Home / Knowledge / News / Apparel/Garments / Etam Group sales up 2.8% in 2012
Etam Group sales up 2.8% in 2012
Apr '13
The Etam Group generated sales of €1,216.9 million in 2012, including a positive currency impact of €40.3 million relating mainly to the appreciation of the yuan against the euro. This represents an increase of 2.8% versus 31 December 2011. Like-for-like and at constant exchange rates, net sales decreased by 3.4%.

Gross margin

Gross margin went up by 0.8 point year-on-year to 58.6%, mainly due to the favourable impact on mark-down rates of the good commercial performance of European collections, the reduction of purchasing costs in U.S. dollars and the better management of inventory levels.

Operating income

The Group generated an operating income of €41.9 million in 2012 versus €41.5 million in 2011. In Europe, profitability was significantly improved, with an operating income of € 40.4 million versus €16.1 million in 2011, of which the most noticeable element was the turnaround of 1.2.3 to a profitable situation. On the other hand in China, the Group suffered a 12.6% drop in activity like-for like and at constant exchange rates. This drop was mainly due to the rapid evolution of distribution channels, the increased competition and the lack of attractively of its collections. As a consequence, the operating income dropped to €1.5 million in 2012 from €25.4 million in 2011.

Net income

Consolidated net income came to €13.4 million compared with €11.3 million in 2011. After China’s minority interests of €0.6 million, net income (Group share) totalled €12.9 million in 2012.In order to preserve the Group's financial structure; it will be proposed at the next shareholders' meeting that no dividend be paid for 2012.

Cash flow

The Group recorded an EBITDA of €100.4 million in 2012 against € 89.3 million in 2011. After change in working capital requirement, investments, interests and taxes paid, the Group's free cash flow was positive by € 80.6 million at December 31, 2012 compared to a negative figure of € 6.8 million at December 31, 2011.

After different adjustments for € 0.7 million, the net cash surplus is € 79.9 million for 2012. It was used to reduce the net debt, which stands at €100.6 million at 31 December 2012, from €180.5million at 31 December 2011.


The Etam Group generated net sales of €333.6 million in the first quarter of 2013, including a positive currency impact of €0.9 million relating to the rise of the yuan against the euro. This represents an increase of 0.7% compared to 31 March 2012 and of 1.8% like-for-like and at constant exchange rates.

In Europe, sales came to €195.0 million in the first quarter of 2013, up 3.4% or 4.1% like-for-like and at constant exchange rates. The positive performance of the brands continued in the first quarter of 2013.

In China, sales were €138.6 million in the first quarter of 2013, down 2.8% or 2.1% like-for-like and at constant exchange rates.

The Group financial position and results at March 31, 2013 do not require specific comments.

Etam Group

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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