A rangeer and surfboard shaper named Gordon merchandiser and his partner founded it on Australias Gold Coast binding in 1973. Billabong started out just making boardshorts and found present(prenominal) success with surfers drawn to the superior functionality and durability of the Billabong boardshorts. By the 1980s, Billabong had unwaveringly established its place in the Australian surf coating and was ready for international expansion. The initial focus was the large matrimony American market and, again, the brand enjoyed success. Through the 1990s the surf industry grew exponentially and professional surfing gain a newfound respectability. The company then followed its core customers into other boardsports markets, including skate and snowboarding. By the close of the decade, Billabong had been restructured to capitalize on the growing spheric opportunities in the boardsports sector. The restructure set the foundation for the initial customary offering in Australia in mid 2000. The move adage the companys shares publicly listed on the Australian furrow Exchange in August of the that year, this gave the company greater neural impulse and the fiscal capacity to grow the business.
Since then, the company has demonstrated their result plans by acquiring such companies as Von Zipper, Element, Honolulu surfboard Company, Kustom Footwear, Palmers Surf and Nixon watches and accessories. Total gross sales grew from approximately $110 gazillion in 1999 to more than $1 billion in the 2005-06 financial year. ( www.billabongbiz.com)
During the 2006-07 financial year, Billabong recorded over $1.23 billion in sales revenue, more than double the total sales revenue from 5 years ago. Net income was up to just over $167.6 million. Assets for Billabong be $1.39 billion, liabilities $630.8 million and stockholders equity $759.6 million. Investors saw an earning of 81.2 cents per share and received a dividend payout of 50.5 cents per share. In all, Billabongs return on equity...If you want to purport a full essay, order it on our website: Ordercustompaper.com
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