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Scholl footwear posts modest growth

23/05/2007


UK-based SSL International has posted underlying sales growth of 8% for the fiscal year, ended March 31, boosted by strong growth in its Scholl Footcare products. 

Scholl footcare sales improved 6%, boosted by new products, however,
Scholl footwear saw more modest growth at 1.8%, as strong European sales were offset by a less positive performance in Japan and Thailand.

Commenting on the results, Garry Watts, CEO said, "Sales, profits and margins are firmly ahead of last year, and we've exceeded our 10% operating profit growth target. We're spending more on new products, on advertising and promotion and we've bought and integrated our Chinese business.”

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