Ecco brought record sales last year
Esso, a Danish retailer, has published a financial report for the 2014 year. According to the document, the company's sales last year reached record levels, despite the difficult economic conditions in some markets.
Eso's profit before taxes increased by 6,6% - from 165 million euros in 2013 to 176 million euros and amounted to 15% of net revenue. Profit after tax reached € 114 million (2013: € 106 million), an increase of 7,6% year-on-year, while net revenue rose from € 1,1 billion to 1,2 billion last year. The value of assets increased by 15,2%, from 462 million euros to 532 million euros. At the same time, the turnover of Esso Leather, one of the company's suppliers, exceeded 100 million euros.
One of the most important reasons for the good results in the company is called the development control strategy, which has been operating in Esso for the past three years. “The strategy has helped us streamline our business, reduce costs and improve the quality of our products,” said the retailer's CFO Steen Borgholm. One of the most important reasons for the company's good results is the development control strategy that has been in Esso for the past three years. “The strategy has helped us streamline our business, reduce costs and improve the quality of our products,” said the retailer's CFO Steen Borgholm.
Let us remind you that Esso is a Danish footwear manufacturer. In 2013, the brand celebrated its 50th anniversary. Esso collections of men's, women's and children's footwear are presented in 3060 stores in 88 countries of the world.
Esso, a Danish retailer, has published a financial report for the 2014 year. According to the document, the company's sales last year reached record levels, despite the difficult economic conditions on some ...
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