Benetton net income to rise by 7% in 2008

27 Feb '08

1 min read

Benetton has released 2007 results with major growth and prepares to double the trend in 2008 with an expected increase in sales of between 6 and 8% on a constant scope of consolidation basis, in addition to an increase of at least 7% in EBITDA, EBIT, and net income, which should top 155 million.

The investment strategy continues with CAPEX of over 500 million in the two-year period 2007-2008, of which 236 million realized last year and over 250 million budgeted for 2008, when its indebtedness should climb to about 650 million, or about 1.8 times its EBITDA.

They also envisage redefinition of the organization to give a bigger push to growth on mature markets and accelerate the development on emerging ones Benetton closes 2007 with major growth in its consolidated earnings and prepares to double the trend during the current year, which should show growth in sales of between 6 and 8% on a constant scope of consolidation basis, together with an increase of at least 7% in EBITDA, EBIT, and net income, which should thus top 155 million.

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