×
156
Fashion Jobs
H&M
PR & Communication Manager Nordics
Permanent · STOCKHOLM
H&M
Corporate Administrator
Permanent · STOCKHOLM
L'OREAL GROUP
Key Account Manager - Consumer Products Division - Stockholm
Permanent · Stockholm
ZALANDO
Head of Product Design, Connected Network (All Genders) (Stockholm)
Permanent · STOCKHOLM
H&M
Director, Area Manager - Site Tech Operations
Permanent · STOCKHOLM
H&M
dc HR Specialist – Employee Relations
Permanent · ESKILSTUNA
NAKD
Garment Technician
Permanent · GOTHENBURG
H&M
Construction Project Manager
Permanent · STOCKHOLM
DANIEL WELLINGTON
CRM Manager
Permanent · STOCKHOLM
NAKD
Head of Buying
Permanent · GOTHENBURG
ARKET
Operations Manager Café
Permanent · STOCKHOLM
H&M
Section Head/Buying Manager For h&m Beauty-External Brands
Permanent · STOCKHOLM
DANIEL WELLINGTON
Global Marketing Manager
Permanent · STOCKHOLM
NAKD
Supply & Demand Planner
Permanent · GOTHENBURG
NAKD
Purchasing Controller
Permanent · GOTHENBURG
ZALANDO
Principal Product Manager - Data Science (All Genders)
Permanent · STOCKHOLM
H&M
Art Director to h&m Studios
Permanent · STOCKHOLM
NAKD
Fashion Art Director
Permanent · GOTHENBURG
L'OREAL GROUP
Nordic E-Commerce Key Account Manager - l’Oréal Dermatological Beauty Division (Ldb) – Stockholm or Copenhagen
Permanent · STOCKHOLM
HERMÈS BENELUX-NORDICS
Beauty & Fragrance Ambassador Stockholm
Permanent · STOCKHOLM
ESPRIT
Visual Merchandiser/Sales Associate Väla
Permanent · Ödåkra
LEVI'S
Supervisor - New Store (Opening Soon) - nk Women´s
Permanent · Stockholm
By
Reuters
Published
Aug 7, 2008
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Damiani adjusted net down 40 percent in April-June

By
Reuters
Published
Aug 7, 2008

MILAN, Aug 7 (Reuters) - Italian jeweller Damiani posted a 40.4 percent drop in adjusted net profit in the first quarter of the financial year that started on April 1 as revenues fell.



Sales hit 39.2 million euros ($60.62 million), down 8.5 percent from a year-earlier figure adjusted to exclude a one- off gain of 7.6 million euros from real estate operations.

At constant exchange rates, sales were down 8.1 percent, Damiani said in a statement on Thursday.

The high-end jeweller said sales in Japan rose 18.5 percent, while falling 16.4 percent in Italy, where the company earns about two-thirds of its revenues.

A breakdown of the revenue number showed retail sales were up 16.6 percent to 2.5 million euros, while wholesale sales fell 12.9 percent.

"The growth at the retail level is due both to the very good performance of shops directly managed ... and to the positive contribution from new shops," the company said.

Damiani had 56 monobrand shops at the end of June after it opened a Damiani boutique in Los Angeles in the quarter.

Adjusted earnings before interest tax, depreciation and amortisation fell 43.5 percent to 4.5 million euros, partly due to investments that boosted administrative and distribution costs.

Damiani said it managed to keep the cost of materials basically stable in relation to sales, despite the sharp increase in gold prices. (Reporting by Valentina Za; Editing by Andre Grenon)

© Thomson Reuters 2023 All rights reserved.