Esprit has presented its H1 results, which have seen the company’s revenue falling by a significant margin compared to last year. However, the company remains optimistic about the second half of the year, expecting a strong performance..
For the first half of 2023, Esprit reported a revenue of 403 million euros, a decrease of 14.6% compared to the same period in 2022. This decline was primarily driven by a drop in sales across all regions, with Europe experiencing the most significant impact. The company attributed this decline to the ongoing economic uncertainty and rising inflation, which have affected consumer spending..
Despite the challenging first half, Esprit remains confident in its long-term growth prospects. The company believes that its recently implemented strategic initiatives, including a focus on sustainability and digitalization, will drive growth in the future..
Commenting on the results, Esprit CEO Anders Kristiansen said: .
