Company Profile For Piquadro S.p.A.

Piquadro S.p.A. (PQ.MI) (Milan Stock Exchange)

sector: Cyclical Consumer Goods & Services · industry: Retail - Apparel & Accessories ·

As of 8:47pm IST

1.16EUR

Price Change

-0.03

Percent Change

-2.52%

Analyst Recommendations

Overview

Piquadro SpA is an Italy-based company engaged in the production and distribution of leather accessories. Its product portfolio includes women’s bags, travel bags, briefcases, belts, wallets, key rings, cigar cases, organizers, umbrellas, backpacks and others. The Company sells its products through two distribution channels: directly operated stores (DOS) and wholesale points, including department stores, franchises and others. Its direct subsidiaries and affiliate companies include Piquadro Deutschland GmbH, Piquadro Espana SLU, Piquadro Hong Kong Limited, Uni Best Leather Goods Zhongshan Co Ltd, Uni Best Leather Goods Co Ltd, Piquadro Middle East LLC and Piquadro Shenzhen. The Company’s products are sold worldwide.

Quick Financial Synopsis

BRIEF: For the three months ended 30 June 2009, Piquadro S.p.A.'s total revenue decreased 1% to EUR9.8M. Net income for the period decreased 15% to EUR776K. Total revenue reflects a decrease in demand for the Company's products and services in Europe geographic segment. Net income for the period suffered from decreased operating margins due to higher service, rental and personnel expenses as well as from higher financial expenses.