fashionette

DB: FSNT

€191m market cap

€30.8 last close

fashionette is an online platform for premium and luxury fashion accessories in Europe, with websites live in eight European countries. Geographically, the DACH region is its core, representing c 89% of revenue in FY19. It is seeking to diversify by geography and product offering.

Investment summary

fashionette aims to become the leading data-driven online platform for premium and luxury fashion accessories across Europe, replicating its success in Germany. Management expects revenue growth to exceed market growth (Statista forecast of 17% pa in 2020–23) as its geographic coverage and product offer is enhanced via a combination of organic and inorganic growth. In the near term, revenue growth could exceed profit growth as the company invests in building a strong customer base across more countries.

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Sector
Consumer
Share price graph
Price performance
%
1m
3m
12m
Actual (17.6) 1.7 N/A
Relative* (17.1) (2.0) N/A
52-week high/low €39.5/€27.7
*% relative to local index
Key management
Daniel Raab CEO