All Benetton brands peg consolidated revenues at Euro460 million

14 May '07

2 min read

The Benetton Group Board of Directors, meeting examined and approved the consolidated results for the first quarter of 2007.

The key numbers confirm the company's growth objectives both in terms of revenues, +10.5% in the quarter compared with the same period in the previous year, and net income (+11.9% compared with the first quarter of 2006).

Positive signs came from all brands. Benetton adult confirmed the growth rates already seen for past collections, as did the children's collections, including the new Sisley Young children's collections. Acceleration of the Sisley adult line also continued in this quarter due to the new 2007 Spring/Summer offerings.

First positive signs came also from the new positioning of the Playlife brand which has already opened numerous dedicated stores.

Good news also from accessories and licenses sector where, in addition to the good performance of perfumes, it is worth mentioning the positive response of the sales network to the Benetton sight glasses collection “Dress your Face” deserves a mention, on sale now in the best Italian and European optical stores.

Consolidated income statement for 2007 first quarter:
Group net revenues for the first quarter of 2007 were 460 million euro, up 44 million (+10.5%) compared with 416 million in the first quarter of 2006, driven by the apparel segment.

Performance of the revenue to the network managed by partners, positively influenced by the commercial development initiatives, including the increase in margins to the network, and the good reception of the collections by the market;

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