EBITDA Profit Margin Rose 50 Basis Points To 18.6%

According to the world clothing and shoe net, Jimmy Choo PLC (CHOO.L) continues to offset the weakness of us department stores through the hot selling in the Asia Pacific region. Revenue and earnings have been double digits before being acquired by Michael Kors Holdings Ltd. (NYSE:KORS).

In the first half of June 30th, Jimmy Choo PLC achieved revenue of 201 million 600 thousand pounds, up 16.5% over the same period last year.

The fixed exchange rate rose by 4.5%, of which Japan and

The growth rate of 11% and 8.2% respectively was recorded. The growth rate of mainland China continued to reach double digits. The largest market EMEA growth rate also increased by 5.9%, compared with that of the Americas, which dropped by 2.7%.

Retail sales in the same store increased by 3.5% in almost all regions.

Fixed exchange rate retail revenue increased by 6.7% to 127 million 100 thousand pounds, wholesale revenue declined by 1.6% annually. The Group expects us department stores to reduce procurement, but the group will improve product sales in the second half of the year by improving logistics links.

The authorized revenue of glasses and perfume products rose by 24.3%.

Men's wear is still the fastest growing category, and now accounts for 9% of the group's business.

Jimmy Choo PLC said that half of the 10 closed stores had been closed so far, and the 8 stores that had been renovated or reset during the period also showed positive results.

By the end of the first half of the year,

The total number of new stores increased to 151 during the period, and 50% of new concept stores accounted for 6.

The medium-term pre tax profits recorded a huge increase of 174.2%, up from 6 million 600 thousand a year ago to 18 million 100 thousand pounds, mainly because the data in the same period last year were dragged down by foreign exchange losses and financial expenses.

The adjusted core profit of EBITDA was 37 million 400 thousand, an annual increase of 19.5%. The adjusted EBITDA profit margin increased by 50 basis points to 18.6%.

Adjusted net profit also increased 22.4% to 17 million 500 thousand pounds over the same period.

Jimmy Choo PLC CEO Pierre Denis expressed "happy" in the earnings report for the group's achievements in the difficult market environment.

Michael Kors Holdings Ltd. announced in July 25th that it bought Jimmy Choo PLC, which was sold by JAB Holding Co. in April this year, at a price of 230 pence, a total of 896 million pounds, or about 1 billion 170 million US dollars, which means that after the failure of pursuing the Kate Choo, the group emulated the biggest competition in the United States.

The example is LVMH Mo tHennessy Louis Vuitton SE (LVMH.PA).

The paction is expected to be completed in the fourth quarter.

However, Patrick Lee Li Dakang, President of Michael Kors Holdings Ltd. Asia Pacific region, said that the company did not participate in the acquisition of Kate Spade Co., because it did not conform to the company's overall luxury strategy.

Jimmy Choo PLC (CHOO.L) edged up 0.2% to 230 pence in early.

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