Folli Follie S.A. presents first nine months 2007 financial results by fully consolidating Hellenic Duty Free Shops for a nine-month period. Due to the consolidation, comparisons on a yearly basis cannot be made, as first nine months of 2006 results contained a full consolidation of Hellenic Duty Free Shops for a five-month period.
Sales rose by 40,5% to EUR 465,6 million in the first nine months of fiscal year 2007 (9 months 2006: EUR 331,3 million). Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) rose by 27,6% to EUR 119,2 million from EUR 93,4 million in first nine months 2006 and Earnings Before Taxes reached EUR 100 million compared to EUR 85,5 million in the same period of 2006 (+17%).
The group recorded net profit after taxes of EUR 75,5 million from EUR 64,8 million the same period last year, representing an increase of 16,3%, despite higher interest expenses compared to the first nine months of 2006 and by taking into account interest expenses with regard to the acquisition of Links of London in July 2006.
Net earnings after taxes and minorities rose by 16,7% to EUR 60,7 million from EUR 52 million the same period last year. Finally, the profits per share reached EUR 1,84 from EUR 1,58 in the same period 2006 showing an increase of 16,5%.
Folli Follie (stand alone) results highlights: With regards to Folli Follie S.A. stand alone figures (based on DFS equity method) sales for the period January 1st, to September 30th 2007 rose by 16,3% to EUR 205,6 million (nine-month 2006: EUR 176,8 million). Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) reached EUR 66,4 million from EUR 51,6 million the year before increasing by 28,7%.
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