×
56
Fashion Jobs
SUPER FASHION
Manager -Accounts & Finance(For Garment Export House)
Permanent · FARIDABAD
LIMEAPPLE APPAREL
Ecommerce Expert With Digital Marketing Skills
Permanent · CHENNAI
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
TLM CONSULTANCY.COM
Website Developer
Internship · MUMBAI
NIKE
Senior Sap Application Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
NIYOSSHIC LUXURY CONSULTANCY
PR Assistant
Internship · MUMBAI
SAAHRA
Merchandising Summer Internship
Internship · NEW DELHI
SAAHRA
Fashion Journalism Summer Internship
Internship · NEW DELHI
SAAHRA
Marketing Summer Internship
Internship · NEW DELHI
KOMAL TEXFAB PVT LTD
Senior Merchandiser - Ethnic Garments
Permanent · AHMEDABAD
NIKE
Software Engineer Iii - Inventory Order, India - Move Icc
Permanent · Bengaluru
NIKE
Software Engineer ii – Move, Icc
Permanent · Bengaluru
LOTUS INTERNATIONALS
Fashion Designer
Internship · CHENNAI
LOTUS INTERNATIONALS
Fashion Designer Trainees
Internship · DELHI
RR GROUP
Fashion Designer
Permanent · NEW DELHI
GOKALDAS EXPORTS LTD
Manager / Asst Manager - Industrial Engineering (Garments Industry)
Permanent · Tumakuru
PS EXPORTS & CONSOLIDATES P LTD
Merchandiser/sr.Merchandiser(Woven Garments Exp)
Permanent · Chennai
NIKE
Sap bi Lead Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
Published
Feb 23, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Billabong's first-half loss widens by more than 40%, Americas revenues lift

Published
Feb 23, 2018

Billabong's first-half loss has widened by more than 40 per cent to $18.4 million, while revenue for the six months to December 31 fell 3.1% to $476.5 million, which is reflective of "a challenging industry undergoing tremendous change," according to the surfwear retailer.


Skate fashion brand, RVCA, was the only Billabong group brand to record growth in every region - Rvca


Billabong said the result confirm the January guidance given for underlying full-year earnings to exceed those of the previous year, and fall between $51.1 million and $54 million. 

“The results we are reporting today are consistent with the updated guidance given in January – namely that we would be down in the first half, but expect to be up in the second to deliver full year EBITDA of $51.1 million to $54.0 million – at or just above last year," said ​Billabong's Chief Executive Officer ,Neil Fiske.

Revenues in the Americas lifted 1.1%, or 3.9% in constant currency. Other regions suffered. Total revenues in Asia Pacific were down 4.5% – up 1.3% in retail but down 16.6% in wholesale, while European revenues were down by 6.1% in constant currency.

"The result is reflective of the ongoing difficult trading conditions in retail and much of the action sports sector. While our Americas region has again produced another good result, with EBITDA up 34.1% constant currency year-on-year, it is the smaller half year for that region. In contrast, trading proved challenging in Asia Pacific, where H1 is the larger half," continued Friske.

By brand, Billabong was down 0.5% for the half (up in Americas, down in APAC), while Element was down 13%, "impacted by the timing shift in Europe and a change in distribution strategy in Canada," said Billabong. Skate fashion brand, RVCA, however, was up 9.6% with growth in every region.

The results coincide with Billabong takeover talks with Boadriders.
At the end of 2017, the Queensland, Australia-based company received received an intention to purchase from Boardrider to acquire all of the company's shares for $1 each.

In January, both parties last month entered into a scheme of arrangement, which Billabong said had limited conditions.

Boardriders, which was founded in as Quiksilver in Torquay, Victoria -- now based in California, is majority owned by Los Angeles fund manager Oaktree Management, which also owns 19 per cent of shares in Billabong and is one of its two biggest lenders.

Its brands include Roxy and DC Shoes, as well as Quiksilver.

Copyright © 2021 FashionNetwork.com All rights reserved.