Billabong International Limited reported a 26.1% rise in sales revenue to AUD$610.7 million ($466.3 mm) from AUD$484.3 million ($364.3 mm) previously. Currency-neutral, sales increased 26.8% for the half.
Sales revenue in the Americas increased 31.2% to AUD$286.3 million ($218.6 mm) and EBITDA of AUD$51.1 million ($39.0 mm) was 36.6% higher than the prior year. Canada and owned operations in South America grew strongly, posting local currency sales revenue increases over the prior year in excess of 65% and 35%, respectively.
Earnings per share lifted 14.0% to AUD43.7 cents per share (33.37 cents). Net profit rose 14.3% to AUD$90.7 million ($69.3 mm) for H1.
For the full year, the company expects earnings per share to grow 18% in constant currency terms, benefiting from a $4.5 million gain relating to the timing of royalty income for income tax purposes. Without that benefit, earnings per share are expected to grow 15% in constant currency terms.
