Mariella Burani declares total revenue growth of 11.7%

19 Feb '08

3 min read

•The strong performance of the Leather Goods division (Antichi Pellettieri), driven by Baldinini, Braccialini e Francesco Biasia collections;
•The dynamic growth realised in emerging luxury markets (+36,6%) and the sustained growth in Italy (+15,3%).
•The excellent performance of the boutiques of the Leather Goods division (+20%).

EBITDA reached € 108,3 million compared to € 125,1 million of 2006; net of extraordinary items, the Group realised Ebitda growth of 16,9%. Improved EBITDA margins are primarily attributable to operating leverage and economies of scale in the Leather Goods division, further rationalisation in the Apparel division and an improved sales mix for the Group.

The improved sales mix is evidenced by the increased weight of revenues from:
•Leather Goods and Fashion Jewellery that, together, generated 58% of consolidated “core” operating revenues;
•Export sales which generated 62% of consolidated operating revenues with emerging markets representing 30%, and US and Japan, together, representing less than 5% of the Group's revenues;
•Direct distribution channels which today generate 67% of consolidated operating revenues.

EBIT of € 78,3 million from € 92,6 million of 2006; net of extraordinary items, Group Ebit realised growth of 18%. Net Income of € 46 million from € 63,3 million of 2006.

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