Mariella Burani Fashion Group has reported first quarter income up 20% to EUR16.7m (US$25.8m), thanks in part to strong leather goods sales.

The Italian fashion company said that its consolidated revenues of during the quarter increased to EUR181.2m from EUR178.1m for the same period in 2007.

Total revenues reflected the net impact of the disposal of its multi-brand retail division in May last year, the consolidation of Valente and Calgaro (fashion jewellery), and the acquisition of Dadorosa (leather goods) in June 2007, the company said.

Organic revenues grew by 12.8% during the period.

The group's total growth was driven primarily by strong performance of its leather goods division, which realised 18.5% growth during the quarter.

Its leather goods and fashion jewellery divisions together generated 63.4% of revenues, Mariella said, versus 50.9% last year.

"The 2008 first quarter has proven extremely dynamic with strategic acquisitions, product launches, senior management appointments, and the continued extension of the retail network," a company statement said.

Its strategic acquisitions included the purchase of 100% of Finduck, owner of the Mandarina Duck luxury goods brand.

The company made the following outlook: "The encouraging sell-out statistics of the Spring/Summer 2008 collections, the positive performance in the first quarter of the year, and the acquisition of Finduck, lead management to expect continued dynamic growth in 2008."