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Mariella Leather Goods performs well in 2007

02
May '08
The Shareholders of Mariella Burani Fashion Group S.p.A. approved the 2007 parent company financial statements.

The 2007 consolidated financial statement shows:
• Consolidated revenues of € 699,6 million vs. € 672,6 million in 2006; net of extraordinary items, the Group realised total revenue growth of 11,4%;
• EBITDA of € 108,9 million vs. € 125,1 million in 2006; net of extraordinary items, the Group realised total Ebitda growth of 18%;
• EBIT of € 81,7 million vs. € 92,6 million in 2006; net of extraordinary items, the Group realised Ebit growth of 23,6%;
• Pretax income of € 53,4 million vs. € 68,7 million in 2006;
• Net Income of € 51 million vs. € 63,3 million in 2006;
• Net financial position (net debt) of € 193,4 million vs. € 179,6 million recorded at December 31st, 2006, not
withstanding the significant investments made during the year for the acquisition of the Fashion Jewellery division companies, 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 0,67.

Consolidated 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).

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 and Francesco Biasia collections;


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