Revenue growth. Good performances by all brands: Diesel is healthy, Margiela takes off. OTB Group closes 2019 in the green. The consolidated income statement shows revenue up by 6.4%, to 1.53 billion euro. All sales’ channels perform well: retail up by 9%, wholesale by 2% and e-commerce by 5%.
Diesel in good health, Margiela takes off
OTB closed 2019 with growth, noticing how its main brand is back in the green. Diesel’s revenue increased by 2.6% in 2019. Throughout the same period, it restructured its retail channel, by opening 45 new stores and closing those that weren’t performing, while online sales increased by 11%. Maison Margiela’s revenue grew by 36%, to reach 200 million euro. Retail and e-commerce were the main drivers behind the increment.
As reported by Fashion united, Maison Margiela’s revenue (circa 200 million euro) also includes sales made by Viktor&Rolf. Marni’s revenue was up by 8%, with sales of accessories accounting for about 58% of the total. Staff International’s total turnover also increased: +9%, while Brave Kid grew by 6.4%.