105
Fashion Jobs
ADIDAS
Director, Retail & Franchise
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Sustainable Sourcing Field Operations
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager, Adidas Golf
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
VF CORPORATION
Quality Engineer
Permanent · HANOI
JCPENNEY
Quality Engineer
Permanent · HO CHI MINH CITY
JCPENNEY
Quality Engineer
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
PUMA
Senior Executive Origin Logistics
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior E-Key Account Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Retail Design Visual Merchandising Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Assistant Key Account Manager - Consumer Products Division
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior Key Account Manager (o+o) - Consumer Products Division
Permanent · HO CHI MINH CITY
PROCTER&GAMBLE
Plant IT Operations Specialist
Permanent · BẾN CÁT
PROCTER&GAMBLE
Sales Manager
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
ADIDAS
Director, Manufacturing Innovation - Advanced Materials
Permanent · HO CHI MINH CITY
By
Reuters
Published
Aug 29, 2008
Reading time
2 minutes
Download
Download the article
Print
Text size

Benetton's H1 profit flat, sees 6% year sales rise

By
Reuters
Published
Aug 29, 2008

MILAN, Aug 29 (Reuters) - Italian clothing retailer Benetton Group SpA said on Friday sales growth this year would be around 6 percent, the low end of medium-term goals, after reporting a 5.1 percent rise in turnover in the first half.


www.benetton.com

Benetton, best known for its colourful jumpers, said in a statement it still expected growth in earnings before interest, tax, depreciation and amortisation (EBITDA) of at least 7 percent this year, in line with a forecast made in May.

Its medium-term target for sales growth is 6-8 percent.

First-half net profit edged up to 72 million euros ($106.1 million) from 70 million.

The rise in first-half revenue came from shifting sales towards higher-value products and developing business in countries with high growth potential, Benetton said.

In addition, the euro's appreciation against, in particular, the dollar, the British pound and the South Korean won, helped.

Benetton said there were still uncertainties for the full year, stemming from "the unfavourable economic situation and the risks introduced by the increase in raw material prices and the acceleration of inflation in Asian countries".

Retailers worldwide are suffering as the global economy slows.

Benetton gets the bulk of its sales from Italy, where growth is virtually at a standstill, and the rest of western Europe.

In an effort to reduce its dependence on these markets, it is expanding in five key areas -- India, Turkey, the former Soviet Union, Latin America and China.

Shares in Benetton, which competes against Hennes & Mauritz and Inditex's Zara, were down 0.19 percent at 7.185 euros by 1205 GMT, when the DJ Stoxx European retail sector index was up 1.34 percent. (Reporting by Jo Winterbottom; Editing by Greg Mahlich)

© Thomson Reuters 2024 All rights reserved.