Insight Report 3 minutes PremiumESPRIT (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 US and UK Store Openings and Closures Tracker 2024, Week 12: Burlington Stores To Open 140 US StoresHealth Check: Quantifying the Physical and Mental Health of the US ConsumerAugust 2023 Monthly Consumer Update: US, UK and ChinaWeekly US and UK Store Openings and Closures Tracker 2024, Week 27: Walgreens Boots Alliance and Bob’s Stores To Close Stores in the US
