Quiksilver公司第四季度有小幅亏损 前景不容乐观
据SportsOneSource 13日消息，Quiksilver 公司2007年第四季度有小幅亏损，并且未来一年内的利润也会低于期望值。
截至10月31日Quiksilver第4季度净亏损1亿1190万美元，每股下跌89美分；而去年同期净利润为6530万美元，即每股获利51美分。对此该公司归咎于其商业信誉的降低，Rossignol并购费用的庞大支出及克利夫兰高尔夫场的出售。
经调整后第四季度的亏损是6590万美元，这与去年同期的收益额基本持平
Quiksilver 2007 财年的报表数据与其预期相符，但上周出售的克利夫兰高尔夫场未计入其中。
第四季度的营业收入为7792万美元，与去年同期7318万美元相比率有增加。
经过持续的运营，2007财年四季度的净亏损为10490万美元，即每股下跌84美分，其中1700万美元主要为不良信誉资产的损失；而去年同期净利润为6580万美元，即每股收益51美分。
与06财年22亿美元的相比，Quiksilver 2007财年的总营业收入为24.3亿美元，增长10%，扣除税收及其他因素的影响，净利润为7420万美元，而去年则为9410万美元。
Quiksilver董事长兼首席执行官Robert B. McKnight表示: “很高兴的看到我们的服装及鞋类保持强劲的增长势头，本财年营业额为20亿美元，增幅19%。我们坚信在未来数年内在这些业务上我们都会保持营业额的双位数增长及获得较高的收益率。但同时我们在装备行业也存在着一些隐性的困难，这其中包括第四季度中商业信誉的降低。这很不幸，但对我们的未来前景我们仍持乐观态度。在过去的发展中我们经历并克服了困难的市场条件和各种各样的问题，而且有能力并购了比我们更强大的公司。”
在第四季度的营业收入中，与去年同期4亿8180万美元相比Quiksilver服装类品牌增长22%，达5亿8930万美；而与此同时装备类缩减24%，仅为1亿8820万美元，而去年同期为2亿4820万美元。
四季度整个美洲净收入为3亿3480万美元，同比增长15%。
如果以美元计算，四季度在欧洲的净收入增长2%，为3亿5080万美元，去年同期为3亿4240万美元；若以欧元计算，则同比降低了7%.在亚太地区，如果也以美元核算的话，则四季度的净收入下降5%，为9190万美元，而06年同期为9720万美元；若以澳元核算的话，亚太地区则同比增长19%。
纵观07整个财年的综合收入，与去年17亿880万美元相比，服装类品拍牌增幅20%，达20亿4200万美元；而装备的收入却下降了22%，仅为3亿7920万美元。
07全财年在美洲的净收入增长16%,为10亿9210万美元。以美元核算，在欧洲的全年净收入增长7%，达10亿9210万美元；若以欧元核算的话，则下降了3%。在亚太地区若以美元核算全年财政收入则增长2%，为2亿5910万美元；若以澳元核算的话，则下降11%。
在截至07年10月31号，库存资产增长15%,达4亿4730万美元，去年同期为3亿8970万美元，按现行美元汇率核算增长7%；贸易应收帐款增长13%为7亿6040万美元，按现行美元汇率核算，仅增长3%。
当地时间13日，Quiksilver公司发布了其08财年的发展纲要，实现收入27亿美元，每股收益0.7美元。并表示预计下一季度服装鞋类品牌会继续其强劲发展势头，同时装备类在抢夺冬季市场中也会有所成效。
Mariette表示，Quiksilver装备类产品在08年仍会面对一些挑战，在滑雪季来临前这是个将其库存产品销售出去的绝好机遇。他们正积极备战。同时Quiksilver会进一步调整其装备的发展战略，削减非主打产品，以偿还债务，提高资金的利用率。克利夫兰高尔夫球场的出售使其得现汇1亿多美元应用于债务的偿还和重点产品的开发。
McKnight最后总结道，Quiksilver一直以来发展迅速，拥有全球的知名的品牌，它们定位明确，款式众多，与此同时Quiksilver善于沟通，将他们优秀的产品推荐给消费者。“把困难抛在深厚，展望未来我们仍然乐观、充满信心，坚信能够给我们的股东们带来更大的利益。”
原文：Quiksilver Lowers Outlook After Q4 Loss
SportsOneSource Media Posted: 12/13/2007
Quiksilver Inc. forecast a “small loss” for the three months for its first quarter ending in January and lower-than-expected profits for the 12 months through next October.
In its fourth quarter ended Oct. 31, Quiksilver Inc. swung to a fourth-quarter net loss of $110.9 million, or 89 cents a share, from a net profit of $65.3 million, or 51 cents a share, a year ago. The loss was blamed on goodwill impairment and charges tied to its acquisition of Rossignol and its sale of Cleveland Golf..
On an adjusted basis, the company‘s net income for the quarter ended Oct. 31 of $65.9 million, or 51 cents a share, was virtually on par with adjusted income a year earlier of $65.8 million, or 51 cents a share.
The fiscal 2007 pro-forma result is in line with Quiksilver’s expectations after excluding Cleveland Golf, which was sold earlier this week.
