Home / Knowledge / News / Fashion / Coccinelle & Braccialini perform well at Mariella Burani
Coccinelle & Braccialini perform well at Mariella Burani
Aug '08
The Board of Directors of Mariella Burani Fashion Group Spa yesterday approved the consolidated financial statements for the six month period ended June 30, 2008, which reflect:

• Revenues of €325.3 million from €346.3 million in 1H 2007. While total revenues declined by during the period, the Group realised +9.4% organic growth.
• EBITDA of €40.1 million (+14.8%) vs. €34.9 million in 1H 2007.
• EBIT of €30.5 million (+34.5%) vs. €22.7 million in 1H 2007.
• Pretax income of €12.8 million (+42.1%) vs. € 9 million in 1H 2007.
• Net Financial Position (Debt) of €260.6 million, reflecting a debt/equity ratio of 0.84 notwithstanding the important investments effected during the period (including the acquisition of 100% of Finduck (Mandarina Duck), 14% of Francesco Biasia, and 35% of Jaya). The Net Financial Position at June 30, 2008 does not reflect the € 118 million proceeds received on August 7, 2008 from the sale of 49% of APBags to 3i fund.

IAS 8 – Consolidated financial statement 2007 and 2006 Restatement:
The Board of Directors of Mariella Burani Fashion Group Spa yesterday also approved, following prescriptions of IAS 8, the restatement on 2007 and 2006 consolidated financial statements before announced through July 1 and 2, 2008 press releases and in the July 3, 2008 conference call. For this topic and for subsequent actions carried on by the Company please see dedicated paragraph in the first half financial statement 2008.

Financial Highlights 1H 2008:
Consolidated revenues of €325.3 million from €346.3 million in 1H 2007. The decline in total revenues during the six month period, notwithstanding the first time consolidation of Valente, Calgaro and Dadorosa, is explained by the sale of the group's multi-brand retail division in June, 2007.

The Group realised strong organic revenue growth of 9.4%, driven primarily by:
• the Leather Goods division (Antichi Pellettieri) that realised 19.8% organic growth during the period; primarily attributable to the excellent results from Baldinini (+43%) and the strong performance from Coccinelle and Braccialini handbags and accessories collections.
• the 22% organic growth realised by the Digital Fashion Division.
• 16% organic growth in revenues generated from third party licenses.
• strong growth from emerging luxury markets (+ 23%), particularly in Russia (+32%), Eastern Europe (+17%), and the Middle East (+54%).

Ebitda reached €40.1 million for the year (+14.8%) vs. € 34.9 million in 1H 2007, reflecting an Ebitda margin of 12.3% (vs. 10.1%) for the same period in 2007. The restated 2007 Ebitda is impacted by the sale of the multibrand retail division.

The Group's sales mix reflects:
• Leather Goods and Fashion Jewellery divisions, which together generated 59.4% of revenues vs. 44% in 1H 2007;
• Export sales which generated 64.7% of revenues with emerging markets representing 37.9%, and US and Japan, together limited to 5% of the Group's revenues.

Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Kamal Kulshreshth

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


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