Fashion Retailer Folli Follie Announced Revenue Growth In Fiscal 2016

2016, Greece's comprehensive fashion retailer.

SA's revenue was recorded at 1 billion 337 million 300 thousand euros, up 12.1% from the 1 billion 193 million euros in the 2015 fiscal year, including 977 million 800 thousand euros in watches and jewellery accessories business, up 14.1% from the 857 million euro in 2015, accounting for 73.1%. The business income of general merchandise business was 181 million 400 thousand euros, an increase of 5.9%% compared with the 171 million 400 thousand Euro euro in 2015, accounting for more than that. The retail and wholesale business income was Euro eared, compared with the euro in 2015.

Folli Follie SA CEO George Koutsolioutsos said in the earnings report that the past year was a record year for the group. All businesses were positive. At the same time, the group continued to enter the new market and digitally invested in the new retail environment to adapt to the new trend. The Group expects that the current fiscal year will continue to be positive.

The Koutsolioutsos family is currently a major shareholder of Folli Follie SA, holding 39%. The chairman of the group is George Koutsolioutsos Koutsolioutsos's father Koutsolioutsos Koutsolioutsos, and the latter is also the founder of the group. China's Fosun International (0656.HK) is the second largest shareholder of the group, holding 13.9%, and three shareholders Fidelity Investments, SA.

2016 fiscal year,

SA recorded a net profit of 222 million 500 thousand pounds, an increase of 21.8% compared with 182 million 600 thousand euros in 2015 and a profit margin of 262 million 300 thousand euros, an increase of 9.9% over the 238 million 500 thousand euros in 2015, with a gross profit of 612 million 300 thousand euros, a 5.3% increase over the 581 million 200 thousand euros in 2015.

In addition to the core brand Folli Follie and the London jewellery brand Links of London purchased in 2006, the group also owns Factory Outlet and Attica department store business, and is also part of the sales of many international brand regional markets.

The group currently has 5000 employees and more than 950 sales outlets worldwide.

Attica department store business, there are many more.

Sales in the regional market.

The group currently has 5000 employees and more than 950 sales outlets worldwide.

According to the think-tank of the Greek economic and industrial research foundation in Athens, the Greek economy will grow moderately this year and the consumption scale will increase by 1%.

Since 2014, the share price of Folli Follie has risen 26%, far beyond the performance of the Athens stock exchange index, which only kept its level.

For more information, please pay attention to the world clothing shoe and hat net information report.