219
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
By
Reuters
Published
Aug 29, 2008
Reading time
2 minutes
Download
Download the article
Print
Text size

Benetton's H1 profit flat, sees 6% year sales rise

By
Reuters
Published
Aug 29, 2008

MILAN, Aug 29 (Reuters) - Italian clothing retailer Benetton Group SpA said on Friday sales growth this year would be around 6 percent, the low end of medium-term goals, after reporting a 5.1 percent rise in turnover in the first half.


www.benetton.com

Benetton, best known for its colourful jumpers, said in a statement it still expected growth in earnings before interest, tax, depreciation and amortisation (EBITDA) of at least 7 percent this year, in line with a forecast made in May.

Its medium-term target for sales growth is 6-8 percent.

First-half net profit edged up to 72 million euros ($106.1 million) from 70 million.

The rise in first-half revenue came from shifting sales towards higher-value products and developing business in countries with high growth potential, Benetton said.

In addition, the euro's appreciation against, in particular, the dollar, the British pound and the South Korean won, helped.

Benetton said there were still uncertainties for the full year, stemming from "the unfavourable economic situation and the risks introduced by the increase in raw material prices and the acceleration of inflation in Asian countries".

Retailers worldwide are suffering as the global economy slows.

Benetton gets the bulk of its sales from Italy, where growth is virtually at a standstill, and the rest of western Europe.

In an effort to reduce its dependence on these markets, it is expanding in five key areas -- India, Turkey, the former Soviet Union, Latin America and China.

Shares in Benetton, which competes against Hennes & Mauritz and Inditex's Zara, were down 0.19 percent at 7.185 euros by 1205 GMT, when the DJ Stoxx European retail sector index was up 1.34 percent. (Reporting by Jo Winterbottom; Editing by Greg Mahlich)

© Thomson Reuters 2024 All rights reserved.