Home / Knowledge / News / Apparel/Garments / Clear improvement in Lafuma's operational performances
Clear improvement in Lafuma's operational performances
31
May '11
The Board of directors of Lafuma Group approved the fiscal 2010/11 half-year financial statements. Audit procedures were performed. The statutory auditors have completed their audit tasks and their reports are forthcoming.

Clear improvement in operational performances

Turnover for the Lafuma Group totaled 122.4 million euros over the first half of fiscal year 2010/11, up 0.9% compared to the first half of fiscal 2009/10. The main drivers were the return to growth in the Great Outdoor division and an acceleration of dynamics for the Mountain division.

Current operating profit surged to 2.4 million euros, mainly owing to:
- a climb in gross margin following a sharp decrease in inventory reduction operations, and
- a solid control over operating expenses.

Clear improvements in performances were evidenced particularly in the Great Outdoor division, which reached an operational equilibrium, compared to a current operating loss of 1.7 million euros recorded in the first half of fiscal 2009/10, and also in the Mountain division where current operating profits doubled to 3.2 million euros.

Operating profits totaled 1.7 million euros, an increase of 94.3%, in spite of 0.7 million euros posted for additional restructuring costs.

The sharp reduction in the level of debt achieved over the past two fiscal years resulted in a 36% decrease in the cost of net financial debt, now totaling 1.6 million euros. On March 31, 2011 net financial debt stood at 52.3 million euros, representing under 50% of equity.

The Group share of net profits was positive in spite of the proportional share of losses totaling 0.3 million euros generated from the launch of a new joint venture in China. This performance contrasts with losses recorded in the first half of each fiscal year since FY 2007/08.

Net profits expected over full fiscal year 2010/11

The Group order book is showing significant increases for the upcoming winter season. Sales growth trends observed over the first half of the fiscal year are expected to be carried over to the third quarter and accelerated into the fourth quarter of 2010/11 and especially into the first quarter of fiscal 2011/12. This growth, combined with control over operating expenses and working capital needs, will result in a return to a net profit position over the full fiscal year.

Lafuma Group


Must ReadView All

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Urs Stalder
Sanitized AG

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin
Chapurin

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

October 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
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

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
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

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
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

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
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


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