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Article Date: August 2017
Word Count: 290

Billabong Sees Improvements in Core but Turnaround Items Expand Loss

The net loss grew to AUD 71.1 million ($61.3 mm) from a loss of AUD 23.7 million for the FY ended Jun. 30 on a 9% decline in sales to AUD 974.7 million ($775.1 mm) from AUD 1,069.0 million, but BBG noted that EBITDA excluding discontinued operations and restructuring items doubled to AUD 99.3 million from AUD 49.8 million the year before, led by a significant improvement in its U.S. operations. It fell slightly short of its forecast, mostly as a result of the weak market conditions in its home Australian market.


Sales in the Americas were down 10% to AUD ... Log in to view full article.


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