Net income surges to €12.2 mn at Antichi Pellettieri
20 Apr '07
2 min read
Total revenue growth of +68% reflects the first time consolidation of Coccinelle, acquired on April 13, 2006.
Ebitda increased by 71.9% during 2006 to € 34.9 million, primarily driven by increased operating leverage, economies of scale with further reductions in raw material and third party production costs, and improved sales mix with: • The handbag and footwear division representing 92.6 % of total revenues, • Export markets generating 60% of total revenues, including emerging luxury markets representing 37.7% of total sales, and • Direct distribution channels generating 59.5% of total revenues, including Dos and franchisees generating 17.1% of total sales.
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