The wholesale turnover increased by 1.6 per cent while there was a 3.0 per cent rise in the retail turnover. The fashion retailer's PrimaDonna swimwear and the newly introduced PrimaDonna sportswear collections were particularly successful.
Reported REBITDA for the first half year declined by 5.6 per cent, from €37.3 million to €35.2 million. On a comparable basis (including comparable deliveries), consolidated REBITDA declined by 5.7 per cent, from €38.5 million to €36.3 million.
In the first half of 2017, the net profit part of the group declined by 5.4 per cent from €21.2 million to €20.0 million. This resulted in a decline of the profit per share from €1.59 to €1.50. Income taxes were lower compared to last year both as a result of the lower profit before tax as well as of the lower effective tax rate of 34.2 per cent (35.5 per cent last year).
Net cash flow in the first half of 2017 was negative with € 13.5 million. At half-year the cash position was €6.7 million compared to the €18.5 million on 31 December 2016.
The company's working capital (current assets excluding cash and cash equivalents less current liabilities excluding financial debt) declined to €36.2 million as on 30 June 2017 (compared to €36.9 million as on 30 June 2016) mainly due to higher tax payables. (RR)
Fibre2Fashion News Desk – India
Textiles | On 18th Jun 2018
The digital textile printing sector is expected to have a compound...
Apparel/Garments | On 18th Jun 2018
The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...
Narayan Tex Fab
I find it hard to find professionals in Surat
Setting up a brand for online selling is easy, but running the brand is not
Ozone PB Spintex Limited
‘We have made huge investments to ensure quality yarn production.’
Conceived in Europe and curated in New Delhi, NeceSera is a...
Colorjet is among the fastest-growing wide format digital inkjet print...
<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Suominen Corporation is a manufacturer of nonwovens as roll goods for...
Coating at a fibre level is a practice not usually seen in the...
"You have to truly understand what your client wants, know her needs, what ...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
Whistling Woods International School of Fashion
<div>A lack of upgraded courses in costume designing and fashion as per...