Home / Knowledge / News / Apparel/Garments / Overall positive results achieved in 2011, Benetton board
Overall positive results achieved in 2011, Benetton board
04
Feb '12
The Benetton Group Board of Directors reviewed key preliminary data for 2011. Preliminary consolidated revenues for 2011 reached € 2,031 million, substantially unchanged compared with € 2,053 million in 2010 (-0.4% currency neutral, -1.1% at current exchange rates).

The result achieved by the Group in 2011 was positive overall, and demonstrated the capacity of the brands to react and cope with a macro-economic situation which, during the year, was in continuously negative evolution, especially in Southern Europe.

Furthermore, these results, were also achieved due to the contribution of the network of partners and their continued support, and to the dynamic development of many countries, in particular outside Europe, indicating the potential which already exists within the Group's sphere of operations and which it will be possible to achieve even more fully in a less challenging macro-economic situation.

More specifically, the Apparel segment achieved € 1,912 million, against € 1,948 million in 2010 (-1.1%, currency neutral), while the Textile segment saw an increase in sales compared with the previous year of € 14 million, reaching € 119 million (+14%, at current exchange rates).

In the fourth quarter of 2011, total sales were € 550 million, down by € 5 million against the corresponding quarter of 2010, entirely due to the exchange impact. During the fourth quarter of 2011, direct sales on a like-for-like basis showed an improving trend compared with the preceding nine months, thus enabling a recovery after the difficult start to the Fall/Winter season experienced in September, due also to climatic conditions.

Examining revenue performance by geographical area, in Europe, positive contributions to the results for the financial year were made by the double-digit growth achieved in Russia and ex-USSR countries, growth in continental Europe (especially in Germany) and performance in the UK market. This contrasted with the decrease in Greece, although partially improving at the end of the year, and the marginal reductions in the Spanish and Italian markets. Overall, Europe reduced by 2% in the year.

All other geographical areas showed growth, with differentiated performance in the principal countries in which the Group operates. In the Americas (+6%), strong growth in Mexico was confirmed, where the UCB brand further strengthened its position and there was strong growth overall in South American countries (+30%). In the USA and Canada, there was a contraction (-12%) associated with the restructuring of the sales network in those markets, even though the results of comparable stores in the USA showed an encouraging positive trend in the final quarter of the year.

In Asia (+5%), almost all countries saw double-digit growth, including: India and Korea +11% and ex-USSR Asiatic countries even exceeding 20%. In Greater China and all its constituents, there was a gratifying direct sales result on a like-for-like basis (+ 5%). Japan, on the other hand, was down due to the restructuring of the sales network and the natural disaster of last March.


Must ReadView All

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

India’s cotton output projected at 377 lakh bales

Textiles | On 15th Dec 2017

India’s cotton output projected at 377 lakh bales

India’s cotton output in the 2017-18 season is likely to increase by...

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search