ECCO records improved performance in 2004
Danish shoe group ECCO has released figures for 2004 which show strong performance, increased earnings and growth in all sales regions and product categories.
Pre-tax profit rose DKK 86.2 million ($15.253 million) or 71.7% to DKK 206.4 million ($36.522 million) from DKK 120.2 million ($21.271 million) in 2003. Net profit reached DKK 150.7 million ($26.669 million) compared with DKK 61.8 million ($10.936 million) in 2003. The group attributes the rise in profit to a 7.3% sales increase to 12,045,000 pairs of shoes, a record-high number, and the highest growth rate for the past five years. Growth was recorded in all product categories, in which ECCO has chosen to be in the market.