Insight Report 3 minutes PremiumYoox Net-A-Porter Group (BIT: YNAP) FY16 Results: Solid Sales and Operating Margin Improvement Coresight Research March 2, 2017 Executive Summary Italian online fashion retailer YOOX Net-a-Porter Group reported net revenues of €1,871 million for FY16, up 12.4% year over year on a reported basis and up 17.7% at constant exchange rates. Revenues were slightly below the consensus estimate of €1,875 million. FY16 sales growth was driven by strong performance across all geographic regions, especially the Asia-Pacific region, where sales increased by 27.1% at constant exchange rates. UK sales increased by 15.3% year over year at constant exchange rates. YOOX Net-a-Porter provided FY17 revenue guidance of 17%–20% year-over-year growth. The company expects its EBITDA margin to improve slightly over FY16’s 8.3%. The company is also targeting FY17 capital expenditures of €160–€170 million. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Shoptalk Europe 2023 Wrap-Up: Exploring the Role of Key Technologies and Channels in the Future of Retail—Autonomous Stores, Generative AI, Retail Media and MoreThree Data Points We’re Watching This WeekUS Metaverse Fashion Market: Rapid Growth Ahead Despite Six Key ChallengesWeekly US and UK Store Openings and Closures Tracker 2024, Week 15: 99 Cents Only To Close All Stores