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. 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: US Consumer Tracker: A Potential Shift from Services to Retail?Generative AI Latest: GenAI Chatbots and Apps Are Ready for Prime TimeDay Three at NRF 2023: Retail’s Big Show—Quick Wins Are Key for 2023 Across Forecasting, Personalization and NFTsWeekly US and UK Store Openings and Closures Tracker 2023, Week 31: Primark Plans US Expansion
