Home / Knowledge / News / Apparel/Garments / Billabong sales lift 19.6% in currency terms in Europe
Billabong sales lift 19.6% in currency terms in Europe
22
Feb '08
Billabong International Limited announced a net profit after tax (NPAT) of $88.7 million for the six months to 31 December 2007. Billabong International Limited chief executive officer Derek O'Neill said underlying NPAT growth was 13.1% in constant currency terms, after excluding $6.3 million in one-off tax benefits in the prior year period.

With the prior year's one-off tax benefits included, NPAT was up 4.7% in constant currency terms, or down 2.0% in reported Australian dollars, reflecting the significant appreciation in the Australian dollar, in particular against the US dollar.

Group sales for the period rose 15.8% in constant currency terms (up 8.4% in reported Australian dollars) to $662.0 million, with all key regions showing double-digit revenue growth in constant currency terms.

Sales in Europe lifted 19.6% in constant currency terms, or 15.5% in reported Australian dollars, to $143.4 million. In the Americas, sales lifted 13.2% in constant currency terms, or 0.4% in reported Australian dollars, to $287.5 million.

The Australasian region had sales growth of 16.8% in constant currency terms, or 15.3% in reported Australian dollars, to $231.0 million. The higher growth reflects the first-time inclusion of sales from South Africa, a region that was converted from a licensed to wholly-owned operation at the start of the half year period.

Group EBITDA of $147.3 million was up 12.5% in constant currency terms, or 6.2% in reported Australian dollars. Overall earnings per share were up 4.9% in constant currency terms, or down 2.0% in reported Australian dollars.

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Apparel/Garments | On 25th Apr 2017

Walmart's Project Gigaton to help reduce emissions

Walmart has launched a sustainability platform called Project Gigaton ...

Courtesy: Arvind

Fashion | On 25th Apr 2017

The Arvind Store launches ready-to-wear brand for men

The Arvind Store has announced the launch of its own ready-to-wear...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

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

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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