when will it stop sliding, page-43

I don't think anyone here is really reading the Yearly report put out today,most think its the brands not selling and think that its only a domestic stock that sells T shirts and boardies just involved in surfing.

Here are some facts

? Americas: ? Sales revenue of $843.7 million, up 32.5%
? Operational EBITDA1 of $112.7 million, up 12.0%
? Operational EBITDA margins of 13.4% (down from 16.0%) in reported AUD terms
? Europe: ? Sales revenue of $337.6 million, up 11.5%
? Operational EBITDA of $67.2 million, down 5.4%
? Operational EBITDA margins of 19.9% (down from 23.4%) in reported AUD terms
? Australasia: ? Sales revenue of $501.9 million, up 19.5%
? Operational EBITDA of $74.5 million, down 26.3%
? Operational EBITDA margins of 14.9% (down from 24.0%) in reported AUD terms

Strong revenue growth
? Dramatic negative impact from high AUD (adverse impact of $123 million in respect of sales revenue
and $18 million in respect of NPAT)
Consolidated results overview
(compared to the pcp)
4
? Reported global sales of $1.68 billion ? up 23.8% in constant currency terms
? up 13.6% in reported AUD terms
? Net profit after tax (NPAT) of $119.1 million ? down 6.9% in constant currency terms
? down 18.4% in reported AUD terms
? Gross margins 53.8% ? down slightly from 54.4% in reported AUD terms
? Reported Group earnings before interest,
tax, depreciation and amortisation (EBITDA)
of $191.9 million
? down 16.2% in constant currency terms
? down 24.3% in reported AUD terms
? EBITDA margins 11.4% ? down from 17.1%
? Earnings per share of 47.4 cents ? down 18.7% in reported

As i said many times,its another victim of the higher AUD not Billabong brands are not cool anymore.Americas: ? Sales revenue of $843.7 million, up 32.5% not bad from a country with massive unemployment lol