Home / Knowledge / News / Fashion / Antichi Pellettieri declares excellent Q1 results
Antichi Pellettieri declares excellent Q1 results
14
May '08
The Board of Directors of Antichi Pellettieri Spa yesterday approved the financial results for the first quarter of 2008 which reflect:

•Revenues of € 104.9 million (+ 23.8 %) vs. € 84.8 million in 1Q 2007.
•EBITDA of € 18.8 million (+ 34.3%) vs. € 14.0 million in 1Q 2007.
•EBIT of € 16.9 million (+ 39.0%) vs. € 12.1 million in 1Q 2007.
•Pretax income of € 14.4 million (+40.4%) vs. € 10.2 million in 1Q 2007.

FINANCIAL HIGHLIGHTS – 1Q 2008

Consolidated revenues increased to € 104.9 million (+23.8%) compared to € 84.8 million in 1Q 2007.

Total revenue growth was driven by:

The optimal performance of the Group's own brands including Baldinini (+37%) and Sebastian luxury footwear collections (+39%) as well as Braccialini handbag and accessories collections (+36%);

Increased revenues from direct distribution channels, as evidenced by the 27% growth of the Groups Directly Operated Stores (DOS) during the quarter;

Dynamic growth realised in emerging luxury markets (+33%), driven by the optimal performance of Russia (+30%), Eastern Europe (+34%), and the Middle East (+80%).

Total growth realised in Italy (+22%), driven again by Baldinini footwear collections and Braccialini handbag and accessories collections; the consolidation of Dadorosa (acquired in July 2007).

Ebitda reached € 18.8 million for the year (+34.3%) with an Ebitda margin of 17.9% versus 16.5% for the same period of 2007. Ebitda growth is primarily attributable to the improvement in the Group's sales mix with an increasing focus on higher margin products, increased operating leverage, and economies of scale.


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Mark Paterson
Technical Absorbents Ltd

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

Steve Cole
Xerium Technologies

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search