Italy Luxury Group Aeffe Lost Profits In The First Half Of The Year

After < p > > after "a href=" http://sjfzxm.com/news/index_x.asp "strategy < /a > reorganization, Italy luxury group Aeffe SpA (AEF.MI) turned into a profit in the first half fiscal year.

In the first half of June 30th, Aeffe SpA (AEF.MI) recorded a net profit of 150 thousand euros, compared with a 3 million 700 thousand euro loss in the same period last year. Operating profit surged to 6 million 200 thousand euros from 1 million euros in the same period last year; core earnings EBITDA increased by 71% to 12 million 500 thousand euros a year.

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During the period P, total revenue was 121 million 100 thousand euros, down 1.5% from 122 million 900 thousand euros in the same period last year, mainly due to the end of the two brand agency agreements of Jean Paul Gaultier and Cacharel, and the drag from Japan's distribution network restructuring. Apart from these factors, income has a 7.1% increase at fixed exchange rate.

The income of garment sector decreased by 3% to 94 million 800 thousand euros, while footwear and leather sector revenue rose 12% to 37 million 700 thousand euros.

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< p > < < a href= > http://sjfzxm.com/news/index_x.asp > > area > /a >, the sales of Italy's domestic market, which accounts for 44% of the total business of the group, has risen by 0.3% to 52 million 900 thousand euros; Europe (except Italy and Russia) has benefited from the recovery of the main market, sales have increased 17.9% to 28 million 400 thousand euros; the US sales have contracted 8.1% to 7 million 100 thousand euros; Japan has lost 68.2% to 3 million 220 thousand euros due to the reorganization of the distribution network, and the growth of the other markets in the world has been promoted by the sales growth of 16% in the Greater China region.

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< p > Aeffe SpA (AEF.MI) chairman Massimo Ferretti pointed out in the earnings report that the performance of the first half financial year reflects the effectiveness of the strategic reorganization plan.

He also disclosed that 2014 orders for the autumn and winter series increased by 10% over the same period last year, which enabled the group to have full confidence in the future commercial development potential.

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"P" and "a href=" http://sjfzxm.com/news/index_x.asp "> group < /a > Marcello Tassinari, general manager of the chief financial officer, said that the group had no plans to expand the portfolio of agency brands for the time being, and aimed at consolidating the existing brands.

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< p > as of June 30th, it has Moschino, Alberta Ferretti, Pollini and other brands, and has net debt of 89 million 900 thousand euros for C e dric Charlier and Emanuel Ungaro by Emanuel agency business, which has been reduced by 97 million euros over the same period last year.

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< p > Aeffe SpA (AEF.MI) reported 1.43 euros on Monday, an increase of 0.77%, up 104% this year, mainly driven by selling rumors in early May.

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