Strong growth for Ecco in 2013
13/03/2014
Vertically integrated Ecco runs its own leather division, which has tanneries in the Netherlands, Indonesia, Thailand and China. It also runs its own footwear factories.
In 2013, the company invested in a complete refit of its tannery in Indonesia, built a new facility for producing “luxury leathers” in the Netherlands and built a new wastewater treatment plant and biogas unit at its wet end tannery there.
In spite of this level of investment, Ecco recorded revenues of €1.31 billion for the year, an increase of 4.4% on 2012. Profits before tax from this totalled €165.4 million, up by more than 8% on the figure for 2012. The company said its “controlled growth strategy” would continue in 2014.
Share this story:
