Brantano achieves 2.5% growth in existing stores

19 Jul '05

4 min read

Belgium based footwear retailer Brantano Group's announced the results for the first half of 2005 year.

The Group's consolidated turnover for the first half of 2005 totaled € 145.9 million. This represents a rise of 1.1% compared with the turnover achieved in the first half of 2004.

The Brantano group recorded sales revenue of € 145.9 million, representing a decrease of 6.6% compared with the € 156.3 million which it earned in the first half of last year. In 2004 the consolidated turnover still included the sales revenue earned in the Netherlands and Denmark. Given that the Dutch and Danish stores have been sold, these were no longer included in the consolidation 2005. On a comparable basis (excluding the Netherlands and Denmark) turnover was up by 1.1%. Without exchange rates, it was up by 2.2%.

In the total group turnover of € 145.9 million, Belgium (including Luxembourg) accounts for € 69.7 million and the United Kingdom (including the Middle East) € 76.2 million. The sales figures achieved by Belgium (and Luxembourg) thus represent 47.8% of the group total and the sales figures of the United Kingdom 52.2%.

The turnover in Belgium (including Luxembourg) was € 69.7 million in the first 6 months of 2005 compared with € 68.4 million in 2004. Turnover therefore rose by 1.9%. Like-for-like turnover growth (turnover growth in stores that have been opened for more than twelve months) was positive en amounted to 0.7%.

In the United Kingdom (including the Middle East), turnover for the first half of 2005 stood at € 76.2 million, as compared to € 75.9 million in the first half of 2004. This represents turnover growth of 0.4%. In real terms (i.e. expressed in GBP), turnover rose by 2.4%. In the United Kingdom, Brantano experienced negative like-for-like growth of 0.1%. The rise in total sales revenues can thus be ascribed to the stores opened in 2004 and 2005.

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