- Press Releases and Statements
- Image Gallery
- Corporate
- Collections
- United Colors of Benetton - SS24
- Undercolors of Benetton – SS24
- Sisley - SS24
- United Colors of Benetton – FW 2023
- Undercolors of Benetton – FW 2023
- Sisley – FW 2023
- United Colors of Benetton – SS 2023
- Undercolors of Benetton – SS 2023
- Sisley – SS 2023
- United Colors of Benetton – FW 2022
- Undercolors of Benetton – FW 2022
- Sisley – FW 2022
- Sisley Young – FW 2022
- United Colors of Benetton – SS 2022
- Undercolors of Benetton – Spring 2022
- Sisley – SS 2022
- Institutional Communication
- Historical Campaigns
- Other Campaigns
- The Hope Project
- Integration Project
- Naked, Just Like
- United in diversity
- Migrants Images
- Power her Choices
- United By Half
- Clothes for Humans
- SAFE BIRTH EVEN HERE
- We. Campaign
- UN Women Campaign
- #IBelong Campaign
- Unemployee of the Year
- Unhate
- It's My Time
- Victims
- Microcredit Africa Works
- James and Other Apes
- Food for Life
- Volunteers
- Brand Communication
- United Colors of Benetton – S/S 2024 - Adult
- United Colors of Benetton – S/S 2024 - Kids
- Undercolors of Benetton – S/S 2024
- United Colors of Benetton – F/W 2023
- Sisley F/W 2023
- United Colors of Benetton – S/S 2023
- Sisley - S/S 2023
- United Colors of Benetton – F/W 2022 – Adult
- United Colors of Benetton – F/W 2022 – Kids
- United Colors of Benetton – S/S 2022 – Adult
- United Colors of Benetton – S/S 2022 – Kids
- Sisley – F/W 2022
- Sisley – S/S 2022
- Stores
- Austria
- Chile
- Croatia
- Czech Republic
- France
- Germany
- Greece
- India
- Ireland
- Italy
- Aosta - P.za Emile Chanoux
- Ancona - Corso Garibaldi
- Bari - Via Sparano
- Brescia - Corso Zanardelli
- Capri - Via Vittorio Emanuele
- Como - Via Luini
- Cortina d'Ampezzo
- Forte dei Marmi - Via Carducci
- Foggia - Corso Vittorio Emanuele
- Florence - Santa Maria Novella railway station
- Florence – Via Cerretani
- Latina - Via Armando Diaz
- Mantova - Corso Umberto
- Marghera - SC Nave de Vero
- Merano - Via Libertà
- Milan – C.so Buenos Aires, 19
- Milan – C.so Vittorio Emanuele
- Milan – P.za San Babila
- Naples – Palazzo Berio
- Novara - Corso Italia 6
- Padua – Via E. Filiberto
- Padua – Via Roma
- Palermo - Piazza Regalmici
- Pescara – C.so Vittorio Emanuele
- Rome - Fontana di Trevi
- Rome - Via del Corso
- Treviso - P.za Indipendenza
- Treviso - Via XX Settembre
- Turin - Via Roma
- Udine - C.C. Città Fiera
- Verona – Via Mazzini
- Venice - Mercerie
- Venice - Campo San Bortolomio
- Vicenza – C.so Palladio
- Viareggio
- Kosovo
- Mexico
- Norway
- Poland
- Portugal
- Russia
- Serbia
- Slovenia
- Spain
- Switzerland
- Turkey
- United Kingdom
- USA
- Fabrica
- Colors Magazine
- Ponzano Children
- Events
- Video Gallery
- Corporate
- Institutional Communication
- Integration Project
- Naked, Just Like
- Power Her Choices
- UNITED BY HALF
- Clothes for Humans - Campaign
- Clothes for Humans - Manifesto
- Clothes for Humans - Manifesto (Italiano)
- Clothes for Humans - Manifesto (English)
- Clothes for Humans - Manifesto (Español)
- Clothes for Humans - Manifesto (Français)
- Clothes for Humans - Manifesto (Deutsch)
- Clothes for Humans - Manifesto (Ελληνικά)
- Clothes for Humans - Manifesto (Português)
- Clothes for Humans - Manifesto (Pусский)
- SAFE BIRTH EVEN HERE
- We. Campaign
- United Colors of Benetton in support of UN Women
- Unemployee of the Year - The film
- Unemployee of the Year - Press Meeting in London
- Unhate - The film
- Unhate - Press Meeting in Paris
- It's My Time - Teaser Video
- It's My Time - Live from NYC
- Microcredit Africa Works - Interview with Youssou N'Dour
