Home / Knowledge / News / Fashion / Mariella Burani Fashion generates healthy sales for Q1
Mariella Burani Fashion generates healthy sales for Q1
20
May '08
The Board of Directors of Mariella Burani Fashion Group Spa yesterday approved the consolidated financial results for the first quarter of 2008 which reflect:

• Revenues of € 181.2 million from € 178,1 million in 1Q 2007, reflecting 1.7% total growth and 12.8% organic growth.
• EBITDA of € 29.1 million (+14.4%) vs. € 25,5 million in 1Q 2007.
• EBIT of €24.8 million (+24.2%) vs. € 20 million in 1Q 2007.
• Pretax income of €16.7 million (+20.1%) vs. € 13,9 million of in 1Q 2007.

FINANCIAL HIGHLIGHTS – 1Q 2008:
Consolidated revenues of 1Q 2008 increased to € 181.2 million compared to € 178.1 million for the same period in 2007. Total revenues reflect the net impact of the disposal of the multi-brand retail division in May 2007, the consolidation of Valente and Calgaro (Fashion jewellery), and the acquisition of Dadorosa (Leather Goods) in June 2007. Organic revenues grew by 12.8% during the period.

The Group's total growth was driven primarily by:
• The strong performance of the Leather Goods division (Antichi Pellettieri) that realised 18,5% growth during 1Q 2008: the divisional growth was primarily driven by the excellent results of own brands such as Baldinini (+40%), Braccialini (+37%) and Sebastian (+39%);
• The growth of the Apparel division driven by the optimal performance of Junior Fashion Group;
• The optimal growth realised in emerging luxury markets (+33.1%) driven by the strong growth realized in Russia, Eastern Europe, and the Middle East;
• The Organic growth realized in Italy (+8.0%).

Ebitda reached €29.1 million for the year (+14.4%) with an Ebitda margin of 16.1% versus 14,3% for the same period in 2007. Ebitda growth is mainly attributable to the continuous improvement in the Group's sales mix, to operating leverage, economies of scale and further rationalization of the Apparel division.

The Group's sales mix reflects:
• Leather Goods and Fashion Jewellery divisions, which together generated 63.4% of revenues vs. 50.9% in 1Q 2007;
• Export sales which generated 63.1% of revenues with emerging markets representing 35.9%, and US and Japan, together limited to 5% of the Group's revenues.
• Own brands which generated 81.7% of revenues;
• Direct distribution channels which generated 52.2% of revenues with the Group's retail network reflecting 16.2% of revenues.


Must ReadView All

Indian textile & apparel exports fall 13% in Jan 2018

Textiles | On 17th Feb 2018

Indian textile & apparel exports fall 13% in Jan 2018

A decline of 13 per cent year-on-year has been observed in the...

Brazilian cotton prices move up in first fortnight

Textiles | On 17th Feb 2018

Brazilian cotton prices move up in first fortnight

Cotton prices rose in Brazil in the first fortnight of February, as...

Courtesy: OrganoClick

Textiles | On 17th Feb 2018

OrganoClick introduces OrganoTex for water repellency

OrganoClick has introduced OrganoTex, a textile impregnation product...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Harsh Shah

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

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Steve Cole
Xerium Technologies

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

Suresh Patel
Sidwin Fabric

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Yash P. Kotak
Bombay Hemp Company

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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
70.3%
No
12.9%
Skip
16.8%

Total Votes: 101

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
63.4%
No
29.7%
Skip
6.9%

Total Votes: 101

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
88.1%
No
8.9%
Skip
3.0%

Total Votes: 101

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
83.2%
No
7.9%
Skip
8.9%

Total Votes: 101


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