The German fashion house, Escada, has posted consolidated sales of EUR 312.6 million (GBP 213.9 million) in the first half of 2004/2005, up 2.2 per cent from EUR 306 million during the same period a year earlier. Despite a continued weak market in women’s fashions, Escada brand revenues climbed 4.4 per cent to EUR 208.1, up from EUR 199.3 million. Primera Group revenues remained at approximately the same level as the year before. The Primera Group is comprised of the labels Apriori, BiBA, Cavita and Laurel.
First half net profits more than doubled, from EUR 2.6 million to EUR 6.8 million. During this period the company reduced inventories, thereby freeing up capital. Projections for the fiscal year 2004/2005 include a slight increase in revenues in euros, an EBITDA increase of at least EUR 10 million and a proportionate increase in net profit.
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