Home / Knowledge / News / Fashion / Antichi's international franchise network grows by 40%
Antichi's international franchise network grows by 40%
02
May '08
The Shareholders of Antichi Pellettieri S.p.A. approved the Group's 2007 consolidated financial statements that reflect:
• CONSOLIDATED REVENUES of € 300,2 million compared to € 257,5 million in 2006, reflecting 16,6% revenue growth.
• EBITDA of € 47,8 million vs. € 35,0 million of 2006 reflecting 36,7%.growth.
• EBIT of € 35,9 million vs. € 26,1 in 2006 reflecting 37,3% growth.
• NET INCOME of €26,4 million vs. €12,2 million of 2006 reflecting a 115,7% growth.
• NET FINANCIAL POSITION Debt of € 63,5 million, reflecting a debt/equity ratio of 0,36 vs. 0,41 at December 31, 2006 and an optimal debt/Ebitda ratio of 1,3.

Consolidated revenues for the year ended December 31, 2007 increased to € 300,2 million compared to € 257,5 million generated during 2006.

Revenue growth is primarily attributable to the strong performance of:
• the Group's own brands Baldinini, Francesco Biasia and Braccialini;
• “emerging” luxury markets including Middle Eastern (reflecting 31,8% growth) and Eastern European (including Russia) markets (reflecting 45% growth);
• the retail network with the Group's Directly Operated Stores that registered 21% growth and the Group's international franchise network which grew by 40%. The Group's retail network at December 31, 2007 includes 176 boutiques worldwide; 48 Directly Operated Stores (DOS) and 128 Franchisees, and
• the first time consolidation of Dadorosa, acquired in July, 2007.

EBITDAof € 47,8 million vs. € 35,0 million for the full year 2006, reflecting growth of 36,7% and an Ebitda margin of 15,9% (vs. 13,6% of the full year 2006).


Must ReadView All

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Jharcraft in India’s Jharkhand signs MoU with Banka Silk

Textiles | On 24th Feb 2018

Jharcraft in India’s Jharkhand signs MoU with Banka Silk

The Jharkhand Silk Textile and Handicraft Development Corporation...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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