×
203
Fashion Jobs
FORTUNE HR SOLUTIONS
Merchandising Manager
Permanent · Chennai
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
By
AFP
Published
Jun 17, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Lafuma sees deeper losses in first half-year

By
AFP
Published
Jun 17, 2009

The textile and sporting equipment group Lafuma has seen its net loss swell in the first half-year (up until the end of March) of its activities for 2008/2009, but sees an “improvement” of its situation in the second half-year period, it announced on Thursday 4 June in a press release.


Lafuma

The group showed a net loss of €3.2 million, up from €0.7 million in the same period of 2007/2008, it stated. At the operational level, the results tipped into the red with a loss of €3.1 million compared with a profit of €0.7 million a year earlier. Turnover increased by 7.2% to €129.6 million, but decreased on the perimeter by 4.9% owing to exchange rate fluctuations.

Activity has been maintained by sales in own name stores held by the group, as well as in Asia, whereas specialist distributors in France and in Europe have receded “under the double effect of the policies of running down stock and lifeless consumption in the market”, explained the group.

The integration of mountainwear manufacturer Eider, acquired in mid-2008, translated to an operational loss of €0.6 million, “principally linked to the action of destocking”, specified the group. The restructuring undertaken after the acquisition caused a loss of €3.2 million, they added.

Mentioning the months to come, Lafuma said that they expect an “improvement in everyday operational performances” in the second half of the year.

The group, which recently raised €10.4 million from its shareholders, highlighted having “secured” is finance from its banks. Lafuma had indicated at the end of 2008 wanting to focus on improved results and profitability in 2009, to the detriment of its growth.

For the period 2007/2008, finishing at the end the end of September 2008, the group recorded a drop of 46.2% in net profit to €1.6 million, whilst turnover increased 4.6% to €262.1 million. Operational profit dived by 32.2% to €5.8 million.

By Jonathan Fulwell (Source: AFP)

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.