The Board of Directors of Mariella Burani Fashion Group approved the financial results for the third quarter of 2006 which reflect for the nine month period:
Consolidated Revenues of € 539 million (+51.1%) vs. € 356,6 million of the first 9 months of 2005. The Group revenues, net of proceeds of Antichi Pellettieri IPO, increased to € 452 million (+26.8%) vs. € 356.6 million.
The IPO of the Group's leather goods subsidiary, Antichi Pellettieri SpA (June 7, 2006) significantly influenced both revenue and profit indicators of the period.
Net sales growth was attributable to both, organic growth from: - the strong performance of the Leather goods division (Antichi Pellettieri), driven primarily by the Braccialini, Baldinini, and Francesco Biasia brands; - export markets, particularly “Emerging” luxury markets that reflect an average growth of 40,5% and today generate the 24.9% of Group revenues; - the strong performance of the Group's retail network, driven by the 37,8% growth realised by Stores of the Leather Goods Division;
and external growth from the first time consolidation of Coccinelle SpA, an Italian handbag designer, manufacturer, and distributor holding a leading market position in the European accessible luxury goods market with its own brand Coccinelle and with licensed brand Miss Sixty and from the capital gain obtained by the IPO of Antichi Pellettieri.
Ebitda, reached € 107.3 million for the nine month period (+155.6%) versus € 42 million for the same period of 2005.
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