FF Group reports revenue jump despite “volatile” markets”
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FF Group – owner of Links of London and Folli Follie – has posted revenues of €956.2m (£814m) in the first nine months of the year, despite “volatile” markets.
The posted revenues were a 9.2% increase on the same period last year when the company reported revenue €875.5m. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached €192.3m (£163m), up 9.8% on the previous year.
FF Group said all three of its business segments demonstrated “strong” operating performance, with revenue from its jewellery, watches and accessories division increasing by 9.4% to €687.1m (£585m).
George Koutsolioutsos, CEO, said: “We continue to perform well in the markets we operate in despite a very volatile environment.
“In this respect, and despite the continuing challenges in the external environment – [including] Brexit and terrorist attacks – all the business units continue to grow successfully and are demonstrating remarkable resilience.”
The company stated it has been investing “heavily” in its digital transformation since the start of the year, in a bid to adapt to the “new market and consumer requirements”.
