Valentino Or Become The Next Market Value One Billion Brand Group Announced The First Half Year Earnings Report

According to WWD news, Italy clothing brand Valentino has the chance to become the next brand new brand of $one billion in fashion industry.

Recently, Valentino announced its first half performance report.

The company has regularly announced year-end financial results, but this is the first time it has announced six months.

。

In the first half of fiscal year 2015, its sales rose to 478 million euros (about 530 million 600 thousand dollars) from 59% euros (about 412 million 300 thousand U.S. dollars) in the same period last year, up 59%.

Profits before tax depreciation and amortization rose to 87 million 500 thousand euros (about 971 billion US dollars), compared with 46 million 700 thousand euros (about 64 million dollars) in the same period last year.

Among them, 10% growth is related to the foreign exchange rate.

In fact, the company has grown by more than three times, in the first half of 2011.

It is 152 million euros, while the gross profit before tax and depreciation and amortization EBITDA is 9 million 300 thousand euros.

According to the channel, the retail network grew by 22% over the same period last year, which is the fifth consecutive growth year for the company.

The wholesale channel is doing well, "said CEO Stefano Sassi." this is also a successful department. It is very selective.

In order to protect the brand, we will attach great importance to it.

In addition, the situation of out of stock is increasing. "

By category, growth was recorded in all categories and departments.

Accessories accounted for 55% of sales and 40% of garments.

The executive said it all owed to creative director Maria Grazia Chiuri and Pierpaolo Piccioli, who made Valentino a leader in women's wear series.

By region, the overall market tends to be "robust". Europe is the most widely growing market. It recorded a 22% increase, accounting for 40% of sales, and domestic customers also recorded growth.

Japan, Brazil, the United States and Asia have seen significant growth.

Asia and Japan increased by 35% and 37% respectively, followed by the United States, accounting for 23% of the total sales.

In China, the brand performance is "good", the first half of this year recorded a 30% growth, which is mainly due to the strength of the brand and the careful management of the sales monopoly point.

Although the Hongkong area has not recorded growth, its overall performance is still optimistic.

{page_break}

The company expects to reach the target of 10 euros by the end of this year.

Chief executive Stefano Sassi said, "two to three years ago, we set this goal as part of the five year plan, but the performance of the brand was better than expected."

He believes that this depends largely on the performance of the second half of the year, and is expected to be getting closer and closer to the goal.

Sassi believes that this growth is very happy, but not so arrogant.

He said, "for us, this is a symbolic turning point, which will lead us to a new future."

Whether it is initial public offerings or others.

The executive refused to disclose in detail the development of future possibilities.

But he pointed out that there is no need to cash in, and the interest of investors is to develop their existence in the luxury sector. This is a fact, but it depends on opportunities.

As for the opening of new stores, the company pointed out that last year there were new stores in Guangdong road and New York in Hongkong and in Rome this year, and there will be 40 new stores in the next two years.

Among them, the store in the United States in the Royal Hawaii center has opened in July, while another store is expected to open in Las Vegas.

The development of new markets, such as South Korea and the United Arab Emirates, is now a direct management area.