Billabong International news and archive

Billabong H1 net loss widens to 18.4 mn Australian dollars

Billabong International Limited reported EBITDA for the six months ended December 31, 2017 was 19.3 million Australian dollars (15 million dollars), compared with 23.9 million Australian dollars (18.6 million dollars) in the prior corresponding period, down 19.1 percent as reported and 15.9 percent in constant currency. Total revenues for the...

ManagementFeatured

Billabong's turnaround effort boosts FY17 EBITDA

In its interim trading update, Billabong International has announced that the company’s EBITDA for the year of 51.1 million Australian dollars (38.5 million dollars) was up 2.8 percent on a constant currency basis, and was less than a million dollars below the guidance range that it provided at the 2016 AGM and affirmed again in February. “The...

ManagementFeatured

Billabong annual net loss widens to 77.1 mn dollars

Total sales at Billabong International for the 12 months to June 30, 2017 of 974.7 million Australian dollars (778 million dollars) were down 4.7 percent cc, excluding Tigerlily and Sector 9. The company said after a predominately non-cash impairment charge of 106.5 million Australian dollars (84.9 million dollars), the net loss after tax was...

Report

Elliott Weinstein appointed nominee director to Billabong board

Billabong International Limited has announced that Jason Mozingo, senior managing director of Centerbridge Partners resigned from the Billabong board effective June 30, 2017. In his place, Centerbridge has appointed Elliott Weinstein as their nominee director. In a statement, Billabong Chair, Ian Pollard, thanked Mozingo for his years of...

Report

Billabong appoints Kim Anderson to its board of directors

Billabong International has appointed Kim Anderson to its board of directors effective from December 9, 2016. She is currently a non-executive director for Carsales.com.au and WPPAUNZ (formed this year from the merger of STW Group and WPP). On her appointment, Billabong’s Chair, Ian Pollard, said in the announcement, “Anderson brings extensive...

People

Billabong Director Matthew Wilson resigns

Matthew Wilson has resigned as Director of Billabong International owing to a potential conflict in Oaktree’s investment portfolio. The Group has also announced that Thomas Casarella, an Alternate Director for Wilson has also therefore put in his papers. “On behalf of my fellow Directors I would like to acknowledge and thank Matthew Wilson for...

Business|REPORT Featured

Billabong manages to book profits in four years

Billabong International announcing its full-year financial results to June 30, 2015, said turnaround accelerating with net profit after tax, including significant items and discontinued businesses (NPAT) of 4.2 million Australian dollars (2.9 million dollars) compared to a 233.7 million Australian dollars (166.2 million dollars) loss for the...

Business|REPORT

Billabong returns to profitability in the first half of 2014

Billabong International for half-year ending December 31, 2014 said that the group returned to profitability with net profit after tax of 25.7 million Australian dollars (20.1 million dollars), compared to a loss of 126.3 million Australian dollars (99 million dollars) for the previous corresponding period. Excluding significant items and...