MILAN – Swift sales of accessories, jewelry and beauty products propelled another year of double-digit profit growth at Giorgio Armani SpA.
Armani said Thursday that its full-year 2006 earnings before interest and taxes rose 19 percent to 246 million euros, or $310 million. Consolidated sales grew nine percent to 1.47 billion euros, or $1.85 billion, for the year ended Dec. 31.
(Dollar figures have been converted from the euro at average exchange rates for the period to which they refer.)
The company also issued an upbeat forecast for the current year, Armani said that wholesale orders for the group’s fall/winter 2007/2008 collections are currently up nine percent.
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