Fashion and luxury goods group Giorgio Armani S.p.A. announces its financial results for the year ended 31 December 2005, which show record revenues & significant increases in profitability powered by the company's aggressive worldwide wholesale & retail expansion programme supporting its unique multi-brand fashion & lifestyle strategy.
Financial Year 2005 - Consolidated Net Revenues increase + 10 percent to a record level of Euro 1,428 million - EBITDA increases + 10 percent to Euro 263 million (18 percent on Consolidated Net Revenues) - EBIT increases + 18 percent to Euro 191 million (13 percent on Consolidated Net Revenues) - Net Financial Position at + Euro 443 million - Capital Investments at Euro 104 million - Direct retail network expands with 41 new stores & 22 renovated stores
Business Higlights Of 2005 Worldwide Retail – Aggressive retail expansion & enhancement programme continues: - Capital investments totalled Euro 104 million of which Euro 36 million was directed to the enhancement of the direct retail network - Worldwide direct store retail expansion programme continued with 41 new store openings including: 8 Giorgio Armani, 2 Armani Collezioni, 13 Emporio Armani, 1 Emporio Armani Accessories, 2 Armani Jeans, 6 A/X Armani Exchange, 5 Armani/Casa - Worldwide renovation programme continued with 22 renovated stores - Fast-track expansion programme into travel retail & duty free marketplace continues
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