Revenue for the quarter was $779.2 million, compared with $731.8 million in the year-ago period.
Consolidated income from continuing operations for the fourth quarter of fiscal 2007 was a loss of $104.9 million or $0.84 per share compared to income of $65.8 million or 51 cents per share the year before. Net revenues and income from continuing operations for all periods excludes the results of our golf equipment business which are reported as discontinued operations. The loss from continuing operations for the fourth quarter of fiscal 2007 includes $170.7 million of non-cash charges primarily related to goodwill impairment, net of tax.
Consolidated net revenues for the full year of fiscal 2007 increased 10% to $2.43 billion compared to $2.20 billion in fiscal 2006. Our pro-forma net income, adjusted to eliminate the tax-effected special charges (primarily non-cash), for the fiscal year 2007 was $74.2 million or $0.57 per share compared to $94.1 million or $0.74 per share the year before. Consolidated income from continuing operations for the full year of fiscal 2007 was a loss of $98.6 million or $0.80 per share compared to income of $94.1 million or $0.74 per share in fiscal 2006. The loss from continuing operations for the full fiscal year includes $172.9 million of primarily non-cash special charges, net of tax.
Robert B. McKnight, Jr., chairman and CEO of Quiksilver, Inc., commented, “We are pleased to see continuing strength in each of our apparel and footwear brands, which grew their revenue for the year by 19% to $2.0 billion. We believe that we can maintain double digit rates of revenue growth and unlock significant profitability in these businesses over the next several years. These strong results are masked by the difficulties we‘ve experienced in the equipment business, which includes the charge we have taken during the fourth quarter to reduce goodwill. While this is unfortunate, we remain optimistic about our longer-term prospects. We have seen and overcome difficult market conditions at a variety of points in our history and have always emerged a stronger company.”
Within consolidated revenues for the fourth quarter, apparel brand revenue grew 22% to $589.3 million from $481.8 million, while equipment brand revenue contracted 24% to $188.2 million from $248.2 million.
Net revenues in the Americas increased 15% during the fourth quarter of fiscal 2007 to $334.8 million from $290.4 million in the fourth quarter of fiscal 2006.
As measured in U.S. dollars and reported in the financial statements, European net revenues increased 2% during the fourth quarter of fiscal 2007 to $350.8 million from $342.4 million in the fourth quarter of fiscal 2006. As measured in euros, European net revenues decreased 7% for those same periods. As measured in U.S. dollars and reported in the financial statements, Asia/Pacific net revenues decreased 5% to $91.9 million in the fourth quarter of fiscal 2007 from $97.2 million in the fourth quarter of fiscal 2006. As measured in Australian dollars, Asia/Pacific net revenues decreased 19% for those same periods.
Within consolidated revenues for the full year, apparel brand revenue grew 20% to $2,042.0 million from $1,708.8 million, while equipment brand revenue contracted 22% to $379.2 million from $486.0 million.
Net revenues in the Americas for the full year of fiscal 2007 increased 16% to $1,092.1 million from $939.4 million in fiscal 2006. As measured in U.S. dollars and reported in the financial statements, European net revenues increased 7% during the full year of fiscal 2007 to $1,070.1 million from $1,002.5 million in fiscal 2006. As measured in euros, European net revenues decreased 3% for the year. As measured in U.S. dollars, Asia/Pacific net revenues increased 2% to $259.1 million from $253.0 million in fiscal 2006. As measured in Australian dollars, Asia/Pacific net revenues decreased 11% for the year.
Consolidated inventories increased 15% to $447.3 million at October 31, 2007 from $389.7 million at October 31, 2006. Inventories grew 7% in constant dollars. Consolidated trade accounts receivable increased 13% to $760.4 million at October 31, 2007 from $674.7 million at October 31, 2006. Consolidated trade accounts receivable increased 3% in constant dollars.
The company today outlined initial fiscal 2008 outlook for revenues of $2.7 billion and earnings per share of approximately $0.70. The company also noted that the first quarter is expected to continue to reflect strong apparel and footwear business as well as the effects of a challenging winter equipment market. As a result, the company currently expects to generate revenues of approximately $600 million and to incur a small loss for the quarter.
Mariette continued, “While fiscal 2008 will still hold some challenges in the equipment business, the market has an excellent opportunity to right-size its inventories and return to more normalized levels of sales in next year’s ski season. We are positioning for this and are working to put processes and people in place to make the most of the opportunity. At the same time, we continue to explore strategies to further reduce our exposure to the non-strategic parts of our equipment business, to repay indebtedness, and to improve our working capital utilization. The sale of Cleveland Golf, which has now been closed, was a great transaction that provides over $100 million of net cash for debt repayment and enables us to better focus on our core opportunities.”
McKnight concluded, “This company has grown tremendously over the years. We have brands that, within their niches, are as strong as any in the world. We have created clear identities and broad appeal for each of them. We‘ve proven highly capable of communicating their messages to consumers with great product and outstanding marketing. As we look ahead to the future and put the difficulty of the past year behind us, we remain optimistic, confidence in our strengths, and in a position to leverage them on behalf of our shareholders.”
