>>
Home / Knowledge / News / Fashion / Benetton reports Q1 2005 results: To invest over 200mn EUR for new opening & restyling

Benetton reports Q1 2005 results: To invest over 200mn EUR for new opening & restyling

17
May '05
Benetton is a manufacturer of clothing featuring line of casual womenswear, menswear, childrenswear and underwear collections. Benetton announced its report for first quarter 2005.

Board appoints Alessandro Benetton as Deputy Chairman of the company.

IAS/IFRS accounting principles adopted as from consolidated half-year report to June 30, 2005.

Consolidated Revenues 378 Million Euro, Net Income 23 Million Euro

Today's Benetton Group shareholders' meeting, chaired by Luciano Benetton, approved the 2004 financial statements, which closed with consolidated revenues of 1,686 million euro (1,859 million in 2003), increased net income of 123 million euro (108 million in 2003) and an improved net financial position of 431 million euro (468 million in 2003). Distribution of a 0.34 euro per share dividend was approved (0.38 euro in the previous year), payable as from May 26, confirming a pay out ratio of 50 per cent relative to consolidated net income.

The Group is adopting IAS/IFRS accounting principles as from the consolidated half-year report to June 30, 2005. The independent auditors will be given the task of performing a full audit of the balances in the 2004 reconciliation, as required by IFRS 1, and a limited audit of the financial results for the current half-year and the comparative period of 2004, as well as of IAS/IFRS balance sheet values as of June 30, 2005.

The shareholders' meeting also reappointed the Board directors, the mandate of all of whom was expiring, including Giorgio Brunetti, appointed by co-option last March, and it approved the composition of the Board of Statutory Auditors, including Antonio Cortellazzo, who came in to replace Dino Sesani.


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Mohammad Ali Khokon,

Mohammad Ali Khokon

<div>The Bangladesh Textile Mills Association (BTMA) is the national trade ...

Amelia Adey,

Amelia Adey

The KOOKAI Australia and New Zealand story began in 1992 when Parisian...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Payal Singhal, Label - Payal Singhal

Payal Singhal
Label - Payal Singhal

Leading South Asian fashion designer, <b>Payal Singhal </b>known for her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

C;&A Sourcing International Ltd
Tory Burch Hong Kong Ltd
Reiter India Private Limited
Seasalt Limited
IKEA of Sweden AB
Gokaldas Exports Limited
Groz-Beckert East Asia LLP
Aquarelle Clothing Limited
Etam Group Strategy Hong Kong Limited
Lenzing Aktiengesellschaft
Puma
Midas Clothing Limited
Hela Clothing Pvt Ltd
T.T. Limited
Chori Company Limited
Tommy Hilfiger
Phong Phu international JSC (PPJ)
Sportswear Company Spa
NITI Aayog
J ;& P Coats
Bluestem Global Sourcing Limited
John Varvatos
Alison Hayes Romania
Abit
Lacoste (Wanchai)
Esprit Europe Services GmbH
BIANCA
Tchibo GmbH
Permoda(Koaj/Armi/Pronto/Bkul)
Grasim Industries Limited
OVS Hong Kong Sourcing Ltd.
Decathlon
THE BOMBAY DYEING ;& MFG.CO. LTD
Sportmaster Ltd.
Cat Tuong Real Estate Group Joint Stock Company
Brandix Lanka Limited
Babyshop
Vardhman Textile Ltd
The Top Form Brassiere Manufacturing Company Limited
Rosset ;& Cia Limited
TESCO INTERNATIONAL SOURCING LIMITED
Amazon China
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Benetton Group
Vianney Textil Hogar S.A. De C.V.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Rayonese Textile Inc., Division de Culp Inc.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Gloria Jeans
Huntsman (Singapore) Pte Ltd
Truetzschler India Private Limited
G-Star Raw C.V.
SHAHI Exports Pvt Ltd
Page Industries Limited (Bangalore)
Desigual - ABASIC, S.A.
Helly Hansen Far East Ltd
Asos
Gap International Sourcing Limited
International Textile Manufacturers Federation
Sainsbury's Argos Asia Limited
PVH Corporation
Lululemon Athletica Inc
Hirdaramani International Export Private Limited
Maceton Limited
Aramark Uniform ;& Career Apparel, LLC
Lifestyle
IDH – The Sustainable Trade Initiative
Eastman Chemical Company
Lisa S.P.A.
Walmart
Chico’ FAS
Calvin Klein
The LYCRA Company Singapore  Pte. Ltd
Target Corporation (MN)
BIMBA ;& LOLA SL
SYNERGIES HONG KONG LIMITED
Boardriders Asia Sourcing Limited
Varner AS Retail
Green Fibre
Under Armour Global Sourcing Ltd
Restoque S.A.
Gatsby Africa
Guess Europe Sagl,
LC Waikiki
KIABI
KAS Direct Sourcing
Sateri (Jiujiang) Fiber Co.,Ltd
Recron Polyester from Reliance Industries Limited
Alix Partners
H;&M Hennes ;& Mauritz (Far East) Ltd

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search