Italian sportswear group BasicNet posts 12.3% revenue rise in first three quarters

Italian sportswear group BasicNet, owner among others of the Robe di Kappa, Superga and K-Way brands, has closed the first nine months of 2018 with aggregate sales, including those of its worldwide licensees, of over €633 million (+11.1% at current exchange rates, +14.3% at constant exchange rates) and a consolidated group revenue of €152 million (+12.3% at current exchange rates, +12.5% at constant exchange rates).

The group posted positive performances in all its regions: Europe (+11.2%), Asia and Oceania (+11%), the Americas (+8%) and the Middle East and Africa, back on the growth track with +9.7%.

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BasicNet forecast the positive trend will be confirmed in the fourth quarter 2018 too. The group's results were approved by the board of directors, chaired by President Marco Boglione.