YNAP announced its financial results

Mumbai: YOOX Net-a-Porter (YNAP) has disclosed its fourth quarter and full year sales. Its net sales during the year ending December 31, 2016 soared 17.7% on a like-for-like basis to € 1.87 billion. On a reported basis, the net sales however increased by 12.4% to £ 1.6 billion.

The sales in the fourth quarter zoomed 11.4% to £ 460 million. YNAP also recorded 28 million unique visitors last year against 26.7 million in 2015. The number of orders also increased by 18% to £ 8.4 million. Lifted by sales of the luxury brand flagship stores it operates and strength in the Asia Pacific region, the company’s revenue was up to £ 1.871 billion in 2016.

In the UK, full-year revenue rose 2.3% on a reported basis to € 269.9 million. During its fourth quarter, its net sales improved 19.2% on a like-for-like basis to € 538 million; however, the revenue from the region dropped 1.7% on a reported basis to € 78.2 million during the period.