Mariella Burani Fashion Group records hike in 2006 revenue
15 Feb '07
2 min read
The Board of Directors of Mariella Burani Fashion Group approved the financial results for the fourth quarter of 2006 which reflect for the full year: • CONSOLIDATED REVENUES of € 668,1 million (+38,3%) vs. € 483,1 million of 2005. Group revenues, net of capital gain on the IPO of Antichi Pellettieri, increased by 20,3% 581,2 million vs. € 483,1 million in 2005. • EBITDA of € 124,7 million (+103,0%) vs. € 61,4 million of 2005. • EBIT of € 92,6 million (+117%) vs. € 42,7 million of 2005. • PRETAX INCOME of € 68,7 million (+146,4%) vs. € 27,9 million of 2005.
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.
Financial Highlights - 2006: Consolidated revenues for 2006 increased to € 668,1 million (+38,3%) compared to € 483,1 million of 2005.
Net sales growth was attributable to both, organic growth from: • The strong performance of the Leather goods division (Antichi Pellettieri) that represents 42,9% of Group revenues and realised 28,1% organic growth during the year: the divisional growth was driven primarily by the Baldinini, Francesco Biasia, and Braccialini brands; • “Emerging” luxury markets that generate 24,6% of Group revenues and reflect an average growth of 22,1% in 2006, and the strong performance of Italy (+25%), driven by both the leather goods and apparel divisions, benefiting primarily from growth of the Mariella Burani and Junior collections;
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