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).


Facebook/Kappa

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%.

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.

Translated by Nicola Mira

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