Ecco Slovak sales jump 200% in 2000
The Czech footwear producer Ecco Slovak has reported sales of Sk1.224bn ($24.5m) for the year 2000 – a 200% increase on the Sk454m ($9m) posted in 1999. This year, the company is planning a 30 per cent increase in turnover.
Speaking to a local news service, financial manager Jozef Valach said that in 1999 the company experienced a Sk53m ($1m) loss. Last year, however, it was able to trade its way back into the black, turning in a pre-tax profit of around Sk35m ($699,313).
Between 1998 when the company was set up to the end of last year, Ecco Slovak invested Sk575m ($11.5m). It is planning to double its investment this year and also substantially increase its workforce.
A wholly owned subsidiary of Ecco Sko Denmark, Ecco Slovak has total share capital of Sk230m ($4.6m) and specialises in the production of luxury shoes for export markets.
