MILAN — Marzotto is not expecting profit and revenue growth this year, but the company’s executives told analysts Thursday that 2004 should be brighter, citing a double-digit jump in Valentino’s spring orders and the successful restructuring of the textile division, which has been losing money over the last few years.

Marzotto said its consolidated 2003 earnings before interest and taxes and sales should come in line with those figures for full-year 2002. In 2002, EBIT was $148.94 million (converted from 125.3 million euros at current exchange), while sales were $2.13 billion (1.79 billion euros).

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