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PRESS RELEASES << back |
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04/27/2007 Financial Information |
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After nine months of the year sales stood at €433.7 million, down 2.6% on the same period last year, after reaching €139.7 million for the quarter itself, a drop of 1.3%. France was down by 3.7% for the nine-month period and by 2.0% for the third quarter. International sales were down by 1.0% for the nine months and by 0.4% for the quarter. The third quarter fall reflects contrasting changes from the start to the end of the period and actually hides an upswing during the last two months. The Autumn-Winter season ended under difficult conditions (as the market continued to perform badly) and business remained slow through January. However, it picked up significantly in February when the Spring-Summer collections were introduced, a trend that continued through March.
When presenting the accounts for the first half year, it was stated that second half results were forecast to increase compared to the same period last year. The expected growth, however, would not be sufficient to compensate for the decline in the first half. The level of business and cost trends during the third quarter lead us to confirm this forecast. April 27th 2007 |
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