Adolfo Domínguez has narrowed its losses to 1.8 million euros in the first quarter

By

EFE

Translated by

Roberta HERRERA

Published



Jul 19, 2024

Adolfo Domínguez has reduced its losses to 1.8 million euros in its first fiscal quarter, spanning March to May, aided by a 10.45% increase in business volume, which exceeded 24 million euros—the highest for this interval since 2015.

Adolfo Dominguez has narrowed its losses to 18 million euros
Interior of the Spanish company’s new store in the One Nation Paris outlet mall – Adolfo Domínguez

In a statement sent to the National Securities Market Commission (CNMV), the company noted that after two consecutive fiscal years with a positive net result, it continues to improve its profitability. In the first quarter, EBITDA reached 2.1 million euros, five times higher than in the 2023/24 period.

The gross margin stood at 16 million euros, up 9.6% from the same period last year, and represents 66.6% of sales.

Europe leads the brand’s growth, with a 16.7% increase in sales. After nearly 50 years in the European market and with 180 sales points across seven countries, the company continues to expand its international presence, opening new stores in Greece, Luxembourg, and Spain between March and May.

Operating expenses were reduced by 2% to 13.9 million euros in the reviewed period.

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