All BasicNet articles
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ArticleBasicNet’s revenues inch up 3%
BasicNet generated consolidated revenues of €398.6 million in 2023, up by 2.7 percent from the year earlier, as aggregate group brands revenues slipped by 10.4 percent to €1.14 billion, preliminary results show. The Italian company, which is the parent of such brands as Kappa, Robe di Kappa, K-Way, Superga and ...
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BasicNet’s sales rise, Ebit declines
BasicNet, the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, said that in the first nine months of 2023 consolidated revenues rose by 5.3 percent year-on-year to €297.5 million, while aggregate group brands revenues slipped by 7.6 percent to €858.4 million. Meanwhile, Ebitda increased by ...
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BasicNet's H1 earnings decline
BasicNet, the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, suffered a 30.8 percent decline in first-half net profit to €7.4 million as the bottom line was weighed down by amortization charges and financial items. Ebitda was steady, rising slightly to €22.6 million from €22.4 ...
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BasicNet’s Q1 direct sales lifted by K-Way France acquisition
BasicNet’s Ebit was flat at €10.8 million in the first quarter while Ebitda improved by 5.5 percent to €14.8 million for the period that ended March 31. Consolidated revenues grew by 27.7 percent to €108.0 million, including 36 percent direct sales growth to €91.4 million, aided by the group’s April ...
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BasicNet FY Ebitda rises by 38%
BasicNet, the parent company of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, reported a net profit of €11.2 million in 2022 against earnings of €65.7 million a year earlier, which was bloated by a €60.9 million contribution from K-Way. Annual Ebitda rose by 38 percent to €60.9 ...
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BasicNet posts 34% sales growth in 2022
BasicNet, the Italian parent for the Kappa, K-Way, Superga and Sebago brands, has reported preliminary results for 2022. Final results are due for release on March 9. Group brands’ aggregate sales rose 34.1 percent year-over-year to €1.27 billion in 2022. Commercial licensee and direct aggregate sales grew by 27 percent ...
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BasicNet posts strong 9-month results
BasicNet, the Italian parent of various brands including Kappa, K-Way, Sebago, Superga and Sabelt, generated a 31 percent increase in Ebitda to €44.1 million from €33.6 million for the nine months ended Sep. 30. Ebit increased 37 percent to €33.3 million over the period. A 30 percent improvement in consolidated ...
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BasicNet to open “Basic Village” in Milan
The Italian group BasicNet will open its “Basic Village” in Milan on Sept. 21 during Fashion Week. The 4,500-square meter space will feature offices, showrooms, restaurants, commercial activities and lofts. BasicNet Group is the parent company of the Kappa, K-Way, Sebago and Superga brands. K-Way accounts for 65 to 70 ...
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Superga in co-branding venture with Alaïa
The Belgian fashion designer Pieter Mulier, Alaïa’s creative director since 2021, has reinterpreted two of Superga’s sneakers as part of a co-branding initiative between the fashion house established by the Franco-Tunisian stylist Azzedine Alaïaz and the Italian shoe brand owned by BasicNet. The 2750 and 2790 sneakers were chosen as ...
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ArticleBasicNet sees significant sales growth in Q4
BasicNet said it posted “significant” growth at the end of 2021, with consolidated revenues in the fourth quarter jumping by 26.5 percent from the year-earlier period to €80.0 million, marking an improvement of over 14 percent on 2019. BasicNet, the Italian-based parent company for brands such as Kappa, K-Way, Superga ...
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BasicNet boosts sales, Ebitda
BasicNet said its Ebitda for the third quarter ended Sept. 30 was 23.7 percent higher than in the same period of a year ago and 6.3 percent higher than in the third quarter of 2019. Without providing a quarterly breakdown for other key indicators, the Italian-based parent company of Kappa, ...
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BasicNet posts double-digit sales increases in H1
BasicNet , the parent company of Kappa , Superga , Sebago, K-Way and other brands, has reported aggregated wholesale-equivalent sales of group products of €443 million in the first half of 2021, representing a 20.5 percent increase as compared to the same period last year. The figure includes commercial licensees’ ...
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ArticleBasicNet makes a small profit despite a 15% drop in revenues
BasicNet managed to post a small net profit for the 2010 financial year, in spite of the impact from the Covid-19 pandemic, leading the board of directors to propose the distribution of a small annual dividend of €0.06 per share. Noting that the flexibility of its business model ...
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Sebago in co-branding partnership with Baracuta
Sebago , the brand owned by Italy’s BasicNet , has joined forces with British fashion group Baracuta for a new spring-summer 2020 capsule collection known as “Sebago with Baracuta”. The collection hit stores in late May after a preview at the Pitti Immagine Uomo trade fair in June 2019 ...
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Superga reopens its stores in Spain
Superga , which is owned by the Italian group BasicNet along with brands such as Kappa , K-Way , Sabelt and Sebago , about a week ago reopened its three Spanish mono-brand stores that had been shuttered during the nationwide lockdown caused by the Covid-19 pandemic. The ...
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Superga opens first flagship store in Germany
Superga , part of BasicNet , the parent company of Kappa , K-Way , Superga and other brands, opened a new flagship store in Berlin on May 2. The store covers 80 square meters and is located in the Bikini shopping mall. Superga had already opened a pop-up ...
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BasicNet profits
BasicNet has reported a net profit of €21.05 million for 2019 as compared to €21.01 in the previous year. It actually recorded an increase of 11 percent excluding a tax benefit received in 2018. As previously reported, the aggregated wholesale-equivalent sales generated by its brands, including Kappa and Superga , ...
