**Esprit H1 Results Dip as Expected, Promises Stronger Second Half**.
**Esprit**’s first-half revenues fell 10.1% year-over-year to 664.7 million euros, in line with expectations, as the struggling fashion retailer braced for a challenging first half due to the ongoing impact of COVID-19 and supply chain disruptions..
The company’s net loss widened to 100.1 million euros ($102.7 million) from a loss of 89.7 million euros in the same period last year..
Gross profit margin decreased by 1.8 percentage points to 48.0%. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to a loss of 58.6 million euros, compared to a loss of 37.2 million euros in H1 2021..
**CEO Anders Kristiansen** said the results were in line with expectations and that the company had made progress in implementing its turnaround strategy, which includes focusing on its core markets, optimizing its product range, and improving its operating efficiency..
