Home / Knowledge / News / Apparel/Garments / Billabong sales lift 19.6% in currency terms in Europe
Billabong sales lift 19.6% in currency terms in Europe
22
Feb '08
Billabong International Limited announced a net profit after tax (NPAT) of $88.7 million for the six months to 31 December 2007. Billabong International Limited chief executive officer Derek O'Neill said underlying NPAT growth was 13.1% in constant currency terms, after excluding $6.3 million in one-off tax benefits in the prior year period.

With the prior year's one-off tax benefits included, NPAT was up 4.7% in constant currency terms, or down 2.0% in reported Australian dollars, reflecting the significant appreciation in the Australian dollar, in particular against the US dollar.

Group sales for the period rose 15.8% in constant currency terms (up 8.4% in reported Australian dollars) to $662.0 million, with all key regions showing double-digit revenue growth in constant currency terms.

Sales in Europe lifted 19.6% in constant currency terms, or 15.5% in reported Australian dollars, to $143.4 million. In the Americas, sales lifted 13.2% in constant currency terms, or 0.4% in reported Australian dollars, to $287.5 million.

The Australasian region had sales growth of 16.8% in constant currency terms, or 15.3% in reported Australian dollars, to $231.0 million. The higher growth reflects the first-time inclusion of sales from South Africa, a region that was converted from a licensed to wholly-owned operation at the start of the half year period.

Group EBITDA of $147.3 million was up 12.5% in constant currency terms, or 6.2% in reported Australian dollars. Overall earnings per share were up 4.9% in constant currency terms, or down 2.0% in reported Australian dollars.


Must ReadView All

Courtesy: Mikes Photos from Pexels

Apparel/Garments | On 17th Oct 2018

Bangladesh garment exports swell 14.66% in Q1 FY19

Readymade garment exports from Bangladesh increased by 14.66 per cent ...

Courtesy: Sourcemap

Apparel/Garments | On 17th Oct 2018

Sourcemap launches 1st free digital map of apparel units

New York-based software company Sourcemap recently launched the Open...

US apparel industry is already highly tariffed: AAFA

Apparel/Garments | On 17th Oct 2018

US apparel industry is already highly tariffed: AAFA

The American apparel and footwear industry is highly tariffed, as per ...

Interviews View All

Jurgen Gauger, Spreadshirt

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Erik Sy,

Erik Sy

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

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search