Insight ReportESPRIT (330 HK) FY16 RESULTS: TURNAROUND HELPED BY COST REDUCTIONS Coresight Research September 21, 2016 Executive Summary Esprit announced a net profit of HK$21 million for FY16, a turnaround from the net loss of HK$3.7 billion reported in FY15, due to productivity gains in its retail operations and cost reductions. Improved profitability in FY16 indicated that execution of the group’s strategic plan to develop vertical and omni-channel models is on track. By region, Germany registered positive growth in retail sales, while Asia Pacific remained challenging. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly UK Store Openings and Closures Tracker 2025, Week 33: River Island Confirms Store Closures; Claire’s UK Files for AdministrationJanuary 2025 US Retail Sales Outlook: Projecting Mid-Single-Digit Growth for the Start of 2025US Department Stores—Real Estate Insights: The Strategic Real Estate Reset from Flagships to Footprint4Q24 Earnings Season Wrap-Up: Which Companies Missed, Beat and Fell in Line with Expectations?—Infographic
