The first half year of 2008 is going according to plan for fashion brand Benetton. The company reported consolidated revenues increase of EUR 996 million, which corresponds with the forecasts previously communicated. The grow was equivalent to 5,1% at constant exchange rates, and the apparel segment grew to EUR 948 million with 5,8%.
The main growth in the half year was determined by presenting a positive mix followed by offering high-end products and development actions in countries with high growth potential including Russia and ex-Soviet Union countries, Turkey, India, Great China and Latin America. Also, the increase in the value of the Euro in relation to foreign currencies, and in particular the effect of movements in the Korean won, the US dollar and the GB pound, stimulated Benetton’s revenue.
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