Business results
|
In EUR million |
2007 |
2006 |
Change |
|
Revenue |
105.3 |
27.8 |
+478,78% |
|
EBITDA |
23.0 |
5.8 |
+496,55% |
|
EBIT |
20.6 |
5.1 |
+503,92% |
|
Net profit |
11.9 |
2.9 |
+510,34% |
Following the acquisition in 2006, the comparable results for 2006 comprise former PTA Grupp AS operations for the whole 2006 and consolidated AS Silvano Fashion Group results for the 4th quarter 2006.
SALES
Sales by business segments
|
In EUR million |
2007 |
2006 |
Change |
|
Women’s apparel |
10.0 |
7.1 |
+40.8% |
|
Lingerie |
86.1 |
17.3 |
+397.7% |
|
Subcontracting services and other sales |
2.5 |
2.6 |
–3.8% |
|
Total |
98.6 |
27.0 |
+265.2% |
Sales by markets, 2007
Retail operations
Total retail sales of the Group in 2007 amounted to EUR 17.9 million, representing a 2.2-fold increase on 2006.
Women’s apparel was retailed in Estonia, Latvia, Lithuania, Russia and Ukraine. At the end of 2007, the Group operated 30 women’s apparel stores with a total sales area of 5,741 square metres (up from 2,688 square metres in 2006).
Lingerie was retailed in Russia, Belarus, Latvia, Lithuania, Ukraine and Poland. At the end of 2007, the Group operated 85 lingerie stores with a total area of 6,713 square metres.
The number of stores at 31 December:
|
|
2007 |
2006 |
|
Estonia |
8 |
7 |
|
Latvia |
6 |
6 |
|
Poland |
10 |
7 |
|
Belarus |
23 |
20 |
|
Russia |
44 |
15 |
|
Lithuania |
20 |
– |
|
Ukraine |
4 |
– |
|
Total stores |
115 |
55 |
|
Total sales area, sq m |
12,454 |
6,997 |
Wholesale
In 2007, wholesale amounted to EUR 78.2 million, representing 79.3% of the Group’s total revenue. The main wholesale regions were Russia, Ukraine, the Baltic states and Belarus for lingerie, and Finland and the Baltic states for women’s apparel.
Investment
In 2007, the Group’s investments totalled EUR 9.6 million. A total of EUR 2.8 million was invested in retail operations, while other investments were made in plant and facilities to maintain effective production. Investments in IT development totalled EUR 0.6 million.
Personnel
At the end of December 2007, the Group employed a staff of 3,581, including 552 in retail and 2,243 in production. The rest are employed in wholesale, administration and support operations. The average number of employees in 2007 was 3,450.