The Board of Directors of Mariella Burani Fashion Group reviewed and approved the consolidated financial statements of the Group for the year ended December 31, 2006 to be presented for shareholder approval at the General Shareholders meeting scheduled for April 30, 2007 (or May 2, 2007) which reflect consolidated:
• Revenues of € 672,6 million (+39,2%) vs. € 483,1 million of 2005. Group revenues, net of capital gain on the IPO of Antichi Pellettieri, increased by 21,2% to €585,7 million.
• EBITDA of € 125,1 million (+103,7%) from € 61,4 million of 2005.
• EBIT of € 92,6 million (+117,1%) from € 42,7 million of 2005.
• PRETAX INCOME of € 68,8 million (+146,6%) from € 27,9 million of 2005.
• NET INCOME of € 63,3 million (+183,5%) from € 22,3 million of 2005.
2006 Consolidated revenues increased to € 672,6 million (+39,2%) compared to € 483,1 million of 2005.
Net sales growth was attributable to organic growth of 16,1% driven by:
• the strong performance of the Leather goods division (Antichi Pellettieri) that represents 28,1% of Group organic growth during the year; the divisional growth was driven primarily by the Baldinini, Francesco Biasia, and Braccialini brands;
• “Emerging” luxury markets that reflect an average growth of 22,1% in 2006;
• Increased revenues from Direct distribution channels (+22%). Direct distribution channels include direct wholesale customers as well as the Group’s retail network.
Ebitda, reached € 125,1 million for the year (+103,7%) versus € 61,4 million from 2005, reflecting an Ebitda margin of 18,6%. Ebitda growth is mainly attributable to the net capital gain realised on the Antichi Pellettieri IPO, to the continuous improvement in the Group’s sales mix, and to increased economies of scale as a result of further integration of recently acquired companies.
• Revenues of € 672,6 million (+39,2%) vs. € 483,1 million of 2005. Group revenues, net of capital gain on the IPO of Antichi Pellettieri, increased by 21,2% to €585,7 million.
• EBITDA of € 125,1 million (+103,7%) from € 61,4 million of 2005.
• EBIT of € 92,6 million (+117,1%) from € 42,7 million of 2005.
• PRETAX INCOME of € 68,8 million (+146,6%) from € 27,9 million of 2005.
• NET INCOME of € 63,3 million (+183,5%) from € 22,3 million of 2005.
2006 Consolidated revenues increased to € 672,6 million (+39,2%) compared to € 483,1 million of 2005.
Net sales growth was attributable to organic growth of 16,1% driven by:
• the strong performance of the Leather goods division (Antichi Pellettieri) that represents 28,1% of Group organic growth during the year; the divisional growth was driven primarily by the Baldinini, Francesco Biasia, and Braccialini brands;
• “Emerging” luxury markets that reflect an average growth of 22,1% in 2006;
• Increased revenues from Direct distribution channels (+22%). Direct distribution channels include direct wholesale customers as well as the Group’s retail network.
Ebitda, reached € 125,1 million for the year (+103,7%) versus € 61,4 million from 2005, reflecting an Ebitda margin of 18,6%. Ebitda growth is mainly attributable to the net capital gain realised on the Antichi Pellettieri IPO, to the continuous improvement in the Group’s sales mix, and to increased economies of scale as a result of further integration of recently acquired companies.
