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Business news :Billabong Reaffirms Guidance
At its annual shareholder meeting, Billabong officials reiterated that
it is expecting to deliver EBITDA in the range of Australian $100-$110
in constant currency terms in its year ending June 2013, reaffirming
the company’s previous
guidance. Regarding TPG's decision to withdraw its bid to acquire the
company, Chairman Ted Kunkel said the firm "was not made aware of any
information that caused it concern or of which it was unaware."
The full addresses at the shareholder meeting from the chairman and CEO Launa Inman are available at this link.
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