Brantano reports increases in operating income of 27.6 percent before amortization (Ebitda) and 12.5 percent after amortization (Ebit) for the first half ended June 30. The corresponding values were €15.4 million and €9.8 million, respectively, representing 9.9 and 6.3 percent of turnover. As previously reported, the European shoe retailing group’s revenues rose by 4.2 percent to €149.9 million during the period. The gross margin increased from 48.0 to 48.7 percent due to better purchasing and stock management. An extraordinary writeoff of €4.1 million related to the group’s Dutch stores led to a net profit of only €1.6 million for the period, compared with €3.1 million a year ago. Excluding extraordinary charges Brantano would have reached net income of €3.8 million.