COMUNICADO: Escala Group Announces Fiscal 2006 Third-quarter and Nine-month Earnings Results (y 2)

Actualizado 10/05/2006 4:43:03 CET

Statements contained in this presentation that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Factors that may cause such differences include changes in market conditions, changes in economic environment, competitive factors and the other factors discussed in the "forward-looking information" or "risk factors" sections included in ESCL's filings with the Securities and Exchange Commission, including ESCL's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, prospectuses and other documents that ESCL has filed with the Commission. In particular, any statement related to ESCL's expected revenues or earnings or ESCL's being well positioned for future profitability and growth are forward-looking statements.

The words "should," "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan" and similar expressions and variations thereof identify certain of such forward-looking statements, which speak only as of the dates on which they were made. Additionally, any statements related to future improved performance and estimates of revenues and earnings per share are forward-looking statements. ESCL undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

(ESCL)


ESCALA GROUP, INC.
Condensed Consolidated Statements of Earnings
For the Three and Nine Months Ended March 31, 2006
(thousands of US$ except per share data)
(Unaudited)
Three Months ended Nine Months ended
March 31, March 31,
2006 2005 2006 2005
Aggregate Sales $1,152,643 $74,687 $2,623,819 $210,694

Operating revenues
Sales - trading $1,058,096 $-- $2,358,635 $--
Sales of inventory 28,669 25,185 70,322 76,167
Sales of inventory
- related party 45,525 26,027 131,240 75,144
Commissions earned 3,623 4,500 11,763 11,431
Total revenues 1,135,913 55,712 2,571,960 162,742

Cost of merchandise sold
Cost of sales - trading 1,055,278 -- 2,352,731 --
Cost of merchandise sold 24,135 23,168 60,707 70,595
Cost of merchandise
sold - related party 27,248 10,868 74,517 33,868
Gross profit 29,252 21,676 84,005 58,279

Operating expenses
General and
administrative 6,298 3,827 18,248 9,924
Salaries and wages 5,080 3,101 13,975 9,569
Depreciation and
amortization 543 299 1,507 856
Marketing 741 1,062 2,580 2,778
Total operating
expenses 12,662 8,289 36,310 23,127
Operating income 16,590 13,387 47,695 35,152

Other income (expense)
Interest income 694 268 1,592 662
Interest expense (816) (234) (1,614) (758)
Other (107) (270) (148) (402)
Earnings before income
taxes 16,361 13,151 47,525 34,654
Provision for income taxes 5,769 4,963 17,410 13,677
Minority interest - related
party 148 -- 243 --

Net income $10,444 $8,188 $29,872 $20,977

EBITDA $17,572 $13,684 $50,403 $36,268

Three Months ended Nine Months ended
March 31, March 31,
Earnings per Share
Schedule 2005 2004 2005 2004

Net Income $10,444 $8,188 $29,872 $20,977
Basic Earnings per
Share
Weighted average
shares
outstanding 28,027 27,438 27,832 27,393
Basic earnings per
share $0.37 $0.30 $1.07 $0.77

Diluted Earnings
per Share
Weighted average
shares
outstanding 29,167 28,668 29,014 28,692
Diluted earnings
per share $0.36 $0.29 $1.03 $0.73


EBITDA
Reconciliation
Schedule

Net Income: $10,444 $8,188 $29,872 $20,977
Plus:
Interest expense 816 234 1,614 758
Provision for
income taxes 5,769 4,963 17,410 13,677
Depreciation 543 299 1,507 856
EBITDA $17,572 $13,684 $50,403 $36,268

Perry Hall, Senior Vice President, Corporate & Brand Communications, +1-212-421-9400

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