Global Fashion Group GFG

[John Silver]

Zitat

Global Fashion Group S.A.

Rechtsform Société anonyme
ISIN LU2010095458
Gründung 2011
Sitz Senningerberg, Niederanven, 
Leitung Patrick Schmidt (co-CEO) Christoph Barchewitz (co-CEO) Cynthia Gordon (Chairman)[1]
Mitarbeiterzahl 9.500
Umsatz 1,16 Mrd. Euro (2018)
Branche Online-Handel mit Bekleidung
Website www.global-fashion-group.com

Geschichte
Die GFG beschäftigt rund 9.500 Mitarbeiter, davon sind ca. 40 Prozent im Fulfillment-Bereich tätig. Ein Teil der bestellten Ware wird durch die unternehmenseigene Flotte ausgeliefert, typischerweise zahlen die Kunden bar bei Lieferung. Die indische Tochter Jabong wurde 2016 für 70 Millionen US-Dollar an Myntra, eine Tochter des indischen eCommerce-Unternehmen Flipkart, verkauft.
Im April 2017 wurde Cynthia Gordon, ein Vorstandsmitglied von Kinnevik, zur neuen Aufsichtsratsvorsitzenden der GFG ernannt. Im Februar 2018 wurden Patrick Schmidt und Christoph Barchewitz gemeinsam die Nachfolger von GFG-CEO Romain Voog.
Am 2. Juli 2019 ging die Global Fashion Group an die Frankfurter Wertpapierbörse.

Geschäftszahlen
2015 stieg der Umsatz der GFG um 48 Prozent auf 930 Millionen Euro, wobei das Unternehmen einen operativen Verlust von 275 Millionen Euro erwirtschaftete. Bei einer Finanzierungsrunde 2015 erhielt die GFG 150 Millionen Euro, darunter 49 Millionen Euro von Rocket Internet. 2016 erhielt die GFG in einer weiteren Finanzierungsrunde 330 Millionen Euro. Im Geschäftsjahr 2017 erzielte die GFG einen Umsatz von 1,1 Milliarden Euro, ein Anstieg von über 20 Prozent im Vergleich zum Vorjahr. Der operative Verlust sank im gleichen Zeitraum von 131 Millionen Euro auf 98 Millionen Euro.
Im ersten Halbjahr 2018 steigerte GFG ihren Umsatz um 19,6 % auf 534,7 Millionen Euro. Der operative Verlust betrug 39 Millionen Euro.[17] Im gesamten Geschäftsjahr 2018 betrug der Umsatz der GFG 1,16 Milliarde Euro und der operative Verlust lag bei 202 Millionen Euro. Im Juni 2019 hatte das Unternehmen 11,5 Millionen aktive Kunden.
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https://de.wikipedia.org/wiki/Global_Fashion_Group

 

Global Fashion Group Investor Relations

https://ir.global-fashion-group.com/websites/globalfashion/English/1000/investor-relations.html

 

Die Finanzmeldungen aus diesem Jahr, chronologisch

Zitat

GLOBAL FASHION GROUP EXPECTS LOWER REVENUE AND EBITDA IN 2020 DUE TO COVID-19
03/31/2020
DGAP-Ad-hoc: Global Fashion Group expects lower revenue and EBITDA in 2020 due to COVID-19
...

 

https://ir.global-fashion-group.com/websites/globalfashion/English/1043/news.html?newsID=1935731

 

Zitat

GLOBAL FASHION GROUP EXPECTS POSITIVE ADJUSTED EBITDA AND STRONG CASH GENERATION IN Q2
07/09/2020
DGAP-Ad-hoc: GLOBAL FASHION GROUP EXPECTS POSITIVE ADJUSTED EBITDA AND STRONG CASH GENERATION IN Q2...
...

 

https://ir.global-fashion-group.com/websites/globalfashion/English/1043/news.html?newsID=1997585

 

Zitat

GLOBAL FASHION GROUP UPGRADES FULL YEAR 2020 OUTLOOK AFTER STRONG Q3 GROWTH AND PROFITABILITY
10/08/2020
DGAP-Ad-hoc: GLOBAL FASHION GROUP UPGRADES FULL YEAR 2020 OUTLOOK AFTER STRONG Q3 GROWTH AND PROFITABILITY
...

