Självkännedom och estetisk tandvård2012-02-09 19:41 Tandläkare Calle Hagman En del patienter som vill ha estetisk tandvård har ingen realistisk syn på sig själva. ...
2003 saw an increasing earning for ECCO Sko A/S. Profit before tax increased by 46 per cent to 120.2 million DKK. At the same time, ECCO again set another sales record in terms of number of pairs of shoes sold. In total, more than 11.2 million pairs of shoes were sold, equal to a 6.3 per cent increase.
In recent years, ECCO Sko A/S has made large investments to position the Group in order to meet the challenges of the future. In 2003, those investments and organisational changes began to pay off. Despite a weakening within the global footwear business, ECCO achieved a significant increase in profit before tax as well as in number of pairs of shoes sold.
It is very satisfactory that in a difficult international market with keen competition, ECCO comes through 2003 with a strengthened bottom line. The past two years decline in the result has now been turned around. At the same time, it is very positive that our efforts aimed at reducing inventories are proving successful. At the end of 2003, we have managed to release more than 400 million DKK compared to 2001, when the inventories peaked, so Mikael Thinghuus, ECCOs Chief Financial Officer.
ECCOs net turnover for 2003 fell by 5.7 per cent to 3,160 million DKK. More than half of the fall is due to effects of exchange rates especially the continued decline of the US dollar. In addition, the turnover was affected by product and geographical mix.
Despite the reduced net turnover, ECCO achieved a considerable increase in profit before tax. The strengthening of ECCO is also indicated by an increase in profit ratio from 4.6 per cent in 2002 to 5.6 per cent in 2003, and that the solvency ratio has increased from 33.0 to 34.1 per cent.
We expect that 2004 will be better than 2003. Based on the results of the year and the investments planned for the years to come, we have established a good and solid foundation for achieving our goal of global expansion and a stronger market focus. We are well on the way to cementing our global lead, Mikael Thinghuus adds.
In connection with its 40th anniversary in 2003, ECCO set up a number of specific goals that the Group intends to achieve within 10 years: At least a doubling of the number of shoes sold, more than a doubling of the turnover, and a profit before tax of at least 10 per cent of the turnover.
The result for 2003 shows that ECCO Sko A/S is on the right track.
For further information please contact ECCO Sko A/S, Marianne Kalb Møller tel.: +45 7491 1342
In recent years, ECCO Sko A/S has made large investments to position the Group in order to meet the challenges of the future. In 2003, those investments and organisational changes began to pay off. Despite a weakening within the global footwear business, ECCO achieved a significant increase in profit before tax as well as in number of pairs of shoes sold.
It is very satisfactory that in a difficult international market with keen competition, ECCO comes through 2003 with a strengthened bottom line. The past two years decline in the result has now been turned around. At the same time, it is very positive that our efforts aimed at reducing inventories are proving successful. At the end of 2003, we have managed to release more than 400 million DKK compared to 2001, when the inventories peaked, so Mikael Thinghuus, ECCOs Chief Financial Officer.
ECCOs net turnover for 2003 fell by 5.7 per cent to 3,160 million DKK. More than half of the fall is due to effects of exchange rates especially the continued decline of the US dollar. In addition, the turnover was affected by product and geographical mix.
Despite the reduced net turnover, ECCO achieved a considerable increase in profit before tax. The strengthening of ECCO is also indicated by an increase in profit ratio from 4.6 per cent in 2002 to 5.6 per cent in 2003, and that the solvency ratio has increased from 33.0 to 34.1 per cent.
We expect that 2004 will be better than 2003. Based on the results of the year and the investments planned for the years to come, we have established a good and solid foundation for achieving our goal of global expansion and a stronger market focus. We are well on the way to cementing our global lead, Mikael Thinghuus adds.
In connection with its 40th anniversary in 2003, ECCO set up a number of specific goals that the Group intends to achieve within 10 years: At least a doubling of the number of shoes sold, more than a doubling of the turnover, and a profit before tax of at least 10 per cent of the turnover.
The result for 2003 shows that ECCO Sko A/S is on the right track.
For further information please contact ECCO Sko A/S, Marianne Kalb Møller tel.: +45 7491 1342
Kategorisering
- Ämnen:
- Skönhet,
- Design,
- Ekonomi, finans,
- Mode
.JPG "Polarbröd ger utstickande uppdrag till Designhögskolans studenter")
