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Benetton achieves positive results for first nine months

23 Nov '07

2 min read

The Benetton Group Board of Directors, meeting, examined and approved the results for the first nine months.

Analysis of the results confirm growth of all the principal financial indicators, with revenues increasing by 9.6% compared with the same period of last year and exceeding 1,500 million euro.

Margins were also positive; EBIT grew by 21.3%, reaching 166 million euro (137 million euro in the same period of 2006), while EBITDA from ordinary operations reached 226 million euro (+19% compared with the result to September 30 last year) and 15% of sales against 13.9% for the same period of 2006.

Investments in the first nine months of this year were 164 million euro (+40% compared with the same period of 2006) of which more than 55 million euro related to production and technology.

Regarding net income, the first nine months closed with 103 million euro, up by 9% compared with net income to September 30, 2006 which was 94 million euro.

The apparel segment grew by 10.6% in the first nine months on the strength of strategies defined and implemented in the last few months for all brands, taking revenues to 1,401 million euro.

United Colors of Benetton Adult achieved positive results with the new fashion collections and with increasingly segmented offerings for each different category of consumer. The Man collections for example, a priority for 2007, were so successful that Man line sales reached 18% of total brand sales, quickly approaching the 20% medium-term objective.

United Colors of Benetton Children performed well. Diversification of the offer continued for all age ranges, now concentrating on the pre-natal and baby world for small children up to 5 years old. For this segment the Benetton Baby was created, a series of stores offering collections which, in addition to focusing on style, pay particular attention to functionality.

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