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Benetton's apparel sales to 3rd parties amount to Euro1267mn

14 Nov '06

3 min read

Margins were primarily influenced by policies implemented by the Group to stimulate development of the network and increase margins to the commercial partners.

EBIT was 137 million euro, compared with 138 million euro in the first nine months of 2005, representing 10.0 percent of revenues, against 10.7 percent in the comparative period, maintaining the ratio of general and operating expenses to revenues almost unchanged.

Net income attributable to the Parent Company was 94 million euro compared with 89 million euro for the first nine months of 2005 (with percentage of revenues unchanged at 6.9 percent).

Group shareholders' equity at September 30, 2006, amounted to 1,303 million euro, against 1,237 million euro at September 30, 2005 (and 1,262 million at December 31, 2005).

The net financial position was 452 million euro, against 565 million euro at September 30, 2005 (and 351 million at December 31, 2005), due to improved working capital management, resulting from commercial policies adopted and in spite of higher operating investments.

The significant increase in volumes allow the forecast of an increase of around 8 percent in 2006 consolidated revenues.

The continued search for production and commercial efficiency makes it possible to forecast EBIT of around 10 percent of consolidated revenues and net income in the region of 6.5-7 percent of consolidated revenues.

Benetton Group

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