Global Fashion Group
Business figures
Table:
Year

Net Revenue (EURm)

Revenue growth (%, FX neutral basis)

Adjusted EBITDA margin

Cash position (EURm)

2014[11]

627.5

Undisclosed

(38.0)%

223.8

2015[12][11]

808.0

48.2%

(26.9)%

76.7

2016[12]

1023.1 (excl. Jabong)

26.4%

(12.5)%

255.0

2017

1095.0 (excl. Jabong & Namshi)

19.9%

(8.9%)

257.3

Considering the data within the table titled Global Fashion Group, section Business figures, write a short sentence answering the following question: What was the percentage of decrease of GFG's adjusted EBITDA margin from 2016 to 2017? Return your answer as JSON: {"answer": "YOUR ANSWER"}.

answer: GFG's adjusted EBITDA margin decreased from 12.5% in 2016 to 8.9% in 2017.