“Luxurious shouldn’t be the other of poverty however of vulgarity” Coco Chanel as soon as stated and as it may be seen at residence, we firmly consider it.
Within the midst of a deep inflationary disaster, Chanel merchandise bought out within the home market, as demonstrated by the monetary figures of Linea Piu, which for a lot of many years has been the unique industrial accomplice of the main French home in Greece.
Greater than doubling of turnover and 220% enhance in earnings for Linea Piu
In accordance to what’s talked about within the monetary report of Linea Piu, the corporate of the Kasnakidis household, gross sales in 2023 elevated by 136.83% in comparison with the earlier 12 months.
An necessary function was performed by the truth that final 12 months the corporate, with the intention of maximizing its gross sales, moved its fundamental actions from Sekeri Road to a location with larger industrial potential, specifically to a brand new retailer at 13 Voukourestiou Road, proper subsequent to its boutiques Louis Vuitton and Prada and reverse that of Dior.
As well as, a brand new retailer was opened on the island of Mykonos, in Nammos Village, the well-known purchasing idea on the seaside of Psaros.
Specifically, the turnover amounted to 27.87 million euros, when in 2022 it had fluctuated round 11.77 million euros.
The gross consequence amounted to 14.78 million euros, elevated by 121.48% in comparison with 2022, whereas the rise in earnings was even larger.
EBITDA elevated by 204.86% and exceeded 10.65 million euros, whereas web earnings after taxes elevated by 220.39% and hovered round 8.1 million euros.
Prospects
Linea Piu’s aim is to additional develop by getting into into new branded unique distribution partnerships.
With regard to the projected path for this 12 months, “the administration repeatedly evaluates any new factor that might have an effect on the corporate’s exercise and plans actions to optimize efficiency and protect its monetary place on the premise of the ensuing information ”, it refers back to the monetary statements.
Supply: ot.gr
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