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Aeffe returns to profitability

For the 12 months to 31 December, net profit hit €19.3m compared to a loss of €32.1m in 2023. This was due to the sale of Moschino’s beauty business in September to Euroitalia. Operating profit also returned positive to €48.5m while EBITDA rose 33.8%.

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Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.