- Microcredit Africa Works - Cartoon 'Birima Son of Africa'
- Microcredit Africa Works - Birima
- Brand Communication
- United Colors of Benetton – F/W 2023
- SISLEY - F/W 2023
- United Colors of Benetton – S/S 2023
- United Colors of Benetton – F/W 2022
- SISLEY - S/S 2023
- SISLEY - F/W 2022
- SISLEY - S/S 2022 - CITY GARDEN
- SISLEY - S/S 2022 - UNDYED
- United Colors of Benetton – F/W 2021 – Adult
- United Colors of Benetton – F/W 2021 – Kids
- Stores
- Fabrica
- Sustainability
- Events
- Press Kit
- Events
- Contacts
Benetton Board approves the results to 30 September 2002
Clothing turnover looking positive. Small drop in overall turnover and income
Ponzano, 14th November 2002 - Some growth in clothing turnover, overall turnover slightly down at 1,461.3 million euro, little reduction in net income (- 1.9 per cent), growth in self-financing to 264 million euro: these were the most significant Benetton Group results to 30 September, 2002, approved today by the Board of Directors.
Consolidated revenues for the first nine months were 1,461.3 million euro against 1,518.1 million in the same period of 2001 (- 3.7%), with a contraction associated to the forecasted decrease of the sport's division turnover and to the deconsolidation of the activities of Color Service activities (Olimpias Group), which had contributed with around 12 million euro to the Group's turnover. Performance of the casual clothing division was positive, with growth to 1,169.9 million euro (+ 0.7 per cent).
Net income for the first nine months was 83.7 million euro, slightly down compared with the 85.4 million in the same period of 2001 (- 1.9 per cent). The amount was influenced, in addition to the trend of revenues, by the increase in the tax rate to 43 per cent in the period (40 per cent in the first nine months of 2001).
Gross operating margin rose to 44.3 per cent of turnover (647.8 million euro), compared with 42.9 per cent in the first nine months of the previous financial year, thanks to the cost control policy implemented in the period and to the commercial policy focusing on better positioning of the products in the market.
In the first nine months of the year, investments were made totalling nearly 120 million euro. More than two thirds of these were directed towards persistence of the strategy of acquisition, re-styling and improvement of buildings for selling activities. Self-financing generated by the Group rose to 264 million euro, compared with 246 million of the previous year.
Notwithstanding the significant investments made, net indebtedness dropped to 810 million euro against 845 million at September 30, 2001. Shareholders' equity at 30 September, 2002, was 1,239 million euro.
Regarding the third quarter of 2002, revenues were 459.6 million euro (474.3 million in the third quarter of 2001); gross operating income was 42.4 per cent; net income was 24.1 million euro.
The Board of Directors also adopted the Code of Behaviour (in accordance with article 2.6.3. of the Rules for Markets Organised and Managed by Borsa Italiana S.p.A.) and the Code of Ethics.
Group's performance to 30 September, 2002 makes it possible to forecast, taking into account the trends of consumption at an international level, revenues with a slight reduction against the Group's expectations, and therefore it will not be possible to achieve results in line with those of the last financial year.
Group results (in millions of Euro)
Consolidated income statement
Financial position
Summary statement of cash flows
For further information:
Media
+39 0422 519036
press.benettongroup.com
benettonpress.mobi
Investor Relations
+39 0422 517773
investors.benettongroup.com
benettonir.mobi