Versace Takes The First Step In IPO

Milan fashion luxury goods company Gianni Versace S.p.A. reported the latest financial results. Last year, global profits continued to grow, with net profit growth of 27%.

The company revealed that they were in line with the industry's listed companies and accepted IAS, making the first step in the initial public offering (IPO).

In 2014, Versace's net profit amounted to 26 million 300 thousand euros, or 35 million US dollars, compared with 2013, the net profit was 20 million 700 thousand euros, or 27 million 300 thousand US dollars.

Earnings before interest, taxes, depreciation and amortization amounted to 676 million euros, or US $900 million, compared with 61 million 600 thousand euros last year, or 81 million 300 thousand US dollars, an increase of 9.8%.

Under its wholesale and

In terms of global income, total revenue rose to 548 million 700 thousand euros, or 729 million 700 thousand US dollars, an increase of 16.9%, compared with 2013, with a total income of 469 million 300 thousand euros, or 619 million 400 thousand US dollars.

It is the average exchange rate earned over a period of time.

CEO

The good performance of last year has benefited from the "difficult international luxury market environment" and can still extract important brand growth opportunities.

In particular, he pointed out that the retail expansion of Versace, such as last year, launched a 20% share purchase plan for Blackstone Group.

"Looking ahead, the 2015 quarter's revenue reached our expectations.

We continue to look forward to two digit growth. "

Ferraris also added that retail development and sub licensing Versus maintained a "basic priority" with the group's online stores.

Related links:

Calvin Klein Calvin clay, Tommy Hilfiger and Levi 's Levi's and other brands of clothing production distributors G-III Apparel Group Ltd. (NASDAQ:GIII) during the holiday season sales continued strong, driving its 2015 fiscal year fourth quarter net profit rose 70.2%.

In the four quarter ended January 31, 2015, the net profit of G-III Apparel Group Ltd. increased to US $22 million 220 thousand from US $13 million 55 thousand in the same period last year, and the diluted earnings per share rose to US $0.96 from US $0.62.

Quarterly revenue was $514 million 300 thousand, less than $528 million of the market forecast, but increased by 8.8% compared with the previous year's 472 million 800 thousand US dollars, mainly due to the 2013 PVH Corp. (NYSE:PVH) acquisition of G.H. Bass & Co., as well as the excellent performance of wholesale and retail channels, of which retail channel sales increased by 15.4% on a year-on-year basis.

Gross margin increased slightly by 20 basis points to 35.7%.

In the 2015 fiscal year, the group achieved a net profit of US $110 million 400 thousand, an increase of 42.7% over the 77 million 360 thousand US dollars in fiscal year 2014, and the diluted earnings per share rose from 3.71 US dollars to US $4.97, with a total income of 2 billion 116 million 900 thousand US dollars, an increase of 23.2%% over the previous year of 1 billion 718 million 200 thousand US dollars.

The Group expects revenue to reach US $2 billion 370 million in the current fiscal year 2016, with a diluted earnings of $5.05-5.25 per share, while the market expects us $2 billion 340 million and US $5.16 respectively.

In the first quarter, the group expected revenue of $406 million, and the diluted earnings per share would be between us $0.05-0.15 and US $405 million and $0.14.

G-III Apparel Group Ltd. (NASDAQ:GIII) closed at $112.92 on Tuesday, a slight increase of 0.08%, and its stock rose 50% in the past 12 months with strong business support.