Home / Knowledge / News / Fashion / Optimal performance from Antichi Pellettieri footwear & handbags

Optimal performance from Antichi Pellettieri footwear & handbags

Aug '08
The Board of Directors of Antichi Pellettieri Spa approved the consolidated financial statements for the six months ended June 30, 2008 which reflect:

• Revenues of € 169 million (+ 26.2 %) vs. € 133.9 million in 1H 2007.
• EBITDA of € 23.3 million (+ 20.0%) vs. € 19.5 million in 1H 2007.
• EBIT of € 19.2 million (+ 24.7%) vs. € 15.4 million in 1H 2007.
• Pre-tax income of € 14.6 million (+23.0%) vs. € 11.9 million in 1H 2007.

Financial Highlights – 1h 2008:
Consolidated revenues of € 169 million (+26.2%) compared to € 133.9 million in first half 2007, reflect the consolidation of Dadorosa as well as strong organic revenue growth (+19%), driven primarily by:

• The optimal performance of the footwear and handbags division, driven by the excellent results of Baldinini (+43%) and the continued growth of the Coccinelle and Braccialini handbags and accessories collections;

• Dynamic organic growth in emerging luxury markets (+24%), driven by the optimal performance of Russian and Eastern European markets (+34%), as well as the Middle East (+30%), and the continued growth realised in Italy (+18%), again driven by the Baldinini, Braccialini, and Coccinelle brands.

Ebitda reached € 23.3 million, growing +20.0% compared to the same period in 2007. Ebitda growth is attributable to both, the consolidation of Dadorosa and the strong sales mix that reflects:

• Own brands which generate 85 % of consolidated revenues;
• Direct distribution channels that represent 59 % of consolidated revenues with 22% generated from DOS and Franchisees;
• Export markets that generate 65.0 % of consolidated revenues, with 45% generated from emerging luxury markets.

Ebit increased to € 19.2 million (+24.7%) for the six month period from € 15.4 million in 1H 2007. Pre-tax income of € 14.6 million (+23.0%) from € 11.9 million in the same period of 2007.

Net Financial Position at June 30, 2008 reflected Net Debt of € 107.7 million vs. € 63.5 million at December 31, 2007. The debt/equity ratio remains optimal at 0.63 notwithstanding the fact that the € 118 million of cash generated on August 7, 2008 from the sale of 49% of APBags to 3i has not been recognised.

Strategic and Operating Highlights – 1h 2008:
The 1st Half 2008 has proven extremely dynamic thanks to:
• The acquisition by 3i of 49% of APBags S.p.A., a newly established sub-holding that houses the Group's handbags and accessories companies. The transaction is expected to accelerate the development of APBags in the Chinese and Indian markets (August);

• The acquisition of 100% of Finduck, a company that owns the renowned Mandarina Duck brand, was closed on June 24, 2008. As noted in the auditors' report, the six days of operations of Finduck have not been consolidated in the financials of AP for the six month period ended June 30, 2008 as it was not possible to report only six days of operations according to International Accounting Standards.

Must ReadView All

Rajive Ranjan (left), Managing Director, Techno Design GmbH and Technocian Fashions, with Oliver Hein, COO, s.Oliver Group. Pic: PDS Multinational Fashions Limited

Apparel/Garments | On 2nd Dec 2021

PDSMFL (BSE:538730) to source for s.Oliver from India, Sri Lanka

India-based PDS Multinational Fashions Limited (listed on Bombay...

Pic: Sergejsbelovs | Dreamstime.com

Apparel/Garments | On 4th Dec 2021

USTR, AAFA to promote greater near-shoring of apparel production

The office of the United States Trade Representative (USTR) has...

Pic: Yilmaz Savas Kandag | Dreamstime.com

Textiles | On 4th Dec 2021

Top priority is to eliminate CAD & foreign debt: Turkey’s new FM

Turkey wants to boost investments, production and exports, and its...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Ian Russell, Pireta

Ian Russell

UK-based Pireta has developed a unique free-form process to add durable,...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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 2021

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

Advanced Search