Ecco Brand 2015 Introduction Of Some Financial Data

Denmark

Ecco2015 part of the report shows: net sales amounted to 1 billion 300 million euros, net profit rose 4% to 183 million euros, an increase of 7.4% over the same period last year, the profit margin was 14.6%; Ecco and its dealers opened 174 stores in 2015, and the number of net sales increased to 95.

According to the official website of the brand, some financial data for Ecco in 2015 are as follows:

Net sales amounted to 1 billion 300 million euros (at current exchange rate of 9 billion 400 million yuan), an increase of 7.4% over the same period last year.

Net profit rose 4% to 183 million euros, with a profit margin of 14.6%.

Ecco and its dealers opened 174 new stores in 2015, while optimizing the closure of some stores, with a net increase of 95 stores.

Investment grew by 18% to 52 million euros, and net assets rose to 579 million euros.

Debt repayment ratio (i.e. the ratio of operating cash flow to debt balance) is 61.1%.

CEO Dieter Kasprzak said that the Innovation Series launched by Ecco in 2015 was a great success.

"The success of these results stems from our well executed series of strategic measures," Mr. "This is a prerequisite for continuously improving profits in challenging global markets.

Ecco in Europe

Sales outside the company have grown significantly, exceeding the group's total sales for the first time in history for 50%.

The company said they were closer to the goal of creating a balanced market mix.

CFO Steen Borgholm Borgholm of Ecco said that it is gratifying to get such a good result in a difficult market environment.

"By accelerating the expansion of stores, landing more e-commerce sites, and working closely with wholesalers, we successfully filled the gap in the decline of sales in the European market.

In addition to Russia and Ukraine, we have achieved sales growth in three major channels of retail, e-commerce and wholesale in the three overseas markets.