Benetton predicts performance boost in 2008
- Published: 22 February 2008 10:54
- Author: Marino Donati
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- Last Updated: 22 February 2008 11:05
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Italian fashion group Benetton is predicting a 7% rise in profits this year, after sales rose 9% to €2.08 billion (£1.56bn) for the year end 2007.
Net profits for the period were up 16% to €145m (£109.3m)
The company said that expanded collections had pushed up sales, with menswear performing particularly well and now accounting for 20% of total sales.
Kidswear sales were up 15%.
EBITDA, at the group which runs the Benetton and Sisley chains, was up 35% to €243m (£183.3m)
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