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

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Steve Cole
Xerium Technologies

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

Lynda Kelly
Suominen Corporation

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

Ashok Desai
Bombay Textile Research Association

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

Tony Ward
Tony Ward

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

Rupa Sood and Sharan Apparao
Nayaab

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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