 

https://ir.global-fashion-group.com/websites/globalfashion/English/1043/news.html?newsID=2034475

 

Zitat

GLOBAL FASHION GROUP UPGRADES OUTLOOK FOR FULL YEAR 2020
11/11/2020
DGAP-Ad-hoc: GLOBAL FASHION GROUP UPGRADES OUTLOOK FOR FULL YEAR 2020
...

https://ir.global-fashion-group.com/websites/globalfashion/English/1043/news.html?newsID=2043224

 

Der Wert wurde in 2019 an die Börse gebracht und hat von dort bei etwa EUR 4,00 pro Stück eine ausgesprochen traurige Entwicklung bis zu seinem Tiefpunkt im März 2020 auf einen EUR 1,00 pro Stück gemacht. Als echter Krisengewinler hat GFG von dort aber eine fulminante Rallye bis auf über EUR 8,00 pro Stück hingelegt.

 

https://www.comdirect.de/inf/aktien/detail/uebersicht.html?ID_INSTRUMENT=158341818&SEARCH_REDIRECT=true&REDIRECT_TYPE=SYMBOL&REFERER=search.general&SEARCH_VALUE=GFG&ID_NOTATION=259553036

 

Hinweis: Ich bin aktuell (Stand heute 13.11.2020) stark in GFG investiert.

 

Hinweis II: Ich bin etwas überrascht, dass es zu diesem SDax Wert mit dieser starken Entwicklung keinen Thread zu gibt.

Falls ich den Thread übersehen habe, bitte diesen Beitrag bitte verschieben oder die Threads zusammenlegen. Danke.

 

 

[John Silver]

Zitat

Global Fashion Group S.A.: LAUNCHES CASH CAPITAL INCREASE TARGETING GROSS PROCEEDS OF EUR 120 MILLION
Global Fashion Group S.A. / Key word(s): Capital Increase
17-Nov-2020 / 17:48 CET/CEST

GLOBAL FASHION GROUP LAUNCHES CASH CAPITAL INCREASE TARGETING GROSS PROCEEDS OF EUR 120 MILLION

Luxembourg, November 17, 2020 - Global Fashion Group S.A. ("GFG" or the "Company", ISIN: LU2010095458, Frankfurt Stock Exchange: GFG) launches a capital increase against cash contributions.

Today, the management board of GFG, with approval of the supervisory board, resolved to pursue an increase of the share capital with exclusion of subscription rights through the issuance of new common shares in dematerialized form, each with a nominal value of EUR 0.01, against cash contributions, targeting total gross proceeds of approximately EUR 120 million (the "Capital Increase"). The number of newly issued shares and the placement price per new share will be determined on the basis of an accelerated bookbuilding. The new shares will carry full dividend rights for the financial year 2020.

The share placement will be launched with immediate effect, and the new shares will be solely offered to institutional investors.

The new shares shall be admitted to trading on the regulated market (regulierter Markt) without a prospectus and are expected to be included in the existing quotation for the Company's shares in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) on the Frankfurt Stock Exchange on or around November 18, 2020. Delivery of the new shares to investors is expected to occur on November 20, 2020.

Use of Proceeds

The Company intends to use the net proceeds from the Capital Increase to further accelerate the delivery of its mid-term growth strategy by additional investments in its customer value proposition, technology platform, delivery infrastructure, and for general corporate purposes. GFG plans to take advantage of the increased marketplace base, broader assortment and improved unit economics to accelerate fashion e-commerce adoption in its markets as well as to increase loyalty and shopping frequency with its customers.

As part of the transaction, the Company has agreed to a lock-up period of 180 days, subject to customary exceptions.
--Ends--

 

https://www.dgap.de/dgap/News/adhoc/global-fashion-group-launches-cash-capital-increase-targeting-gross-proceeds-eur-million/?newsID=1409238

[John Silver]

Zitat

Global Fashion Group S.A.: SUCCESSFULLY PLACES 16.5 MILLION NEW SHARES FROM CASH CAPITAL INCREASE WITH GROSS PROCEEDS OF EUR 120 MILLION

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17-Nov-2020 / 23:34 CET/CEST
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GLOBAL FASHION GROUP SUCCESSFULLY PLACES 16.5 MILLION NEW SHARES FROM CASH CAPITAL INCREASE WITH GROSS PROCEEDS OF EUR 120 MILLION
Luxembourg, November 17, 2020 - Global Fashion Group S.A. ("GFG" or the "Company", ISIN: LU2010095458, Frankfurt Stock Exchange: GFG) has decided to increase its current share capital by approximately 8.36%, from EUR 1,973,367.16 to EUR 2,138,367.16, through the partial utilisation of its authorized capital (the "Capital Increase"). Shareholders' subscription rights were excluded. The 16,500,000 new common shares in dematerialized form, each with a nominal value of EUR 0.01, have been placed with institutional investors at a placement price of EUR 7.30 per new share by way of an accelerated bookbuilding.

