Footwear Co Brantano's operating result up 5.6% in Q3

28 Nov '05

3 min read

The financial result during the first 9 months of 2005 was € -1.7 million or –0.7% of turnover. The improvement compared with last year (€ -2.7 million) is the result of a further reduction in the Group's net financial debt.

Result on discontinued activities
The total costs relating to the halting of Danish activities amount to € 3.1 million and are fully incorporated in the first quarter of 2005. In 2004 the result on discontinued activities covered the net impact from the extraordinary write-down on goodwill and store fixtures in the Netherlands.

Development in the number of stores
Five stores were opened in the United Kingdom in the first nine months of 2005 and two were closed. Five stores were opened in the Middle East. As of 30.09.05 Brantano had 125 stores in Belgium (including Luxembourg) and 140 shops in the UK, bringing the total number of stores, including the 9 franchises in the Middle East, to 274.

Belgium based footwear firm Brantano footwear is the most dynamic shoe retailer in Europe.

BRANTANO GROUP

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