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Article Date: February 2018
Word Count: 245

Billabong Has Lower Sales in H1 as Loss Expands

With a bit more than a month until the Mar. 29 Scheme meeting to vote on the Boardriders acquisition, Billabong reported a net loss of A$18,400,000 ($14.2mm) in the fiscal first half, against a loss of A$12,971,000 last year on revenues that were 7% lower at A$476,428,000 ($366.5 mm) from A$511,027,000. The results were in line with BBG’s guidance, and it reiterated that it expects to bounce back in H2 towards a full-year EBITDA target of A$51.1 to A$54.0 million, just ahead of last year. The Billabong brand was down 1% for the half but improved in the Americas region, ... Log in to view full article.


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