MOSCOW, April 8. /TASS/. Net turnover of Russian fashion retailer Lamoda at the end of 2023 increased by 30% year-on-year to 132.5 bln rubles ($1.44 bln), the company said on Monday.

The company’s EBITDA increased by 10% compared to 2022 and amounted to 11.8 bln rubles ($128.73 mln).

The pace of EBITDA growth was driven by active investments in key areas - last year, Lamoda invested significantly in the expansion of a network of pick-up sites, the launch of the Lamoda Sport network, product development, and marketing promotion, the report said.