The new shares shall be admitted to trading on the regulated market (regulierter Markt) without a prospectus and are expected to be included in the existing quotation for the Company's shares in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) on the Frankfurt Stock Exchange on or around November 18, 2020 and carry full dividend rights for the financial year 2020. Delivery of the new shares to investors is expected to occur on November 20, 2020.

The Company receives gross proceeds amounting to EUR 120,450,000 from the Capital Increase. The net proceeds are intended to be used to further accelerate the delivery of the Company's mid-term growth strategy by additional investments in its customer value proposition, technology platform, delivery infrastructure, and for general corporate purposes. GFG plans to take advantage of the increased marketplace base, broader assortment and improved unit economics to accelerate fashion e-commerce adoption in its markets as well as to increase loyalty and shopping frequency with its customers.

As part of the transaction, the Company has agreed to a lock-up period of 180 days, subject to customary exceptions.
--Ends--

 

https://www.dgap.de/dgap/News/adhoc/global-fashion-group-successfully-places-million-new-shares-from-cash-capital-increase-with-gross-proceeds-eur-million/?newsID=1409260

 

[John Silver]

Zitat

dpa-AFX 25.06.2021 | 08:53
GLOBAL FASHION GROUP IM FOKUS: Nach Lockdowns kommt die Bewährungsprobe
LUXEMBURG (dpa-AFX) - Als Bekleidungshändler, der seine Ware online verkauft, zählt die Global Fashion Group (GFG) derzeit zu den Gewinnern der Pandemie. An der Börse zumindest ging es im vergangenen Corona-Jahr mit dem Papier steil aufwärts. Doch wie bei vielen Internet-Playern wirft das starke Wachstum unter dem Strich noch keine schwarzen Zahlen ab. Zur Lage des Unternehmens, was die Analysten sagen und was die Aktie macht:
DAS IST LOS BEI GFG:
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https://www.finanznachrichten.de/nachrichten-2021-06/53247071-global-fashion-group-im-fokus-nach-lockdowns-kommt-die-bewaehrungsprobe-016.htm

 

[John Silver]

Zitat

Corporate | 14 August 2025 08:00
Global Fashion Group S.A.
GLOBAL FASHION GROUP REPORTS Q2 2025 RESULTS

 

14.08.2025 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

Luxembourg, 14 August 2025 – Global Fashion Group S.A. (“GFG” or the “Group”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, today reported  an Adjusted EBITDA profitable second quarter, driven by stronger Gross Margins and cost control, with stable Group NMV and Revenue.
Q2 2025 Highlights (growth rates at constant currency)

Net Merchandise Value decrease of (0.4)% (Q2/24: (11.2)%)

Revenue decrease of (1.2)% (Q2/24: (11.7)%)

Marketplace NMV achieved 38.7% share of total NMV (Q2/24: 37.3%)

Gross Margin 47.7% (Q2/24: 44.9%)

Adj. EBITDA Margin 1.8% (Q2/24: (2.1)%)

Active Customers decrease of 2.5%, Order Frequency decrease of 1.4%

Pro-Forma Cash of €150.5m and Pro-Forma Net Cash of €97.2m1


Christoph Barchewitz, CEO of GFG, said:
“We have achieved positive Adjusted EBITDA for the Group in Q2, with improvement across all our regions in the half, driven by our ongoing cost savings initiatives and a strong topline recovery in two out of three regions. While Group NMV and Revenue have stabilised, robust growth in LATAM and ANZ, supported by positive customer momentum, has been partially offset by continued challenges in SEA. We remain focused on building sustainable growth and delivering value for our customers and brand partners in all regions.”

In Q2 2025, GFG continued to stabilise topline delivering €249 million of Net Merchandise Value (“NMV”), representing a (0.4)% decrease year-on-year (“yoy”) on a constant currency basis. NMV was supported by a 1.8% yoy increase in Average Order Value which was offset by a (2.1)% yoy decline in Orders. The rate of Active Customers decline continued to slow to (2.5)% yoy in Q2 as a result of improved customer retention.

