(CercleFinance.com) – Spartoo announces this evening that its objective of growth of 10% in its business volume for the 2022 and 2023 financial years is ‘obsolete’.
The company had previously communicated on a business volume growth target of more than 10% per year until 2024.
The company says the revision follows confirmation that consumption is faltering in the online fashion segment and that ‘many cyclical factors are adding up and impacting consumer sentiment, reducing overall sales momentum by most players in the sale of fashion items’
Spartoo also reaffirms the soundness of its financial structure with cash of 26 ME, a net debt position of -0.6 ME and gearing of -1.8% as of June 30, 2022.