Home / Knowledge / News / Nuance improves retail performance in all Group Opts
Nuance improves retail performance in all Group Opts
19
Feb '08
The Nuance Group released its preliminary financial results for 2007 highlighting a significant improvement in earnings performance across the Group. In 2007, Earnings Before Interest & Tax (EBIT) increased by 36 per cent from CHF 32 million in 2006 to CHF 43.6 million.

The improvement in earnings was driven by solid sales growth of 9.4 per cent, up to CHF 1.764 million, the on-going restructuring of the Nuance business and significant improvements in operational efficiency.

Growth in sales was the result of both strong passenger growth and improved retail performance in all Group operations.

In Asia, Hong Kong and Singapore both recorded strong sales growth. The Australian operations, whilst recording improved sales, continued to be hampered by the liquid and gels ban which also impacted profitability in that market.

In the European region, all countries (with the exception of Sweden – which was heavily impacted by the restrictions on liquids and gels) showed significant improvements both in sales and profitability.

Finally, in North America, sales on a like-for-like basis increased by 17.2 per cent and profitability improved following the exit from Vancouver Airport and a strong performance in the United States.

On a consolidated basis, EBIT increased by 36 per cent. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) increased by 23.4 per cent to CHF 69.3 million. Net Income, (after Discontinued Operations and Minority Interest) reached CHF 4.3 million, showing a material improvement compared to previous years.

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Steve Cole
Xerium Technologies

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

Mohammad Hassan
Biax Fiberfilm

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

Lynda Kelly
Suominen Corporation

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search