The improved net financial position of 377 million euro, versus 477 million euro at March 31, 2005, was achieved in the context of growth in operating investments and an improvement in working capital.
The results of the first quarter make it possible to confirm the previously comunicated guidance for 2006; an increase in consolidated revenues at least equal to that in 2005, an EBIT of around 9.5 percent-10 percent of consolidated revenues and net income in the region of 6.5 percent.
Benetton Group is present in 120 countries around the world. Its core business is clothing: a group with a strong Italian character whose style, quality and passion are clearly seen in its brands, the casual United Colors of Benetton, fashion oriented Sisley, Playlife leisurewear and Killer Loop streetwear.
The Group produces around 115 million garments every year. Its retail network of 5,000 contemporary stores around the world, offers high quality customer services and generates a total turnover of approximately 1.8 billion euro.
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