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Billabong: Surfwear-Hersteller mit guten Aussichten auf Kurssteigerungen! - 500 Beiträge pro Seite


ISIN: AU000000BBG6 | WKN: 941033
0,654
09.04.18
Lang & Schwarz
+1,71 %
+0,011 EUR

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Billabong expects double digit EPS growth FY04

Billabong International Ltd today said it expects double digit earnings per share growth for 2003/04, but admitted the stronger Australian dollar made its target of 15 per cent growth unlikely.
The iconic Australian surfwear company reported a $40.6 million net profit for the half year to December 2003, up 12.3 per cent.
Strong overseas revenue growth, a buoyant domestic business and the continued popularity of denim, men`s t-shirts, women`s swimwear and accessories drove the result, Billabong said, adding that earnings per share grew 11.1 per cent in the half year.
There was strong global momentum, forward orders were encouraging and a strong second-half performance was expected, but the full-year result would be sensitive to currency trends, it said.
"The recent appreciation of the Australian dollar makes the achievement of a targeted 15 per cent EPS (earnings per share) growth rate unlikely," the company said.
"But it is difficult to foresee any FX (foreign exchange) environment where the company would not report double-digit EPS growth for the full year to 30 June 2004."
Chief executive Derek O`Neill denied the comments amounted to a downgrade in expectations for 2003/04 results.
"We`re looking inside our company and everything`s pretty well firing right now," he told AAP.
"It`s pretty hard to call it a downgrade when US sales are 27 per cent growth, (and) Australasia, which we expected in the single digits, (was) up at 11 per cent."
European sales grew 13.4 per cent, dampened by an early autumn heatwave when winter stocks were already on shelves, while revenues in Japan were up more than 50 per cent.
"Overall it was a really great contribution from all departments," Mr O`Neill said.
Billabong shares closed 10 cents lower today at $7.30.
Charlie Green, director of broking firm Hunter Green, said the result was within the range of analysts` forecasts, although results in Europe were below expectations.
"(The company acknowledged) the reality of the impact of currency movement and the market`s saying that looks like a bit of a downgrade to us," he said.
"The underlying businesses are all to a greater or lesser extent going quite well so that`s why you`re seeing the shares off a bit but not dramatically.
"It looks like they`ve got a few issues in Europe they need to tidy up but beyond that Australia seemed to go well and the US went well."
Mr O`Neill dismissed suggestions of problems in Europe, saying the results there were good, especially considering the autumn heatwave.
"There would be an enormous amount of apparel companies (in Europe) that would be pleased with a 13 per cent revenue growth in that market over the past six months," he said.
Billabong was coming off a torrid 2002/03, in which former chief executive Matthew Perrin resigned after he sold $66 million of his company shares without informing the board.
The interim dividend was a fully franked 12.5 cents pe share, up from 11 cents previously.
By Jordan Baker


Hat sich noch jemand anderes die Aktie einmal näher angesehen?
Die Aktie nicht,aber ich war eine Zeit lang in Australien!
Kann Dir sagen,die machen echt geile Klamotten und sind total angesagt!

gruss
stehen auch auf meiner WL. Könnten einen ebensolchen Boom erleben wie Puma.


Fujipyjama
ich denke die Marke wird auch hierzulande Einzug halten. -> Momentan ein klarer Kauf, leider habe ich keine Mittel frei...



Fujipyjama
Billabong growth `still high`

11jun04

Billabong International reassured investors its profit growth was on track as it announced that chief financial officer Shayne Palfreyman would leave at the end of September.

The surfwear company said it expected to deliver a full-year result in line with previous forecasts.
In February, Billabong said it expected double-digit earnings per share growth for 2003-04, but admitted the stronger Australian dollar made its target of 15 per cent growth unlikely.

Billabong`s profit for the six months ended December 31 rose 16 per cent to $40.6 million from $35 million a year ago.

Mr Palfreyman gave 12 months` notice, but has agreed to stand down at the end of September "as a practical matter".









Mr Palfreyman joined Billabong when it was still privately owned and had a turnover of about $100 million. Turnover was now more than $600 million, Billabong chief executive Derek O`Neill said.

"Shayne has made an important contribution to that growth and I thank him for his efforts," he said in a statement.

Mr Palfreyman said the company "remains in a strong financial position" but that "I feel the time is right to move on".

The company also said that Peter Casey, the former head of operations at Billabong Australia and a 20-year veteran of the company, had become general manager of Billabong Europe.

"He is particularly strong on the operational side of the business and that experience will be welcome in Europe," Mr O`Neill said.

He replaces product management specialist Stephane Weinhold.

The company will release its annual results on August23. Its shares fell 19c to $8.36.



Fujipyjama


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