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By
Reuters
Published
Feb 11, 2016
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BasicNet: sales grow 17.2% in 2015

By
Reuters
Published
Feb 11, 2016

BasicNet has closed 2015 with sales rising by 17.2% over 2014, and a pre-tax profit that grew 27.8% to €26.4 million, thanks also to income deriving from exchange rate management.

Superga was one of the BasicNet group's most dynamic brands


Consolidated sales reached €731 million, growing both in Europe and outside of it, according to a press release on the preliminary results of the group which owns, among others, the Robe di Kappa, K-Way and Superga brands.
EBITDA grew 8.7% to €32 million and EBIT grew 11.5%, reaching €25.7 million.
Consolidated pre-tax profit amounted to €26.4 million.

The press release underlined that the consolidated net income figure, to be published in March, will incorporate the group's fiscal features prior to the application of the so-called 'patent box' tax relief.

The brands that drove the BasicNet group's aggregate worldwide sales were Superga and K-Way, which recorded sales rises respectively of 23.5% and 23%. Kappa and Robe di Kappa (+12.4%) performed well too. The group's share value performance was also excellent, growing by 114.6% in 2015.

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