Billabong sees good growth in emerging markets

25 Aug '11

4 min read

Twelve months ago the Group communicated the likely financial benefits from its evolving business strategy. At the time, the Group indicated that it was anticipating earnings per share (EPS) growth rates in excess of 10% in constant currency terms to return from 2011-12. This guidance was predicated upon a global recovery gradually taking hold. With the exception of the USA and some Asian territories, global trading conditions have generally deteriorated significantly. This has been exacerbated by the recent global economic uncertainties and extreme volatility in currencies, especially the AUD/USD. Until there is more visibility of these matters, and more particularly their effect on consumer spending patterns and hence the quantum of underlying growth in EBITDA, the Group will not offer EPS guidance.

However, Billabong, with its compelling brands, developing retail concepts and a strongly growing, industry-leading online retail presence is well positioned to capitalise on any improvement in global trading conditions.

Billabong International Limited

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