The gross margin of Adolfo Dominguez gets worse in the first half – Investing.com Spain

MADRID (Reuters) – The textile group Adolfo Dominguez (MC:) on Friday announced a new fall of margins, sales and ebitda in its first half fiscal (march to August), with a net loss of 12.5 million euros.

The gross result operating Ebitda showed a negative balance of 9.8 million compared to 8 million in the first half of 2015 and the gross margin on sales decreased by 5.6 points to 52 percent.

The group attributed this decline to increased discounts in the summer sales and the deterioration of the inventory from legacy campaigns.

Adolfo Dominguez had at the end of August with 519 stores and points of sale, 39 less than in August of the previous year.

In the stock market, the shares of Adolfo Domínguez listed the Friday with no changes to 3,44 euros. The company went public in 1997 at a price of 3,000 pesetas, about € 18.

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