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Mariella Burani declares total revenue growth of 11.7%
19
Feb '08
The Board of Directors of Mariella Burani Fashion Group approved the financial results for the fourth quarter ended December 31st, 2007 which reflect for the full year:
•Consolidated revenues of € 701,3 million from € 672,6 million for 2006; net of extraordinary items, the Group realised total revenue growth of 11,7% and organic revenue growth of +16,5%.
•EBITDA of € 108,3 million from € 125,1 million for 2006; net of extraordinary items, the Group realised total Ebitda growth of 16,9%.
•EBIT of € 78,3 million from € 92,6 million for 2006; net of extraordinary items, the Group realised Ebit growth of 18%.
•Pretax income of € 50,5 million from € 68,8 million for 2006.
•Net Income of € 46 million € 63,3 million for 2006.
•Net financial position (debt) of € 177,5 million, in-line
with Net Debt of € 179,6 million recorded at December 31st, 2006, notwithstanding the significant investments made during the year for the acquisition of the companies of the Fashion Jewellery division, the acquisition of Dadorosa, net of the proceeds from the sale of the multi brand retail division. The net financial position reflects an optimal debt/equity ratio of 0,63.

Financial Highlights 2007:
Consolidated revenues of MBFG for the full year 2007 increased to € 701,3 million compared to € 672,6 million for 2006. Net of extraordinary items, the Group realised revenue growth of 11,7% .

Total Revenues reflect the net impact of the disposal of the multi brand retail division and the acquisition of Valente, Rosato, and Calgaro (fashion jewellery) as well as Dadorosa (Leather Goods) while Organic revenues grew by 16,5% during the period. The total growth was driven primarily by:


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