Home / Knowledge / News / Fashion / Outstanding performance of MBFG Leather Goods boutiques in 2007

Outstanding performance of MBFG Leather Goods boutiques in 2007

Apr '08
The Board of Directors of Mariella Burani Fashion Group S.p.A. approved yesterday the Group's 2007 consolidated and parent company financial statements that reflect:

• Consolidated revenues of € 700,3 million vs. € 672,6 million for 2006; net of extraordinary items, the Group realised total revenue growth of 11,5% with an organic growth of 16,3%.
• EBITDA of € 109,5 million vs. € 125,1 million for 2006; net of extraordinary items, the Group realised total Ebitda growth of 18,7%.
• EBIT of € 82,3 million vs. € 92,6 million for 2006; net of extraordinary items, the Group realised Ebit growth of 24,6%.
• Pretax income of € 54 million vs. € 68,8 million of 2006.
• Net Income of € 51 million vs. € 63,3 million of 2006.
• Net financial position (debt) of € 185,9 million, respect to € 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 0,65.

Financial Highlights FY 2007:
Consolidated revenues of MBFG for the full year 2007 increased to € 700,3 million compared to € 672,6 million for 2006.

Net of extraordinary items, the Group realised revenue growth of 11,5% which reflects 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).

Organic revenues grew by 16,3% during the period while total growth was driven primarily by:

• The strong performance of the Leather Goods division (Antichi Pellettieri), driven by Baldinini, Braccialini e Francesco Biasia collections;

• The dynamic growth realised in emerging luxury markets (+36,6%) and the sustained growth in Italy (+14,6%).

• The excellent performance of the boutiques of the Leather Goods division (+21%).

EBITDA reached € 109,5 million compared to € 125,1 million of 2006; net of extraordinary items, the Group realised Ebitda growth of 18,7%.

Improved EBITDA margins are primarily attributable to operating leverage and economies of scale in the Leather Goods division, further rationalisation in the Apparel division and an improved sales mix for the Group.

Must ReadView All

Pic: Shutterstock

Retail | On 1st Dec 2020

British retailer Arcadia enters into administration

UK clothing retail group Arcadia recently entered into administration ...

Pic: Fashion For Good

Textiles | On 1st Dec 2020

Fashion For Good launches Viscose Traceability Project

Fashion for Good, a global initiative to make all fashion good, has...

Pic: European Commission

Textiles | On 1st Dec 2020

Croatian, Belgian, Romanian firms win EUSIC challenge

Snake, a Croatian platform that enables users to wear outfits in...

Interviews View All

Victor Chao, Esmetex

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Jason Remnant,

Jason Remnant

<div>Xaar plc develops digital inkjet technology; it designs and...

Yogesh Kanani,

Yogesh Kanani

Incorporated in 1999, Purani Textiless Private Limited is a leading...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

December 2020

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

Advanced Search