MADRID, 13 Jul. (EUROPA PRESS) -

Adolfo Domínguez registered net losses of 3.51 million euros in his first fiscal quarter (March-May 2023), compared to the negative result of 2.18 million euros in the same period last year, as reported by the firm on Thursday. designer fashion to the National Securities Market Commission (CNMV).

The group's sales grew by 13.5% between March and May, reaching 21.8 million euros, while the company's gross operating result (Ebitda) decreased to 400,000 euros, in relation to that registered in its first fiscal quarter of 2022, which stood at 900,000 euros.

The group's sales grew in its first fiscal quarter in all the markets in which it has a presence. In Europe, with 167 points of sale in four countries, turnover increased by 6.1%, while internationally, in general, sales grew by 32.2% until May.

Adolfo Domínguez explained that in the first three months of the year, the company reinforced its investment compared to 2021 with the consolidation of projects to optimize its logistics operations, digitization and the launch of new platforms for greater interaction with its portfolio. Of customers.

"After reaching the path of profitability, the company has laid the foundations for sustainable growth, while committing to internationalization and innovation as the main levers to drive the firm into the future", according to Adolfo's CEO. Dominguez, Antonio Puente.

Adolfo Domínguez has highlighted that 58% of his establishments are located outside of Spain and has stressed that between March and May he opened one store per week, 70% of them outside of Spain, at the same time that he expanded his presence in Japan, the Middle Middle and Latin America.

Likewise, the designer fashion firm has recalled that the alliance with Chalhoub Goup, the largest luxury distributor in the Middle East, will allow Adolfo Domínguez to open 16 new establishments in the area in the next four years.