BRDH Burani

RNS Number:0712O
Burani Designer Holding N.V.
15 February 2008


   BURANI DESIGNER HOLDING'S SUBSIDIARY MARIELLA BURANI FASHION GROUP REPORTS
                          FOURTH QUARTER 2007 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) has made the following
announcement:


THE BOARD OF DIRECTORS OF MARIELLA BURANI FASHION GROUP APPROVED THE FOURTH
QUARTER 2007 RESULTS WHICH REFLECT ORGANIC REVENUE GROWTH OF 16.5%  FOR THE FULL
YEAR.


The Board of Directors of Mariella Burani Fashion Group approved the financial
results for the fourth quarter ended December 31st, 2007 which reflect for the
full year:


*  Consolidated revenues of Euro701.3 million from Euro672.6 million for 2006; net of 
   extraordinary items, the Group realised total revenue growth of 11.7% and
   organic revenue growth of +16.5%.


*  EBITDA of Euro108.3 million from Euro125.1 million for 2006; net of extraordinary 
   items, the Group realised total Ebitda growth of 16.9%.


*  EBIT of Euro78.3 million from Euro92.6 million for 2006; net of extraordinary 
   items, the Group realised Ebit growth of 18%.


*  Pretax income of Euro50.5 million from Euro68.8 million for 2006.


*  Net Income of Euro46 million  Euro63.3 million for 2006.


*  Net financial position (debt) of Euro177.5 million, in-line with Net Debt of 
   Euro179.6 million recorded at December 31st, 2006, notwithstanding the
   significant investments made during the year for the acquisition of the
   companies of the Fashion Jewellery division, the acquisition of Dadorosa, net 
   of the proceeds from the sale of the multi brand retail division. The net 
   financial position reflects an optimal debt/equity ratio of 0.63.


Financial Highlights 2007


Consolidated revenues of MBFG for the full year 2007 increased to Euro701.3 million
compared to Euro672.6 million for 2006. Net of extraordinary items, the Group
realised revenue growth of 11.7% .


Total Revenues reflect the net impact of the disposal of the multi brand retail
division and the acquisition of Valente, Rosato, and Calgaro (fashion jewellery)
as well as Dadorosa (Leather Goods) while Organic revenues grew by 16.5% during
the period. The total growth was driven primarily by:


*   The strong performance of the Leather Goods division (Antichi Pellettieri), 
    driven by Baldinini, Braccialini e  Francesco Biasia collections;


*   The dynamic growth realised in emerging luxury markets (+36.6%) and the 
    sustained growth in Italy (+15.3%).


*   The excellent performance of the boutiques of the Leather Goods division 
    (+20%).



EBITDA reached Euro108.3 million compared to Euro125.1 million of 2006; net of
extraordinary items, the Group realised Ebitda growth of 16.9%.


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 and Fashion Jewellery that, together, generated 58% of 
    consolidated "core" operating revenues;



*   Export sales which generated 62% of consolidated operating revenues with 
    emerging markets representing 30%, and US and Japan, together, representing
    less than 5% of the Group's revenues;



*  Direct distribution channels which today generate 67% of consolidated
   operating revenues.



EBIT of Euro78.3 million from Euro92.6 million of 2006; net of extraordinary items,
Group Ebit realised growth of 18%.



Net Income of Euro46 million from Euro63.3 million of 2006.



Operating and Strategic Highlights



*  In addition to the agreement signed with Damas Jewellery in June,
2007, MBFG entered into an important agreement with the Gitanjali Group in
December, 2007 for the establishment of a Joint Venture to operate in the
apparel, leather goods and jewellery sectors in India.  The Gitanjali Group is a
leader in the production and distribution of jewellery in India and is expected
to contribute its know-how in production, marketing, logistics and distribution,
as well as its extensive retail network; the Joint Venture is expected to open
32 mono and multi brand boutiques and 132 shop-in-shops over the next three
years.



*  The Group continues to focus on its leather goods and fashion
jewellery divisions, businesses characterised by higher growth and margins. This
is evidenced by the acquisition of Calgaro, an Italian jewellery company
renowned for its innovative woven gold and silver jewellery collections, and
Dadorosa, the worldwide licensee of the Gherardini brand, as well as the sale of
the multi brand retail division.



*  An exclusive licensing agreement has been signed for the production
and distribution of John Galliano women's jewellery collections, to be launched
at the Basel Jewellery trade fair in April, 2008. The collections will be
created by John Galliano and produced and distributed worldwide by Valente
Gioiellieri SpA. Other important licensing agreements signed by MBFG during the
year include Phard e Bogner for the production and distribution of children's
wear collections, Aquascutum for the production and international distribution
of handbag, footwear and accessories collections and Amazon Life for the
production and distribution  of "eco friendly" handbags and accessories.



*  Contined expansion of the international retail network which today
includes 243 monobrand boutiques worldwide. During the fourth quarter of 2007
MBFG inaugurated 18 boutiques: 5 DOS (1 Rosato in Florence, 1 multibrand
Gioielli d'Italia in Lugano, 1 Braccialini in Varese, 1 Francesco Biasia in
Milan and 1 Coccinelle in Rome) and 13 Franchisees (1 Valente in Macao, 3
Baldinini in Russia, 1 Braccialini in Russia, 5 Francesco Biasia: Rome, Warsaw,
Macao and 2 in Russia; 3 Coccinelle: 1 Prague, 1 Warsaw and 1 in Beirut). In
2007 MBFG inaugurated a total of 46 boutiques.



2007 results reflect the continued growth driven by emerging markets and by the
Leather Goods division (Antichi Pellettieri) which in 2007 reached Euro 300 million
of turnover, reflecting growth in excess of 19%.  Management expects continued
growth for 2008 based on a number of positive indicators including the strong 
S/S 2008 sell-in figures, the optimal performance of the Leather Goods
division's Directly Operated Stores (which registered 22% growth in December),
and the preliminary results of the F/W 2008-09 sales campaign where orders in
the children's wear division have increased by over 40%.


The Financial Reporting Officer, Giuseppe Gullo, certifies - pursuant to art.
154-bis, paragraph 2 of the Uniform Finance Act (Legislative Decree 58/1988) -
that the information contained in this press release corresponds to the
accounting documents, ledgers and entries.


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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