Gino Rossi with PLN 3.3 mln Q3 loss

WSE-listed fashion retailer Gino Rossi recorded a consolidated net loss of PLN 3.32 million in Q3, compared to PLN 3.41 million loss a year earlier, the company said in its report. Operating loss amounted to PLN 4.18 million, up by 120.1 percent y/y, while EBITDA loss stood at PLN 1.6 million vs. PLN 0.32 million loss a year earlier. Consolidated sales revenues amounted to PLN 68.34 million in Q3 up by 7.3 percent y/y. “Sales growth is the consequence of our consistently implemented strategic activities throughout the group. The first is the focus on e-commerce development. Migrating customers online is seen both in Gino Rossi and Simple brands. According to our assumptions, the e-commerce channel for Simple will generate about 25 percent of our retail sales, while Gino Rossi online sales will reach 15 percent,” the company said in its report.