About You, a leading European e-commerce company, has reported a 2.2 per cent year-on-year (YoY) revenue growth to €518.3 million (approximately $561.18 million) in the first quarter of fiscal 2025 (Q1 FY25), surpassing the industry average and contributing to an increase in the adjusted EBITDA margin to 2.9 per cent.

The group's adjusted EBITDA improved to €15 million, while EBITDA stood at €9.1 million for the first quarter. This improvement was supported by a more favourable market environment, positively impacting the online fashion store's order economics. Over the past twelve months, the average order value rose by 6.7 per cent to €58.5 per order, with customers placing an average of 3.1 orders each, the company said in a press release.

In the DACH segment, which includes Germany, Austria, and Switzerland, revenue grew by 1.6 per cent YoY to €252.7 million, with Germany showing positive growth rates. The Rest of Europe (RoE) segment also performed well, achieving a 2.3 per cent YoY revenue growth to €234.1 million in the first quarter.

The adjusted EBITDA for the DACH segment amounted to €8.4 million, with a margin of 3.3 per cent. The RoE segment, while reporting an adjusted EBITDA of minus €7.8 million, saw a significant improvement in its margin to minus 3.3 per cent.

“Investments in marketing and technology across both our business units will be the catalyst for accelerating our Group revenue growth going forward. This, combined with improving market conditions and the industry's strong growth potential, makes us optimistic about the current and subsequent financial years," said Tarek Muller, About You Group's co-founder and co-CEO.

Fibre2Fashion News Desk (DP)