Etam Developpement financial year from 1 January to 31 December 2007.
Net sales for the group in the first half of 2007 stood at €510.7 million, an increase of 10.4% compared with that of the first half for the previous year.
This figure recognizes a negative exchange effect of -€4.5 million linked to the depreciation of China's currency in relation to the euro from one half-year to the other.
Like-for-like, first half revenue rose by 7.6% (+7.7% in France, +4.1% in China and +9.4% for other countries). Gross margin came to €305.7 million, a 10.6% increase from €276.3 million in the first half of 2006.
The gross margin rate came to 59.9%, compared with 59.7% in the first half of 2006, an increase of 0.2 point (-0.6 point in France and +2.3 points in China).
Current operating income was down by 7.4% to €30.1 million, compared with €32.5 million at 30 June 2006, due to a 38% drop in current operating income in China.
Operating income stood at €29.2 million, compared with €31.1 million in the first half of 2006. With regard to the other income statement items: - net financial income was -€3.3 million, compared with -€3.4 million in the first half of 2006; and - income taxes totaled €8.4 million, compared with €8.7 million for the same period in 2006.
Consolidated net income came to €17.5 million, compared with €18.9 million as of 30 June 2006. After taking into account minority interests of €2.2 million, net income attributable to the Group totaled €15.3 million, compared with €14.9 million a year earlier.
marketing@alchempro.com
