Stefanel says ‘in-depth analysis’ will boost The Nuance Group’s second-half performance – 12/08/05

Giuseppe Stefanel
Giueseppe Stefanel believes the future looks brighter for Nuance

ITALY. The Nuance Group 50% co-parent company Stefanel said this morning that its net profitability at Nuance narrowed to a loss of €4.3 million for the first half of 2005. That represented a strong improvement on a €5.5 million loss for the same period last year. Nuance represents 70% of Stefanel’s sales and declared its first-half performance yesterday.

Nuance saw a positive trend in the number of passengers but this was offset by lower spending in some locations, Stefanel said.

“To deal with this trend, the company has launched an in-depth analysis to improve the sales organisation, and the first results of this should emerge in the second half,” it commented.

Stefanel revealed the Nuance net profitability among its full-first half results which saw a strong turnaround to a €1.8 million group profit, from a loss of €9.0 million a year earlier, supported by an improvement in all sectors of the business.

EBIT rose to €8.7 million from €8.6 million in the first half of 2004. EBITDA was €14.1 million against €8.6 million, and sales were €126.7 million against €113.4 million, it said.

“The results in the first half are in line with the targets set in the three year business plan 2004-2006, and show a clear improvement in profitability in all the business units,” Stefanel commented.


Nuance net loss eases as first-half like-for-like sales stay in line with 2004 – 11/08/05

Stefanel pours cold water on claimed interest in acquiring Alpha Airports Group – 02/08/05

Nuance posts EBIT improvement amid 2004 full-year losses, parent Stefanel remains upbeat – 15/02/05

Stefanel says Nuance is on track despite 2004 losses; ‘ambitious but achievable’ margin improvements projected – 15/02/05

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