Group sales rise 9.2% for the first nine months of 2016 at Links of London owner FF Group

FF Group, the parent company of Folli Follie and Links of London,  has reported global sales of €956 million for the first nine months of 2016, a 9.2% increase over the same period in 2015.

Watches and jewellery, which account for 72% of group turnover, saw sales rise by 9.4% to €687 million.

Earnings before investment, taxes, depreciation and amortisation (EbITDA) rose 9.8% to €192.3 million.

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Details of sales by region or a breakdown between watches, jewellery and other business lines were not disclosed.

“We continue to perform well in the markets we operate in despite a very volatile environment. In this respect, and despite the continuing challenges in the external environment (Brexit, terrorist attacks, etc.), all the business units continue to grow successfully and are demonstrating remarkable resilience,” said George Koutsolioutsos, CEO of the FF Group.

“As we have communicated since the beginning of 2016, we are heavily investing in the digital transformation of the Group in order to adapt to the new market and consumer requirements and in order to be ahead of our competitors in this arena.

“In this context, we are realigning our internal processes as well as organisational and operating model to complement this major transformational change.

“We are all excited about this development in the Group and we are certain that this will add more value to our employees, shareholders and customers over the years to come.”

Watches have become an important category for Links of London this year. The company opened its first standalone store dedicated entirely to watches on London’s Regent Street a year ago.





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