Swedish leather group posts 90% increase in profits
23/04/2001
Sweden’s automotive and furniture leather specialist, Elmo Leather Group, has posted profits of SEK 52.2 million ($5.1 million) for the year 2000 – a 90% increase on the previous year’s figure.
Achieved on a turnover of SEK 881.5 million, the increase was attributed to strong demand, higher volumes, better utilisation of resources and continued rationalisation.
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