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Fashion group Valentino's operating result grow in Q3

14 Nov '05

4 min read

Profit In the third quarter of 2005:
- consolidated net profit, including minority shareholders, amounted to €85.6 million, with a 26 percent increase from €67.8 million in the third quarter of 2004;
- Group's net profit was €52,0 million (2004 third quarter: €40.6 million).

In the third quarter of the year the Group's free cash flow was €63.2 million (€15.9 million in the third quarter of 2004).

January / September 2005 - Pro-Forma Figures
Net consolidated sales in the first nine months of the year were €1,384.2 million, increased by 11 percent from €1,244 million in the same period of 2004.

The rise was mainly due to the positive trend of sales at Hugo Boss and Valentino, which posted double-digit growth rates, 12 percent and 20 percent respectively. The Group is still strengthening on the markets showing higher growth rates: America +11%; Asia +31%.

The Group's operating result was up by 12%, to €194,0 million (14 percent on sales), from €172.9 million as at 30th September 2004 (13.9 percent on sales), thanks to the improvement of all brands. Particularly Hugo Boss increased by 16 percent and Valentino by 28 percent.

Pre-tax consolidated profit was €183.8 million as at 30th September 2005, increased by 14 percent from €160.8 million as at 30th September 2004.

As at 30th September 2005:
- net consolidated profit, including minority shareholders, was €132,0 million, with a 24% rise on €106.8 million in the comparable period of 2004;

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