×
2 868
Fashion Jobs
SELFRIDGES
Sales Manager - Kids, Toys And Home
Permanent · BIRMINGHAM
URBN
Free People Assistant Visual Manager - Kings Road, London
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · KINGSTON UPON THAMES
WAITROSE
Security Partner
Permanent · COULSDON
URBN
Anthroplogie Visual Manager - Regent st, London
Permanent · LONDON
360 TALENT LONDON
Recruitment Consultant - Fashion Head Office
Permanent · LONDON
SHISEIDO
Nars Assistant Business Manager - Selfridges Exchange Sqaure (37.5 Hours)
Permanent · Manchester
LEVI'S
Ecommerce Project Manager
Permanent · London
VIVIENNE WESTWOOD
Legal Counsel
Permanent · LONDON
VIVIENNE WESTWOOD
E-Commerce Studio Operations Manager
Permanent ·
BOOHOO GROUP
Warehouse Operative
Permanent · BURNLEY
JOHN LEWIS
Loss Prevention Partner
Permanent · LEEDS
HEAD OFFICE
Digital Product Manager – Identity & Account
Permanent · BRACKNELL
JOHN LEWIS
Section Manager – Training
Permanent · MILTON KEYNES
ESTEE LAUDER
Clinique - Consultant - Boots, Staines - 11 Hours, 2 Days (Fixed Sunday + Another Day) - Part Time, Permanent
Permanent · Staines-upon-Thames
ESTEE LAUDER
Clinique - Consultant - Jlp Southampton - 35 Hours - 5 Days - Full Time, Permanent
Permanent · Southampton
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer, Camberley - 18 Hours, 3 Days - Part Time, Permanent
Permanent · Camberley
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer, Warrington - 11 Hours/Week - Part Time, Permanent
Permanent · Warrington
ESTEE LAUDER
Estée Lauder - Assistant Business Manager - Harrods, London - 37.5 Hours/Week - Full Time, Permanent
Permanent · Londres
ESTEE LAUDER
Clinique - Consultant - Boots - Aintree - Liverpool - 14 Hours / Week, Part Time, Permanent
Permanent · Liverpool
ESTEE LAUDER
Clinique - Assistant Business Manager - Harrods, London - 37.5 Hours, 5 Days - Full Time, Permanent
Permanent · Londres
ESTEE LAUDER
Clinique - Consultant - Brown Thomas, Limerick- 11 Hours - Part-Time, Permanent
Permanent · Limerick
Ads
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 © 2022 FashionNetwork.com All rights reserved.