BRDH Burani

RNS Number:9488B
Burani Designer Holding N.V.
13 August 2007


13 August 2007

  BURANI DESIGNER HOLDING'S SUBSIDIARY MARIELLA BURANI FASHION GROUP ANNOUNCES
                          2007 SECOND QUARTER RESULTS

Burani Designer Holding N.V (AIM: BRDH), a company offering Italian lifestyle
products and services to customers world-wide, today notes that the company's
subsidiary Mariella Burani Fashion Group S.p.A (MBFG), in which it holds a 52.8%
stake, has made the following announcement:



MBFG Statement

The Board of Directors of Mariella Burani Fashion Group Spa today approves the
financial results for the quarter ended June 30th, 2007 which reflects for the
first six months of 2007:



* Consolidated revenues equal to Euro 372  million compared to Euro 361,6
  million for first half of 2006 strongly influenced at reveues, ebitda, ebit 
  and pre tax income level by Antichi Pellettieri IPO. The revenues growth, net 
  of extraordinary items, is + 18,3%.

* Ebitda equal to Euro 60,3 million vs. Euro 87,8 million for the first half
  2006; net of extraordinary income and costs the Ebitda growth is 19,8%.

* Ebit equal to Euro 48,2 million vs. Euro 75,2 million for the first half
  2006; net of extraordinary income and costs the Ebitda growth is 32,6%.

* Pretax income equal to Euro 34,7 million vs. Euro 64,1 million for the first
  half of 2006  strongly influenced by Antichi Pellettieri IPO.

* Net financial position amounted to Euro 156,6 million, a improvement
  compared to the net financial position at december 31st 2006 and march 31st
  2007.





Financial Highlights 1H 2007






Consolidated revenues  for the first half 2007 increased to Euro 372 million
compared to Euro 361,6 million for the same period of 2006.



Net revenue growth was attributable to growth driven by the strong performance
of:



* the Leather goods division (Antichi Pellettieri) that realised revenue
  growth of 23,3% during the first half 2007;

* emerging luxury markets that today generate the 29% of Group revenues,
  and reflected 41,4% growth during the first half, driven by the growth in the
  Eastern Europe (+38,2%) and Russia (+53,8%);

* the Italian market (+27,4%), driven by the collections of Biasia,
  Braccialini e Baldinini;



and to the first time consolidation of the Fashion Jewellery division, net of
the impact of the sale of the knitwear division and of the Multibrand Retail
division.





Ebitda reached Euro 60,3 million vs. Euro 87,8 million for the first half 2006; net of
extraordinary income and costs the Ebitda growth is +19,8%. Improved Ebitda
margins are primarily attributable to operating leverage and economies of scale
in the Leather goods division, further rationalisation in the Apparel division,
and an improved sales mix for the Group.





The improved sales mix is evidenced by the increased weight of revenues from :



* leather Goods which generated 40,8% of consolidated revenues;

* export sales which generated 64,8% of consolidated revenues with
  emerging luxury markets representing 29%;





* direct distribution channels that generated 71,9% of consolidated
  revenues, with DOS and franchisees representing 34,2%.



Ebit equal to Euro 48,2 million vs. Euro 75,2 million for the first half 2006; net of
extraordinary income and costs the Ebit growth is 32,6%.



Net financial position amounted to Euro 156,6 million, a improvement compared to
the net financial position at december 31st 2006 and march 31st 2007.





Strategic and Operating Highlights







The first half of the year has proven to be extremely dynamic with the Group's
continued focus on the further development of the Leather Goods and Fashion
Jewellery divisions, both characterised by higher growth rates and margins.



More specifically:



* Mariella Burani Fashion Group, through its subsidiary Gioielli
  d'Italia, entered into a Joint Venture with DAMAS Jewellery, a leading
  international jewellery retailer, for the acquisition and development of
  complementary jewellery businesses. DAMAS Jewellery will provide logistics,
  distribution and marketing support to the Group's brands thanks to its 
  extensive experience and well-established presence in emerging markets 
  world-wide.

* Antichi Pellettieri and Francesco Biasia signed a multi-year licensing
  agreement with Aquascutum, a renowned British brand synonymous with British
  luxury, to produce and distribute Aquascutum handbag, accessory, and footwear
  collections world-wide.

* Mariella Burani Fashion Group sold its Multibrand Retail division,
  which comprised 100% of the equity of Revedi Spa, Revedi Sa, Bernie's AG and 
  Don Gil GmbH to Abacus Invest, a private equity fund operating in the apparel
  industry.

* MBFG inaugurated a total of 8 boutiques in the second quarter of 2007,
  including 3 DOS (Braccialini in Paris, Valente in Lugano and Rene Lezard in
  Germany), 1 outlet Baldinini (San Marino) and 4 franchising stores (2
  franchising Biasia: Jakarta and Pechino; 1 franchising Coccinelle in Moscow; 1
  franchising Mariella Burani in Napoli).





Furthermore, on July, 2007 Braccialini, subsidiary of Antichi Pellettieri,
acquired Dadorosa Srl, world-wide licensee of the renowned Italian brand
Gherardini. The company manages 3 monobrand boutiques in Milan, Rome and
Florence.





Outlook 2007





The strong performance realised in the first half of the year, combined with the
continued expansion of our retail network and the positive results of the Autumn
/Winter 2007-2008 sales campaign, lead MBFG management to confirm dynamic growth
expectations for 2007.







Enquiries:



Burani Designer Holding N.V.           Tel:  +39 027 642 0111 / +39 348 256 1971
Carol Brumer (cbrumer@buranidh.com)

Citigate Dewe Rogerson                 Tel: +44 20 7638 9571
Kate Delahunty
Sarah Gestetner

www.buranidh.com


NOTES TO EDITORS



The BDH Group offers a complementary range of Italian lifestyle products and
services to an international customer base.  BDH operates in the fashion
apparel, leather goods and fashion jewellery businesses through its majority
owned subsidiary, Mariella Burani Fashion Group S.p.A. (MBFG), and beachwear,
underwear and cosmetics through subsidiaries Arcte, Crisfer and Eurocosmesi. BDH
recently extended the group's reach into the internationally acclaimed Italian
fine foods business through its acquisition of a controlling interest in
Granulati Italia SpA.  BDH's business model focuses on the acquisition and
integration of quality "Italian lifestyle" businesses to create operating
divisions able to benefit from scale and synergies between BDH Group companies.
BDH intends to extend this business model, successfully implemented by MBFG over
the past seven years, to a select range of distinct, yet complementary, segments
within the accessible luxury goods market.



                      This information is provided by RNS
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