News Flash

Valentino's womenswear collections register higher growth in Q3

10 Nov '06

3 min read

The Board of Directors of Valentino Fashion Group S.p.A. approved The Report on the third quarter and the first nine months of 2006.

The board of directors approved the report on 2006 third quarter:

Consolidated sales: +13.8 percent net income +18.3 percent & first nine months of 2006:
Consolidated sales: €1,575.4 million (+13.8 percent vs 2005 pro-forma €1,384.2 million, EBIT: €227.4 million (+17.2 percent vs 2005 pro-forma €194.0 million), Net income: €156.2 million (+18.3 percent vs 2005 pro-forma €132.0 million).

Group net income: €91.9 million (+21.1 percent vs 2005 pro-forma €75.9 million), Net financial debt at 30 September 2006: €392.9 million (vs €358.7 million at 30 September 2006).

Third Quarter of 2006:
Consolidated sales: €649.6 million (+13.8 percent vs 2005 €570.8 million), EBIT: €133.9 million (+16.1 percent vs 2005 €115.3 million), Net income: €95.5 million (+11.6 percent vs 2005 €85.6 million).

First nine months of 2006
In the first nine months of the year net consolidated sales amounted to €1,575.4 million, increased by 13.8 percent. The increase was the result of a positive trend of all brands, which reported double-digit growth rates.

On a geographical basis Group sales showed growth on all markets, particularly in Europe (+13.6 percent ) and in the United States (+18 percent ).

More Valentino Fashion Group News... More Fashion News - Italy...