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BRIEF-Billabong International says FY revenues from cont ops down 8.9 pct
August 29, 2017 / 11:21 PM / a month ago

BRIEF-Billabong International says FY revenues from cont ops down 8.9 pct

Aug 30 (Reuters) - Billabong International Ltd:

* FY revenues from continuing operations down 8.9% to $979.5 million

* FY loss attributable to members of co $77.1 million versus loss of $23.7 million a year ago

* Group expects FY18 EBITDAI (excluding significant items) to exceed FY17 EBITDAI of $51.1 million

* First half 2018 EBITDAI expected to be below prior corresponding period and all growth biased towards second half

* Circumstances that impacted Asia Pacific performance in FY17 expected to continue to weigh on trading in region, especially in H1

* In FY18 group expects to show further progress in Americas and Europe

* Composition of earnings will continue to be weighted towards Asia Pacific and retail in first half of 2018

* Composition of earnings will be weighted towards Americas and Europe in second half of 2018 Source text for Eikon: Further company coverage:

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