Esprit’s H1 Results Fall As Expected, But It Promises Stronger Second Half

**Esprit’s H1 Results Fall As Expected, But It Promises Stronger Second Half**.

* **Esprit’s H1 Results Fall As Expected, But It Promises Stronger Second Half**.

* **Esprit’s H1 results fall as expected, but it promises a stronger second half**.

* **Esprit Sees Sales Recovery In Q2, Promises Stronger Second Half**.

Esprit’s first-half results fell as expected, but the company promised a stronger second half..

**Key Highlights:**.

* Revenue fell 8.8% to €533.5 million..

* Comparable sales decreased 8.2%..

* Net loss was €84.1 million, compared to a loss of €212.9 million in the same period last year..

* Gross margin decreased to 59.2%..

* Operating expenses fell 11.5%..

**Reasons for the Decline:**.

Esprit cited several factors for the decline in its first-half results, including:.

* The COVID-19 pandemic, which led to store closures and reduced consumer spending..

* The war in Ukraine, which has disrupted supply chains and increased costs..

* Inflation, which has put pressure on consumers’ budgets..

**Outlook:**.

Despite the challenges, Esprit is optimistic about the future. The company expects a stronger second half, driven by:.

* The easing of COVID-19 restrictions..

* The launch of new products..

* Cost-cutting measures..

Esprit is also focused on expanding its online business and growing its presence in key markets such as China..

**CEO Statement:**.

Esprit CEO Anders Kristiansen said:.

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