Benetton Q1 profits rise
- Published: 15 May 2008 11:46
- Author: Marino Donati
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- Last Updated: 16 May 2008 14:53
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Italian fashion chain Benetton saw net profits rise 8.6% for the first quarter of the year.
Profits after tax at the group were €29 million, up from €27m for the same period of the previous year. Revenues in the first quarter were €465m, up 3.4% from €450m.
The company said that faster delivery schedules for the spring summer collections helped boost sales.
Benetton predicted like-for-like sales increases of between 6% and 8% for the 2008 financial year, with a rise in EBITDA and net income of at least 7%.
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