The Group
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Financial Statement

Financial results

2024 represented a year of consolidation and growth for OTB

2024 represented a year of consolidation and growth for OTB

Thanks to a long-term strategy focused on investments targeting direct channels, in 2024 the Group further strengthened its retail business both in markets where it was already present and by entering new geographical areas to seize opportunities in high-potential countries.

Financial highlights

2024 ended with a turnover of 1.8 billion euros. Net Sales amounted to 1.7 billion, reflecting the general downturn that affected the wholesale channel. In contrast, sales increased in direct channels (+7.4%), Maison Margiela and Diesel performed satisfactorily, and the growth in highly strategic markets such as Japan (+16.3%) and North America (+13.3%) offset the slowdown in the Chinese market.

While strengthening the Group’s presence in consolidated strategic areas, in 2024, investments also focused on entering new high-growth potential geographical areas, such as the Middle East, through the joint venture agreement with Chalhoub Group to reinforce the direct presence of luxury brands in the region, and through the Group's entry into the Mexican market, by establishing a local legal entity and opening approximately 50 new stores over the next five years.

OTB has also acquired the majority stake in Calzaturificio Stephen, the Group's historical supplier and excellence in high-end footwear production.

Turnover

EBITDA

Net financial position

Net investments

2024 Financial Results

OTB Governance practice

Our corporate governance model conforms to international regulations

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