Ecco takes satisfaction from record revenue
22/03/2019
Its profit before tax on this turnover was €201 million, compared to €184 million in 2017. The company said this was the highest profit in its 55-year history.
Direct-to-consumer sales showed good growth, with a 10% increase in retail sales and a 36% increase in online sales. Ecco’s performance was especially strong in North America, where revenue grew by 13%, and Asia, were revenue was up 11% year-on-year.
Discussing these results, ECOO CEO Steen Borgholm said: “It is very satisfactory for the employees to see all their hard work and enthusiasm rewarded with such a good result; particularly when taking into account that the retail industry is going through a disruptive period and is facing many challenges.”
He added that the company would continue to invest in the development of new innovations in both its shoe and leather divisions.
Image credit: Ecco.
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