Store rent and rental charges in the United Kingdom due to a large number of five-year rent reviews. EBIT for 2006 was negatively influenced by EUR 2.1 million of restructuring costs.
Because Brantano modified its organisation structure to a more centrally steered organisation at the end of 2006 in order to be able to work with greater flexibility, and because the Group has taken the closing costs of some stores into its results.
In accordance with IFRS standards, the 2006 operating results includes EUR 0.85 million of marketing costs incurred at the end of 2006 for the national marketing campaign that will be launched in the United Kingdom in March 2007.
Taking into account these non-recurrent revenues and costs, the Group generated a recurrent EBIT (REBIT) of EUR 9.7 million. Thus the forecasted recurrent EBIT of EUR 8.8 million (or EUR 11 million including EUR 2.2 of non-recurrent revenues realised in the first half of 2006) was reached.
marketing@alchempro.com
