Private fashion label collections grow at MBFG for Q4, 2005
27 Feb '06
4 min read
- Further consolidation of the companies acquired over the past years,
- Gross margin improvements in the leather goods division,
- Continued development of synergies within the Group's companies, including the production of private label apparel and leather goods collections for Don Gil, Bernies, and Revedi.
Revenues generated from the Group's own brands increasing by 12.8 percent to represent 91.4 percent of 2005 consolidated revenues (vs 90.2 percent in 2004).
- Revenues generated from direct distribution channels (including DOS, franchisees, and wholesale customers acquiring directly from the Group's showrooms) increasing by 11.6 percent to represent 72 percent of 2005 consolidated revenues (vs. 71.9 percent of 2004 consolidated revenues).
- Revenues generated from export markets increased by 14.7 percent to represent 70 percent of the Group's 2005 consolidated revenues (vs. 67.9 percent in 2004).
Ebit increased by 44.5 percent to € 41.9 million for the year from € 29 million of 2004.
Pretax Earnings increased by 67.4 percent, to € 27.1 million for the year from € 16.2 million of 2004.
Net Financial Position Net Debt at December 31, 2005 of € 169.3 million, reflecting and debt/equity ratio of 0.69 notwithstanding significant investments made during the year in strategic acquisitions, store openings, and the acquisition of minority interests.
2005 proved, once again, to be very dynamic for the Group with notable strategic and operating highlights including, as anticipated in the press release issued on February 6, 2006:
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
