Burani Designer Holding N.V. a company offering Italian lifestyle products and services to customers world-wide, announces its results for the year ended 31 December 2007, reflecting a 10.6% increase in 2007 revenues, and a 17.9% increase in revenues net of extraordinary items.

The consolidated financial statements include the pro rata contribution from the companies acquired during 2007, namely Arcte, Crisfer, Eurocosmesi (from April 2007) and Granulati (from October 2007).

The results also reflect the consolidation within Mariella Burani Fashion Group of Valente, Rosato, Calgaro (Fashion jewellery) and Dadorosa (Leather Goods), the deconsolidation of the multi-brand retail division as of June, 2007.

Extraordinary items include the capital gain on the IPO of AP in 2006 and the capital gain on the disposal of the multi-brand retail division in 2007.

Highlights:
• Successful listing on London’s AIM market in June 2007 raising €130m (of which €94m proceeds due to the Company); proceeds used to finance the expansion of the BDH Group through selective acquisitions;
• Expansion of the fashion jewellery business within Mariella Burani Fashion Group through the acquisitions of three successful Italian companies: Rosato, Valente and Calgaro;
• Strategic entry into the beachwear and underwear business, identified as an attractive target segment of the accessible luxury goods market, through the acquisitions of Crisfer and Arcte;
• Extension into complementary wellness and skincare through the acquisition of Eurocosmesi;

Diversification into Italian fine foods through new subsidiary BDH Food Design; majority stake acquired in Granulati Italia SpA and new joint venture established to develop a network of premium Italian ice cream boutiques in Italy and abroad under the Chocolat brand;
• Joint ventures agreed with Damas and Gitanjali Group to further develop MBFG’s global presence, especially in the Middle East and India; and
• Inauguration of 48 boutiques in 2007; BDH’s retail network at year end included 247 mono-brand boutiques worldwide (89 DOS & 158 franchisees).

Kevin Tempestini, Chief Executive Officer, commented:
“A solid platform has been laid down this year for the development of a diversified accessible luxury Group offering Italian lifestyle products and services to customers world-wide.

The financial accounts are encouraging, notwithstanding the fact that they incorporate one time costs related to the IPO, and only nine months of operating results of the newly acquired companies.

Annual results are indicative of the direction this Group will take and the dynamic pace at which our strategies will be implemented to create value for our shareholders. Current trading is buoyant and I am confident that 2008 will reflect double digit growth.”

Source：fibre2fashion