×
92 152
Fashion Jobs
NIKE
Marketing Director, Women's, Nike.Com & Nike App (Asia Pacific Latin America, Consumer Direct Marketing)
Permanent · Beaverton
NIKE
North America Sports Marketing Director of College Basketball
Permanent · Beaverton
NIKE
Transformation & Organizational Strategy Manager
Permanent · Beaverton
NIKE
Manager, Service And Operations Portfolio
Permanent · Beaverton
NIKE
Director, Digital Merchandising & Planning Analytics, North America
Permanent · Beaverton
ROSS
Store Protection Specialist
Permanent · Reading
ROSS
Store Protection Specialist
Permanent · Raleigh
PRIMARK
p&c Area Manager- Mid-Atlantic/Southeast
Permanent · BOSTON
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time: Fashion Valley
Permanent · SAN DIEGO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time, Roosevelt Field
Permanent · Garden City
ABERCROMBIE AND FITCH CO.
Vice President, Enterprise Systems (Remote)
Permanent · Columbus
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Palisades
Permanent · West Nyack
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · SAN ANTONIO
URBN
Anthropologie Senior Design Director
Permanent · PHILADELPHIA
URBN
Anthropologie Visual Merchandising Manager
Permanent · PALM DESERT
ADIDAS
Senior Manager Human Resources - dc Operations
Permanent · WILKES-BARRE
GAP INC.
Asset Protection Service Representative - Gap Downtown Crossing
Permanent · Boston
NORDSTROM
Asset Protection - Agent - Cascade Plaza Rack
Permanent · Beaverton
NORDSTROM
Asset Protection - Agent - The Oasis at Sawgrass Mills Rack
Permanent · Sunrise
NORDSTROM
Asset Protection - Agent - Tacoma Mall
Permanent · Tacoma
NORDSTROM
Asset Protection - Agent - City Creek Center
Permanent · Salt Lake City
Published
Apr 29, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

BasicNet sees net profit soar in Q1

Published
Apr 29, 2015

BasicNet has started off 2015 with a bang. In the first three months of the year, the Turin-based group, whose brand portfolio includes Kappa, Robe di Kappa, Superga, K-Way, Lanzera, AB Besson, Jesus Jeans and Sabelt, saw its net profit jump 39.5% from 5.4 million euros on March 31, 2014 to 7.6 million one year later. Its Ebit, meanwhile, increased from 8.7 million to 10.6 million euros over the same period, the company announced in a statement.

Superga (here: its Jumbo model) saw its sales jump by 67% in Q1 2015 - (Photo: superga.com)


The group's business, which has been developed through international licensing agreements for the production and marketing of its brands, has also grown. Total sales generated by BasicNet’s licensees worldwide rose by 24.78% in the first three months of the year, from 116.6 million euros one year earlier to 145 million on March 31, 2015. 

The group benefited in particular from the appreciation of the dollar against the euro, although growth on a comparable basis (+13.3%) demonstrated significant commercial development, said the company. 

Sales in non-European countries soared by 45%, while in Europe, they rose by 15.7%, added BasicNet, which highlights the intense international expansion of the group's brands. This has been evidenced, in particular, by the lightning-fast progress of Superga and K-Way, whose sales in the first three months of the year rose respectively by 67% and 33%. 

Consolidated sales, generated mostly in Italy, amounted to 38.8 million euros in Q1 2015, growing by 11% compared to the same period of 2014. As of March 31, 2015, BasicNet had 257 group brand stores in Italy. 

In February, the company concluded a partnership agreement with FCA (Fiat Chrysler Automobiles) for the creation of Visibag, a product resulting from the union of Fiat Panda and K-Way. 

The group’s financial debt was reduced to 42.9 million euros as of March 31, 2015 as compared to 52 million one year earlier.

€1 = $1.10/£0.71

Copyright © 2022 FashionNetwork.com All rights reserved.