MILAN May 7 Italian online retailer Yoox
said on Wednesday it expected continued revenue and
profit growth this year as it reported a 14.6 percent rise in
net sales for the first quarter.
Yoox, which runs its own multibrand websites and powers
online shops for brands including Armani and Yves Saint Laurent
, said revenue reached 126.5 million euros ($176
million), broadly in line with analysts' expectations of around
127 million euros.
Net profit for the period was 0.9 million euros, 13.4
percent lower than the previous year.
"It is reasonable to expect that the Yoox Group will
continue to see growth in sales and profits in 2014. All of the
group's key markets and both business lines are expected to
contribute positively to this growth," the company said in a
Yoox also said it had renewed its partnership to power an
online store for fashion house DSquared2 for a further five
($1 = 0.7183 Euros)
(Reporting by Isla Binnie; editing by Francesca Landini)