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GLOBAL FASHION GROUP DELIVERS OUTSTANDING QUARTER , REAFFIRMING FULL YEAR OUTLOOK Luxembourg , 12 May 2021 - Global Fashion Group S.A. ( " GFG " ) , the leading online fashion and lifestyle destination in growth markets , reported quarterly Revenue and NMV growth of 26.6 % and 37.8 % respectively , and substantial gross margin and Adj . EBITDA improvements . Revenue € m % Constant Currency Growth¹ % € Growth ● NMV € m % Constant Currency Growth¹ % € Growth Gross Profit € m % Margin of Revenue Adjusted EBITDA € m % Margin of Revenue Q1 / 20 271.4 8.1 % 4.1 % 372.1 13.1 % 9.2 % 110.1 40.6 % Outlook ( 22.7 ) ( 8.3 ) % Pro - forma³ cash balance at 31 March of € 704.7m Q1 / 21 301.3 26.6 % 11.0 % 449.9 37.8 % 20.9 % Q1 2021 Highlights ( growth rates at constant currency ) Net Merchandise Value² growth of 37.8 % ( Q1 / 20 : 13.1 % ) Revenue growth of 26.6 % ( Q1 / 20 : 8.1 % ) Marketplace NMV grew by 98.5 % yoy , achieving 35.9 % participation ( Q1 / 20 : 24.9 % ) Gross Margin 44.1 % ( Q1 / 20 : 40.6 % ) and Adj . EBITDA Margin ( 3.8 ) % ( Q1 / 20 : ( 8.3 ) % ) 132.9 44.1 % ( 11.5 ) ( 3.8 ) % Strong Active Customer growth , up 25.8 % , with NMV per Active Customer up 3.6 % to € 121.9 Christoph Barchewitz and Patrick Schmidt , Co - CEOs of GFG , said : " We've had a standout start in GFG's 10th anniversary year with very strong NMV growth across all of our regions . As ecommerce adoption continues at pace , we benefited from a broad view of how customers are responding across four very diverse markets . With 1.5 million new customers and the stronger performance in markets where covid restrictions have been lifted , we are very optimistic about delivering on our ambition to build a € 10 billion NMV business . " GFG reaffirms its FY2021 guidance and expects to grow NMV by over 25 % , delivering c . € 2.3-2.4 billion in NMV , and around € 1.5 billion of revenue , all on a constant currency basis . GFG expects Adjusted EBITDA to improve modestly and Capex investment will be around € 60 million in FY2021 . GFG's outlook remains impacted by the elevated uncertainty associated with the ongoing impact of COVID 19 in its markets . 1