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Rollerblade Not Sold to Hockey Company
February 7, 2003 |
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AND FORECAST FOR 2003 Ponzano, 7 February 2003 - The Benetton Board of Directors, meeting today, considered the first indications for the financial year 2002 just ended. The figures confirm that there was a severe reduction in turnover in the sports division and a satisfying sales performance in the clothing division, which benefited from revenues created by the new stores. It is anticipated that group turnover may be down overall by about five per cent and net income before extraordinary and not-recurring components, should be around 6.5 per cent of turnover. The Benetton Board therefore examined the potential extraordinary impact on income arising from the strategic decision of selling sports equipment business. Although no definitive evaluation has been made yet, it could be assumed that such extraordinary elements could result in a limited loss for the financial year, without however significantly affecting cash flow. Related Links More Articles About Rollerblade Skates - Main Menu |
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