BRDH Burani

RNS Number:3273T
Burani Designer Holding N.V.
29 April 2008


  BURANI DESIGNER HOLDING'S LISTED LEATHER GOODS DIVISION ANTICHI PELLETTIERI
                      ANNOUNCES 2007 CONSOLIDATED 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
listed leather goods division, Antichi Pellettieri, majority owned by BDH's
subsidiary Mariella Burani Fashion Group S.p.A (MBFG), in which BDH holds a
61.28% stake, made the following announcement yesterday after market close:



PRESS RELEASE
ANTICHI PELLETTIERI SPA
Cavriago, April 28, 2008



THE SHAREHOLDERS OF ANTICHI PELLETTIERI SPA TODAY APPROVED THE  GROUP'S 2007
CONSOLIDATED FINANCIAL STATEMENTS THAT REFLECT A 116% INCREASE IN NET INCOME

The Shareholders of Antichi Pellettieri S.p.A. approved today the Group's 2007
consolidated financial statements that reflect:

*         CONSOLIDATED REVENUES of Euro300.2 million compared to Euro257.5 million in
2006, reflecting 16.6% revenue growth.

*         EBITDA of Euro47.8 million vs. Euro35.0 million of 2006 reflecting 36.7%
growth.

*         EBIT of Euro35.9 million vs. Euro26.1 in 2006  reflecting 37.3% growth.

*         NET INCOME of Euro26.4 million vs. Euro12.2 million of 2006 reflecting a
115.7% growth.

*         NET FINANCIAL POSITION Debt of Euro63.5 million, reflecting a debt/equity
ratio of 0.36 vs. 0.41 at December 31, 2006 and an optimal debt/EBITDA ratio of
1.3.



Consolidated revenues for the year ended December 31, 2007 increased to Euro300.2
million compared to Euro257.5 million generated during 2006



Revenue growth is primarily attributable to the strong performance of:



*         the Group's own brands Baldinini, Francesco Biasia and Braccialini;

*         "emerging" luxury markets including Middle Eastern (reflecting 31.8%
growth) and Eastern European (including Russia) markets (reflecting 45% growth);

*         the retail network with the Group's Directly Operated Stores that
registered 21% growth and the Group's international franchise network which grew
by 40%.  The Group's retail network at December 31, 2007 includes 176 boutiques
worldwide; 48 Directly Operated Stores (DOS) and 128 Franchisees, and

*         the first time consolidation of Dadorosa, acquired in July, 2007.



EBITDA of Euro47.8 million vs.  Euro35.0 million for the full year 2006, reflecting
growth of 36.7% and an EBITDA margin of 15.9% (vs. 13.6% of the full year 2006).




2006 EBITDA reflects extraordinary expenses incurred for the IPO of Antichi
Pellettieri. 2007 EBITDA benefited from increased operating leverage, economies
of scale within the Group, and an improved sales mix evidenced by the weight of
revenues generated from:



*         own brands which represented 86% of consolidated revenues;

*         export sales which represented 61% of consolidated revenues with
emerging luxury markets representing 40% of the total;

*         direct distribution channels that represented 58.7% of consolidated
revenues, with DOS and franchisees representing 19.5% of the total.





EBIT of Euro 35.9 million vs. Euro 26.1 million of 2006 reflecting 37.3% growth.





Net income of Euro 26.4 million vs. Euro12.2 million of 2006, reflecting 115.7%
growth. The Group's Net income increased by 90% for the year.



Net Financial position Debt of Euro 63.5 million at December 31, 2007, reflecting
an improved debt/equity ratio of 0.36 (vs. 0.41 at December 31, 2006) and an
optimal debt/EBITDA ratio of 1.3 .





BUY-BACK PLAN



The Shareholders of Antichi Pellettieri approved the extension of the existing
buy-back plan that  provides for the purchase and sale of up to 10% of the
Group's outstanding common shares. The plan will be in effect until the
shareholders meeting to approve the financial statements for the year ended
December 31, 2008.



Share transactions will be effected in markets regulated by Article 132 of
Legislative Decree No. 58 dated February 24, 1998 and Article 144bis,1.B of
Consob Regulation 11971/99 as modified by the Market Abuse Directive ("MAD") in
conformance with these markets' operating policies and procedures.





DIVIDENDS



The Sharehoders of Antichi Pellettieri S.p.A. approved the distribution of an
ordinary dividend of  Euro0.11 per share to be paid on May 29, 2008.



The Financial Reporting Officer, Daniele Bardini, 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.











Antichi Pellettieri is a European leader in the accessible segment of the luxury
goods market with a consolidated international presence.  The Group designs,
produces and distributes handbags and accessories, footwear, and leather apparel
collections characterized by top quality and innovative design. A flexible
business model provides for control at all critical phases of the production and
distribution cycle. Group activities include product design and development,
production planning, raw material procurement, quality control, marketing,
public relations and distribution. Productions and logistics functions are
outsourced to an established and qualified base of third party contractors ,
closely controlled by AP to guarantee quality and efficiency.





Contacts



Carol Brumer Investor Relations e Strategic Development:
cbrumer@mariellaburani.com,  tel. (+39) 02 76420111

Daniela Zari Director Corporate Communication: dzari@mariellaburani.com, tel.
(+39) 02 76015354



www.antichipellettieri.it



Enquiries:



Burani Designer Holding N.V.             Tel: +39 027 6420111 / +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 is a player in fashion apparel,
leather goods and jewellery through its subsidiary Mariella Burani Fashion Group
S.p.A. (MBFG), and in three complementary business segments - beachwear &
underwear, wellness spas & skincare and food design. BDH, listed on London's
Alternative Investment Market (AIM) in June 2007, focuses on growth through the
acquisition and integration of quality "Italian lifestyle" businesses and the
creation of operating divisions able to benefit from scale and synergies of the
BDH GroupH.  The management believes that the in-depth knowledge of luxury
products, the value created by strategic shareholders, the skills of the BDH
team management as well as the Group's investment approach, represent a great
opportunity of value creation for shareholders.






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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