Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Billabong International Limited    BBG   AU000000BBG6

End-of-day quote. End-of-day quote  - 09/30
1.255 AUD   -4.56%
08/25 BILLABONG INTER : Updated Securities Trading Policy
08/25 BILLABONG INTER : Appendix 4G and FY16 Corporate Governance Statemen..
08/25 BILLABONG INTER : Full Year Results Presentation
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Billabong Shocks With A$537 Million Loss, Testing Bidders' Resolve

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 12:22am CEST
   By Gavin Lower 
 

MELBOURNE--Takeover target Billabong International Ltd. (>> Billabong International Limited) Friday shocked the market with a gaping net loss and a fresh warning on future earnings that will test the appetite of two U.S. consortia to firm up bids for the Australian surfwear maker.

Billabong booked a net loss for the six months to Dec. 31 of 536.6 million (US$553.0 million) after it took a A$567 million impairment charge relating to the value of its brands and investments. The writedowns are so large that they exceed the company's market capitalization of A$435.8 million ahead of the announcement.

Billabong is battling to reverse an earnings decline triggered by the global slowdown, a strong Australian dollar that has diluted overseas income, and the dwindling appeal of its core brands among younger people. Sales in the Americas and Europe have fallen sharply as cautious consumers rein in spending or switch to other brands, leading to a build up of surplus clothing stock.

The former head of its Americas division, Paul Naude, teamed up with private equity firm Sycamore Partners Management in December to make a A$526.8 million offer for the company. A month later VF Corp. (>> V.F. Corporation), the owner of Timberland and The North Face brands, joined up with Altamont Capital Partners to match the A$1.10-a-share offer from Mr. Naude's group.

Management presentations and site visits continue with both consortia as part of a due diligence process that's expected to end next month, Billabong said Friday.

The company downgraded its guidance for earnings before interest, tax, depreciation and amortization in the fiscal year through June to between A$74 million and A$85 million, from previous guidance of A$85 million-A$92 million.

"The Group has continued to face difficult trading conditions in Europe and the performance of Nixon has not met expectations. Performance of the rest of the group remains broadly in line with expectations," Billabong said in a statement.

At the half-year stage in 2012, Billabong reported a net profit of A$16.1 million.

Write to Gavin Lower at gavin.lower@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Billabong International Limited, V.F. Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BILLABONG INTERNATIONAL LI
08/25 BILLABONG INTERNATIONAL : Updated Securities Trading Policy
08/25 BILLABONG INTERNATIONAL : Appendix 4G and FY16 Corporate Governance Statement
08/25 BILLABONG INTERNATIONAL : Preliminary Final Report & Full Year Statutory Account..
08/25 BILLABONG INTERNATIONAL : Full Year Results Presentation
08/25 BILLABONG INTERNATIONAL : FY16 Media Release
08/22BILLABONG INTERNATIONAL LIMITED : annual earnings release
08/15 BILLABONG INTERNATIONAL : Final Director's Interest Notice
08/09 BILLABONG : Resignation of Alternate Director
08/09 BILLABONG : Final Director's Interest Notice
07/14 BILLABONG : Revolving Credit Facility
More news
Sector news : Apparel Wholesale
09/30 H & M HENNES & MAURITZ : &M upbeat on 2017 prospects as warm weater its Septembe..
09/30DJH & M HENNES & MAURITZ : &M Earnings Fail to Weater eatwave--2nd Update
09/30DJH & M HENNES & MAURITZ : &M Earnings Fail to Weater eatwave
09/30DJH & M HENNES & MAURITZ : &M Earnings Fail to Weater eat, Stronger Dollar--Update
09/30DJH & M HENNES & MAURITZ : &M 3Q Net-Profit Falls 9% on Quarter
More sector news : Apparel Wholesale
News from SeekingAlpha
08/25 BILLABONG's (BLLAF) CEO Neil Fiske on Q4 2016 Results - Earnings Call Transcr..
08/24 Billabong reports FY16 results
2015 Billabong's Turnaround Plans Seem To Be Paying Off
2015 Billabong International's (BLLAY) CEO Neil Fiske on FY15 Results - Earnings C..
2015 Billabong International's (BLLAF) CEO Neil Fiske on Q4 2014 Results - Earning..
Advertisement
Financials ( AUD)
Sales 2017 1 115 M
EBIT 2017 37,2 M
Net income 2017 0,86 M
Debt 2017 188 M
Yield 2017 0,13%
P/E ratio 2017 -
P/E ratio 2018 0,44
EV / Sales 2017 0,40x
EV / Sales 2018 0,39x
Capitalization 260 M
More Financials
Chart BILLABONG INTERNATIONAL LI
Duration : Period :
Billabong International Li Technical Analysis Chart | BBG | AU000000BBG6 | 4-Traders
Full-screen chart
Technical analysis trends BILLABONG INTERNA...
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 1,74  AUD
Spread / Average Target 33%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
McNeil Seymour Fiske Chief Executive Officer, Executive Director & MD
Ian Alfred Pollard Non-Executive Chairman
Peter A. Myers Group Chief Financial Officer
Gordon Stanley Merchant Independent Non-Executive Director
Howard Mowlem Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BILLABONG INTERNATIONA..-49.59%199
LVMH5.18%85 829
HERMES INTL15.41%42 607
H & M HENNES & MAURITZ..-18.27%42 429
CHRISTIAN DIOR1.12%32 309
COMPAGNIE FINANCIERE R..-17.34%31 894
More Results