2016 a year of growth for the De Rigo Group

The Group’s 2016 financial statements closed with +2.6% growth and consolidated revenues of 413.6 million euros. Revenues for the Wholesale division increased by 2.9% to 237.8 million euros. The 2016 financial statements were affected by the acquisition of REM Eyewear and the Australian distributor, which led to the birth of De Rigo Australia. Revenues for the Retail division showed growth of 2.6% to 189.8 million euros. Ebitda for 2016 stood at 29.8 million euros at December 31, 2016. The De Rigo Group’s financial position was positive at 24.4 million euros, despite substantial investments in acquisitions, the opening of 13 outlets in Spain, and the technological updating of IT and logistics systems (for a total of 13 million euros). The Brexit effect weighed on the Group’s accounts, bringing the cost of contributions to the British pension fund to 11.7 million euros from 8.2 million in 2015.