Net financial liabilities are decreasing At the end of the reporting period, net financial liabilities amounted to EUR 247 million and were 19% below the previous year's figure (September 30, 2010: EUR 304 million). The main reason for the decrease was the marked improvement in consolidated net income.
Forecast for the year as a whole confirmed On the basis of the third quarter's results and positive feedback from retailers, the Managing Board confirmed its targets for 2011. Group sales should rise by 15%-17% on a currency-adjusted basis. This development is driven by the continued expansion of own retail and strong growth in China and the USA. An increase of 25%-30% is forecasted for the operating result.
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