During fiscal 2005, the Outerwear group at Pacific Brands struggled, posting double-digit sales and EBITA decreases, but the Footwear group came through with strength to offset the Outerwear weakness. Full year EBITA was AU$176.1 million ($132.7 mm), a 13.5% increase over the previous year. Net profit for the full year was $102.5 million (US$77.2 mm), up 16.0%.
Sales for the Outerwear/Sportswear group fell 10.4% to AU$259.4 million ($195.5 mm) from AU$289.4 million ($206.6 mm) last year. EBITA also fell for the group during fiscal 2005, down 12.3% to AU$21.4 million ($16.1 mm) from AU$24.4 million ($17.4 mm). The company noted a “tight” sporting goods market as well as the transferal of Dunlop Footwear to the Footwear group as reasons for the divisions poor performance.
Total sales for the Footwear group increased 6.3% to AU$267.2 million ($201.3 mm) from AU$251.4 million ($179.5 mm). EBITA jumped 36.6% to AU$30.6 million ($23.1 mm) from AU$22.4 million ($16.0 mm) last year. The groups success came as a result of double-digit sales growth in several of its brands, and from the previously mentioned transfer of Dunlop footwear.
