Adolfo Dominguez reduces losses to 1.8 million euros | kbnmart

Adolfo Dominguez managed to reduce its losses to €1.8 million in the first financial quarter, from March to May, helped by a 10.45% increase in turnover, which exceeded €24 million – the highest level for this period since 2015.

In a statement sent to the National Securities Market Authority, the company indicated that after two consecutive financial years with a positive net result, it continues to improve its profitability. In the first quarter, earnings before interest, taxes, depreciation and amortization reached 2.1 million euros, five times what they were in the period 2023/2024.

Gross profit margin amounted to EUR 16 million, an increase of 9.6% compared to the same period last year, and represents 66.6% of sales.

Europe leads the brand’s growth, with sales up 16.7%. After almost 50 years in the European market and with 180 points of sale in seven countries, the company continues to expand its international presence, opening new stores in Greece, Luxembourg and Spain between March and May.

Operating expenses decreased by 2% to EUR 13.9 million in the reporting period.