Good year for Ecco despite Thai flood damage

13/03/2012
Vertically integrated Danish footwear company Ecco increased its turnover by $177 million in 2011 compared to the previous year. Profits for the year were $160 million.

Chief operating officer, Michael Hauge Sørensen, said on announcing the results: “A lot of things went well for Ecco in 2011, but the year was not without challenges. The low point came when our factory and tannery in Thailand were hit by massive floods in October. But our employees pulled together and displayed tremendous determination and ability to get things up and running again.”

Sales of Ecco’s golf shoes increased by 42% in 2011 and, although European markets were affected by the general economic situation there, there was strong growth in Asia and North America.