Billabong expects to report EBIDTA growth in FY17

Total group sales excluding discontinued operations at Billabong were up 4.6 percent to 1.1 billion dollars, while on a constant currency basis the total sales were down slightly for the year. Revenues of the three big brands — Billabong, Element and RVCA — were up 5.3 percent globally. While first half EBIDTA is expected to be down due to challenging market conditions, the company expects EBITDA for the fiscal 2017 to be ahead of the last year.