Luxury fashion group OTB has reported a 7.2 per cent growth in revenue to 1.9 billion euros (US$2 billion) for last year, with Asia Pacific as its best performer.
The group, whose portfolio includes Diesel, Jil Sander, Maison Margiela, Marni, Viktor&Rolf and Amiri, reported EBITDA of 348 million euros.
OTB reported a turnover improvement of 74 per cent in Asia. Meanwhile, the group’s business in Japan, accounting for 23 per cent of the sales, logged a 19.4 per cent growth last year.
“Our results match the objectives set by the Group strategic plan, whose main growth targets are the development of the direct channels and greater penetration of the Asian markets,” said Ubaldo Minelli, CEO of OTB Group.
The group opened 30 new stores in China during the year.
Sales of its two flagship brands, Diesel and Maison Margiela, were up 13.1 per cent and 23 per cent respectively.
As of December 31, the group had a network of 610 retail stores and 7000 employees worldwide.
Further reading, Hermes beats rivals with record sales growth and net profit
