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Mariella Burani Fashion Group registers 7.9% growth
15 Nov '08
4 min read
Ebit increased to €91.5 million (+117.2%) from € 42.1 million of the same period 2007. Pretax income increased to € 65.4 million (+201.2%) for 9M 2008 vs. € 21.7 million in 9M 2007.
Net Financial Position (Debt) of € 174.5 million, vs. € 260.6 million at June 30, 2008, reflecting the sale of 49% of APBags to 3i as well as the consolidation of the Net Debt of Finduck, resulting in a optimal consolidated debt/equity ratio at September 30, 2008 of 0.41.
OUTLOOK:
As witnessed in the results, the accessible luxury goods market continues to offer MBFG numerous opportunities and the Group is benefiting from its established position in this market segment as well as its consolidated presence in emerging markets, a key growth driver. In addition, the Group's presence in the USA and Japan, today considered higher risk markets, is limited to 5% of MBFG's total revenues.
The positive performance in the first nine months of the year, the encouraging sell-out statistics of the Autumn/Winter 2008-2009 collections, combined with the contribution of Finduck Srl and the benefits of our strategic partnerships, give management confidence in the near and long terms prospects for the business.
Net Financial Position (Debt) of € 174.5 million, vs. € 260.6 million at June 30, 2008, reflecting the sale of 49% of APBags to 3i as well as the consolidation of the Net Debt of Finduck, resulting in a optimal consolidated debt/equity ratio at September 30, 2008 of 0.41.
OUTLOOK:
As witnessed in the results, the accessible luxury goods market continues to offer MBFG numerous opportunities and the Group is benefiting from its established position in this market segment as well as its consolidated presence in emerging markets, a key growth driver. In addition, the Group's presence in the USA and Japan, today considered higher risk markets, is limited to 5% of MBFG's total revenues.
The positive performance in the first nine months of the year, the encouraging sell-out statistics of the Autumn/Winter 2008-2009 collections, combined with the contribution of Finduck Srl and the benefits of our strategic partnerships, give management confidence in the near and long terms prospects for the business.
Mariella Burani Fashion Group
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