Esprit's First Half Profit Is Not Good, Net Run, Plummeting Half.

　 Esprit Holdings Limited SW Global Holdings Limited released its medium-term results on Wednesday. Last month, the net profit in the first half of fiscal 2015 fell by 50.5%, from 95 million Hong Kong dollars in the same period last year to HK $47 million in the first half of fiscal year ended December 31, 2014. The EPS recorded 2 Hong Kong cents in the medium term, 60% lower than the 5 Hong Kong cents in the same period last year.

Esprit Si Jie universal said that as sales space decreased, European abnormal warm weather, China's return agreement and unfavorable exchange rate, the group's revenue in the first half of fiscal year 2015 fell 16.3%, from HK $12 billion 810 million in the same period last year to HK $10 billion 716 million, or 13.2% below the fixed exchange rate, which was also higher than the 10% of the sales area. In the first half of fiscal year, Esprit's gross profit margin was HK $5 billion 407 million, down 14.8% from HK $6 billion 348 million in the same period last year. However, because of streamlining the cost, the gross profit margin increased by 90 basis points to 50.5%.

According to the category of half year finance, Esprit's sales fell by 14.2%, down from HK $5 billion 460 million to HK $4 billion 682 million in the same period last year, down 10.8% at the fixed exchange rate. Men's wear Revenue plunged 19.3%, down from HK $1 billion 963 million in the same period last year to HK $1 billion 585 million, a decline of 16.4% under fixed exchange rate, and other private brand business income fell 18.4%, from HK $2 billion 399 million in the previous year to HK $1 billion 958 million, with a decrease of 15.5% under the fixed exchange rate. According to the brand, Esprit brand revenue fell 16.3%, from HK $9 billion 822 million last year to HK $8 billion 225 million, a decline of 13.1% under the fixed exchange rate, and EDC brand income fell 16.6% to HK $2 billion 491 million, a HK $2 billion 988 million in the same period last year, and a decrease of 13.2% under the fixed exchange rate. By region, the German market revenue fell 16.3% to HK $5 billion 25 million, compared with HK $6 billion 4 million in the same period last year, and the fixed exchange rate decreased by 12.5%. The market now accounts for 46.9% of the group's total turnover. In addition to other European markets, Germany's foreign exchange revenue has fallen from 15.6% to HK $3 billion 994 million, compared with 4 billion 733 million Hong Kong dollars in the same period last year, and 12.2% below the fixed exchange rate. The market now accounts for 36.9% of the group's total turnover, and the Asia Pacific region's income has dropped to 18.1% Hong Kong dollars. Retail revenue fell by 15.8% to HK $6 billion 721 million, while wholesale income fell by 17.1% to HK $3 billion 916 million.

China is the most important region in the Esprit APEC Asia Pacific market. In the first half of fiscal year 2015, the revenue in the first half of fiscal year dropped by 21.6%, at a fixed exchange rate. However, the sales area of the market was 23.1% less than that of the Asia Pacific market, of which retail revenue decreased by 10.2% while wholesale income slumped 51.5%.

Esprit Jos CEO Manuel Mart Nez Guti e rrez Ma Hao Si said at the performance conference that the group was still in transition, and said that it had made good progress and positive improvement. However, it acknowledged that the transformation took some time, but the company had enough cash flow to support it. Esprit Si Jie world is launching fast clothing to shorten the shelf time. Jos e Manuel Mart Nez Nez Guti rrez also points out that the Group continues its customs clearance strategy and expects lower retail digits in the second half of fiscal year.

As for the second half of the fiscal year, Esprit said that the outlook is still uncertain. The retail environment in most markets continues to be difficult and the depreciation of the euro may continue to impact on the group's turnover. In addition, the new vertical model of the group was first implemented in the spring / summer of 2015, which is expected to cause fluctuations in sales, and the profit in the second half of the year is usually not as good as the first half because of seasonal fluctuations.

Esprit Si Jie universal announced that the interim dividend of 1.5 Hong Kong cents, called last year 3 Hong Kong cents plunged 50%.

Wednesday closing Esprit Si Jie universal Share price closed at HK $8.70, down 1.024%.