FOLLI - FOLLIE
Full Year 2006 Financial Results according to the International Financial Reporting Standards (IFRS)
Folli Follie presents full year figures 2006 by fully consolidating Hellenic Duty Free Shops for an eight-month period. Due to the consolidation, comparisons on a quarterly or yearly basis cannot be made.
Consolidated Sales for the period January 1st, to December 31st 2006 compared to same period last year increased by 117,4% and reached Euro 484,4 million vs Euro 222,8 million.
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) reaching Euro 121,2 million from Euro 67,5 million, an increase of 79,5% and Earnings Before Taxes was Euro 106,0 million compared to Euro 70,0 million (+51,4%).
Finally, Net Profit after Taxes amounted to Euro 81,7 million from Euro 56,6 million, representing an increase of 44,3%. Net earnings after taxes and minorities reached Euro 65,2 million, increasing by 17,7% compared to Euro 55,4 million the year before.
The profits per share reached 1,98 Euro from 1,68 Euro increasing by 17,8%.
It should be noted that the figures issued by the Folli Follie Group are not comparable to previous releases, as Hellenic Duty Free Shops have been fully consolidated since May 2006.
With regard to Folli Follie S.A. stand alone figures (based on DFS equity method), sales amount to Euro 247,8 million from Euro 222,8 million, which represents an increase of 11,2% in comparison to the same period in 2005.
At the same time Profit after Taxes increased by 16% reaching Euro 65,7 million compared to Euro 56,6 million in 2005. Net earnings after taxes and minorities reached Euro 65,7 million, increasing by 18,6% compared to Euro 55,4 million the year before.
In an analysis of Folli Follie''s total sales on a stand-alone basis and by looking at each region, Japan accounted for 21%, the rest of Asia 43%, Europe 21% and Travel Retail operations reached 15%.
According to the sales per product category, jewellery account for 61% of sales, watches account for 33% and accessories account for 6%.
Folli Follie is a Greek company which designs, manufactures and distributes jewellery, watches and fashion accessories under the Folli Follie brand. Nowadays, Folli Follie is active in 24 countries, has more than 330 points of sale, and continues to develop new strategically important markets around the world while strengthening its presence in existing ones.
Consolidated Sales for the period January 1st, to December 31st 2006 compared to same period last year increased by 117,4% and reached Euro 484,4 million vs Euro 222,8 million.
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) reaching Euro 121,2 million from Euro 67,5 million, an increase of 79,5% and Earnings Before Taxes was Euro 106,0 million compared to Euro 70,0 million (+51,4%).
Finally, Net Profit after Taxes amounted to Euro 81,7 million from Euro 56,6 million, representing an increase of 44,3%. Net earnings after taxes and minorities reached Euro 65,2 million, increasing by 17,7% compared to Euro 55,4 million the year before.
The profits per share reached 1,98 Euro from 1,68 Euro increasing by 17,8%.
It should be noted that the figures issued by the Folli Follie Group are not comparable to previous releases, as Hellenic Duty Free Shops have been fully consolidated since May 2006.
With regard to Folli Follie S.A. stand alone figures (based on DFS equity method), sales amount to Euro 247,8 million from Euro 222,8 million, which represents an increase of 11,2% in comparison to the same period in 2005.
At the same time Profit after Taxes increased by 16% reaching Euro 65,7 million compared to Euro 56,6 million in 2005. Net earnings after taxes and minorities reached Euro 65,7 million, increasing by 18,6% compared to Euro 55,4 million the year before.
In an analysis of Folli Follie''s total sales on a stand-alone basis and by looking at each region, Japan accounted for 21%, the rest of Asia 43%, Europe 21% and Travel Retail operations reached 15%.
According to the sales per product category, jewellery account for 61% of sales, watches account for 33% and accessories account for 6%.
Folli Follie is a Greek company which designs, manufactures and distributes jewellery, watches and fashion accessories under the Folli Follie brand. Nowadays, Folli Follie is active in 24 countries, has more than 330 points of sale, and continues to develop new strategically important markets around the world while strengthening its presence in existing ones.