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BRIEF-YNAP sees 2017 sales up 17-20 pct, in line with plan
February 7, 2017 / 5:43 PM / 10 months ago

BRIEF-YNAP sees 2017 sales up 17-20 pct, in line with plan

Feb 7 (Reuters) - Luxury online retailer Yoox Net-A-Porter Chief Financial and Corporate Officer Enrico Cavatorta tells an analyst call:

* sees net revenues in 2017 up 17-20 percent on organic basis, in line with the strategic plan guidance

* expects EBITDA margin to slightly increase in 2017, also in line with company’s plan

* sees free cash flow generation in line with plan, expects lower cash absorption in 2017 with respect to 2016 Further company coverage: (Reporting by Milan newsroom)

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