Etam Q4 sales up 1.2 percent

In the fourth quarter of 2012, the Etam group posted sales of 331 million euros

(Rs 2,374 crores), including a positive currency impact of 6.5 million euros (Rs 46 crores), mainly related to the appreciation of the yuan against the euro. Sales were up 1.2 percent compared with the fourth quarter of 2011. Like-for-like and at constant exchange rates, sales were stable.

Over the year, Etam generated sales of 1,216.9 million euros (Rs 8,742 crores), including a positive currency impact of 40.3 million euros (Rs 288 crores), mainly related to the appreciation of the yuan against the euro. Sales were up 2.8 percent compared with 2011. Like-for-like and at constant exchange rates, sales were down 3.4 percent.

The fourth quarter of 2012 in Europe, sales came to 208.5 million euros (Rs 1, 497 crores), up 4.2 percent or 5.8 percent on a like-for-like basis and at constant exchange rates. Over the year, sales came to 778.2 million euros (Rs 5, 590 crores), up 2.8 percent or 0.6 percent on a like-for-like basis and at constant exchange rates.

In the fourth quarter of 2012 in China, sales were 122.5 million euros (Rs 877 crores), down 3.6 percent including a positive currency impact of 6.4 million euros (Rs 45 crores). Like-for-like and at constant exchange rates, sales decreased by 12.7 percent. At December 31, 2012, the Etam Group had 4,523 sales outlets, including 969 in Europe, 3,355 in China and 199 operated by international franchises.