GFG’s topline momentum was driven by ANZ and LATAM with GFG’s largest regions maintaining positive NMV growth for a third consecutive quarter. LATAM’s Q2 NMV increased 10.2% yoy, benefitting from double-digit growth in both Brazil and Colombia, while ANZ’s NMV increased 5.8% yoy, driven by high participation in campaign events, enhanced delivery offerings in key cities and the growing strength of the Marketplace offering. ANZ delivered a second quarter of customer growth with Active Customers increasing 4.3% yoy, exceeding 2 million Active Customers in Q2. In SEA, NMV declined by 22.5% as the business continued to prioritise profitability while refocusing its Fashion & Lifestyle assortment in a competitive market.

All regions delivered Gross Margin expansion and contributed to the Group achieving a record Gross Margin of 47.7% in Q2, increasing 2.9ppts yoy. This improvement was driven by stronger Retail Margins, resulting from lower discount rates and a fresher assortment, and higher Marketplace share. The combined impact of margin expansion and cost reduction initiatives drove a 3.9ppt yoy improvement in Adjusted EBITDA margin reaching 1.8% for Q2.

In the second quarter, Normalised Free Cash Flow (“NFCF”)2 was broadly breakeven at €(1) million driven by profitability improvements and reduced yoy capital expenditure. During the quarter GFG completed a €7 million bond buyback and ended the period with a strong Balance Sheet, with €151 million of Pro-Forma Cash and €97 million Pro-Forma Net Cash.

GFG reconfirms its full year guidance for 2025: NMV is expected in a range of (5)-5% yoy on a constant currency basis, implying €1.0-1.1 billion of NMV; Adjusted EBITDA is expected to be breakeven.
 

€m, unless stated otherwise    

Key Financial MetricsQ2 2024Q2 2025H1 2024H1 2025

NMV270.6249.2500.4475.5

     % Constant Currency Growth(11.2)%(0.4)%(13.4)%0.4%

Revenue178.4163.4326.5309.3

     % Constant Currency Growth(11.7)%(1.2)%(14.8)%(0.3)%

Gross Profit80.078.0145.1145.2

     % Margin of Revenue44.9%47.7%44.4%46.9%

EBIT(18.6)(9.6)(49.5)(32.5)

Adjusted EBITDA(3.7)3.0(20.3)(7.7)

    % Margin of Revenue(2.1)%1.8%(6.2)%(2.5)%

Key Cash MetricsQ2 2024Q2 2025H1 2024H1 2025

Pro-Forma Cash1316.6150.5316.6150.5

Pro-Forma Net Cash1144.497.2144.497.2

Normalised Free Cash Flow2(1.5)(1.4)(57.2)(61.9)

Cash Capital Expenditure9.23.215.66.3

Key Performance IndicatorsQ2 2024Q2 2025H1 2024H1 2025

Active Customers (m)7.67.47.67.4

     % Growth(16.1)%(2.5)%(16.1)%(2.5)%

Number of Orders (m)4.14.18.07.9

     % Growth(15.7)%(2.1)%(16.2)%(2.1)%

Order Frequency (x)2.42.32.42.3

     % Growth(4.1)%(1.4)%(4.1)%(1.4)%

Average Order Value (€)65.261.462.260.4

     % Constant Currency Growth5.3%1.8%3.4%2.6%

Note: All Group figures are presented excluding Argentina, which was classified as a discontinued operation during the year ended 31 December 2023 and Chile, which was classified as a discontinued operation in 2025 except for Pro-Forma Cash for which Chile balances remain within the Group following the closure of operations in Q1 2025.

Pro-Forma Cash is defined as cash & cash equivalents at the end of the period plus restricted cash and cash on deposits. Pro-Forma Net Cash is defined as Pro-Forma Cash excluding third-party borrowings and the nominal value of convertible bond liability.

Normalised Free Cash Flow (“NFCF”) represents operating cash flows excluding discontinued operations, exceptional items, changes in factoring principal, interest and tax on investment income and convertible bond interest.

FURTHER INFORMATION
KPI and financial definitions, including alternative performance measures are available in the 2024 Annual Financial Report.
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www.eqs-news.com/de/news/corporate/global-fashion-group-reports-q2-2025-results/89461915-6848-4fbb-8287-cd00aa9bc4f7_en