EPRICE S.p.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 07, 2017
Share
ePRICE S.p.A. reported consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues of EUR 41.9 million compared to EUR 43.5 million a year ago.
For the nine months, the company reported total revenues of EUR 133,173,000 compared to EUR 127,199,000 a year ago. Adjusted LBITDA was EUR 10,047,000 compared to EUR 6,930,000 a year ago. The change is mainly attributable to the growth of 23% in sales and marketing costs and, to a lesser extent, the increase of 10% in logistics costs. LBITDA was EUR 11,085,000 compared to EUR 7,587,000 a year ago. LBIT was EUR 16,160,000 compared to EUR 10,473,000 a year ago. Loss before tax from continuing operations was EUR 16,501,000 compared to EUR 10,955,000 a year ago. Net loss was EUR 15,823,000 compared to profit of EUR 2,956,000 a year ago. Revenue was EUR 136,234,000 compared to EUR 132,263,000 a year ago. Net cash flow used in operations was EUR 24,343,000 compared to EUR 19,798,000 a year ago. Acquisition of tangible assets was EUR 4,982,000 compared to EUR 1,162,000 a year ago. Acquisition of intangible assets was EUR 5,462,000 compared to EUR 4,645,000 a year ago.
EPH SpA, formerly ePRICE SpA, is an Italy-based company engaged in the online retail industry. The Company is an e-commerce operator focused primarily on Tech&Appliances in the domestic market. The E-Commerce segment operates through two websites, including www.eprice.it, which focuses on selling household and electronic appliances for houses, as well as home and family products, such as refrigerators, dishwasher machines, dryers, washing machines, microwaves, coffee machines, housewares, toys, video games, and furniture, among others. The other out of two websites, which is www.saldiprivati.com, is focused on offering clothes, articles for home and wines, among others. The Company operates globally.