source of Net-a-Porter, Britain.

YooxNet-a-PorterGroupSpA the capital market day of this fiscal year is held in London today.

The group points out that even if the European Group continues to expand its headquarters and team in London, it is expected that more than a hundred new employees will be recruited.

"We believe in this market and we continue to grow here," chief executive Federico Marchetti told reporters.

The group's coverage of the global market gives us a strong business model.

As for the recent sharp depreciation of the pound, YooxNet-a-Porter Group SpA believes that this has little impact on the current 2016 fiscal year and subsequent years, as there is a good balance between revenue and expenditure of the group.

However, YooxNet-a-Porter Group SpA, a group headquartered in Italy, will face new barriers to import tariffs in the UK after its departure from Europe. The group's chief financial officer, Enrico Cavatorta, estimates that tariffs will occupy 10%. of sales costs by 2020.

The group's expectations for the next five years have taken into account the existing factors such as the slowdown in the UK and the luxury sector. It is estimated that the group's revenue will increase by more than 145% euros to 4 billion 100 million euros in the 2020 fiscal year after the exchange rate is cut off, and the expected lower limit will also be 3 billion 700 million euros. The adjusted core profit margin will also increase from 8% last year to 11%-13%.

However, data showed that the growth of YooxNet-A-Porter Group SpA slowed significantly in the first quarter. The growth rate of all major markets except North America dropped from 20%+ in the fourth quarter of last year to 10%+, resulting in the overall revenue growth of the fixed exchange rate group slowed to 14.5% from four quarter 19.2%.

Speed reduction is mainly reflected in the global economic turbulence environment, high-end consumers are increasingly reluctant to pay the full price for luxury goods. During the period, the growth of multi brand channel and online flagship store declined sharply during the period.

The group appease investors in mid May, saying growth has accelerated in 4 and May, and the annual revenue target remains unchanged.

YooxNet-a-Porter GroupSpA (YNAP.MI) surged 6% in early trading on Wednesday, and fell more than 3% in intraday trading, which was 20.75 euros a day, up 3.23%.

FedericoMarchetti said that the slowdown in China did not lead to slowing sales of local luxury goods. He pointed out that luxury e-commerce in China is still a very young market compared with luxury retail. Therefore, the group will deepen its expansion in China and other Asian regions, and has planned to launch its business in the Middle East in 2018.

In April of this year, Alabbar EnterprisesLLC, an international brand franchisee in Dubai, bought YooxNet-a-PorterGroupSpA4.0% shares.

At present, mobile business accounts for only 41% of the group's total. The Group expects to increase its share to 75% by investing in mobile technology.

In terms of products, Federico Marchetti believes that the Chanel Chanel jewelry series located in Net-a-Porter guerrilla store has successfully tested the online purchasing power of high-end customers on high priced jewelry watch products for the group. Since then, Tiffany&Co. (NYSE:TIF) Tiffany and Pomellato have been stationed in Net-a-Porter, so the Group expects that the new hard luxury category of the quarter business will be able to sell 100 million euros in 2020.

By then, private brands will contribute 10% of the revenue to the business.

At present, the Outnet of the over season business already has its own brand Iris&Ink. The same brand of MrPorter MrP will be on the shelves in 2017, while Yoox's private brand has not yet released details.

Net-a-Porter and MrPorter comprise 54% of the group's revenue, including 36% of Yoox and Outnet, and 10% of online flagship stores for Armani and Valentino luxury brands and KeringSA (KER.PA) Kai Yun group.

The relationship between YooxNet-a-Porter Group SpA and high-end customers and luxury brands also let Federico Marchetti not put the global business tycoon Amazon.comInc. (NASDAQ:AMZN), which is vigorously developing the fashion business, in the eye. He said: "our high-end online luxury positioning is unique."

The group now has a market share of 10% and is expected to increase to 11%-12% in 2020.