The Global Savings Group GmbH achieved a new record result in its operating business in 2016. The Group's gross merchandise volume (GMV), i.e. the volume of all sales generated for its retail partners, increased by a total of 99.4 million euros to 463 million euros.
Last year was a good year for the Global Savings Group. The Munich-based company successfully expanded its services for consumers and advertising partners, increased both the quality and quantity of its online offerings, and strengthened its position as a leading platform for purchasing decisions.
"Last year, we successfully continued our strong growth trajectory. Expanding our global reach helped us become profitable in 2016. We achieved this through the continuous expansion of our platform. The successful development and launch of new consumer portals brings us one step closer to our vision of creating a comprehensive digital ecosystem for advertisers, publishers, and consumers."
explained Andreas Fruth, one of the managing directors and co-founders of the Global Savings Group.
Renamed 'Global Savings Group'
In June 2016, the CupoNation Group announced its intention to change its name to Global Savings Group. The new name is intended to reflect the group's growing global presence. The new brand will also help acquire international partners and support the continued expansion of its current portfolio with new consumer portals.
Growth course to continue in 2017
And what's next? In 2017, the Global Savings Group intends to continue its growth path. Continuous innovation of its platform is at the heart of GSG's continued development.
The Global Savings Group plans to enhance its offerings to advertisers, service providers, and consumers, as well as its ability to connect audiences and advertisers. The Group also aims to further expand its consumer brand portfolio and further expand its global reach.
"By expanding our offerings along the purchase decision process, we will be able to reach an even broader audience and offer our advertising partners even more added value. As we build new portals and strong consumer brands in the retail, lifestyle, and travel sectors, we will be able to reach more online shoppers and help them make good decisions and save money. In 2017, we will continue our growth trajectory and continue to work on developing a unique network for advertisers, publishers, and consumers."
supplemented Gerhard Trautmann, Managing Director and co-founder of Global Savings Group.
