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WORTMANN increases turnover by 15,1%
10.11.2011 2575

WORTMANN increases turnover by 15,1%

The Wortmann shoe holding company from the German city of Detmold has published the final results of the past fiscal year 2010-2011. (as of May 31). The company's turnover increased by 15,1%, thereby reaching 957,7 million euros. In the previous year, the total turnover of the holding company amounted to 832,1 million euros.

With a record profit of more than 125 million euros, the holding group achieved the highest growth in the company's history. For outstanding achievements, the Wortmann group of companies paid its employees an additional monthly salary as a bonus. Compared to the previous year, the export quota slightly increased: from 51,8% to 52,7%. In almost all export markets, profit growth was double-digit. The highest turnover growth rates were observed in Russia, Benelux countries and France. The turnover growth rate of Novi Footwear Fareast Ltd., representing the interests of the holding outside Europe (in Hong Kong and Singapore), has made a definite figure and also follows the course of successful development. Wortmann shoes are sold in more than 15 000 shoe stores located in more than 70 countries around the world.

The Tamaris brand, a leading brand in the Wortmann holding group, continues to develop the concept of its retail space through a system partnership. At the moment there is a brand represented by 519 retail space, of which 164 are monobrand stores and 355 are branded zones. This figure corresponds to an increase of about 45%. 19 stores and 26 branded zones for which agreements have already been signed will be added to them. About 35% of retail space is located outside Germany. The marketing budget of the Tamaris brand, amounting to tens of millions of euros, is one of the largest among European shoe manufacturers. Since the autumn-winter season of 2011, Tamaris has for the first time included licensed products in its program, such as collections of clothing, jewelry and watches. Sales of new collections will initially be done through mail order trading.

In the first half of the current fiscal year 2011-2012 (the autumn-winter season of 2011-2012), Wortmann again expects growth, which will be expressed in a double-digit figure. In addition, since July this year, the spring-summer collection of 2012 has already been on sale

Producing 29,8 million pairs of shoes for the fashion segment, as well as 34,1 million pairs of shoes for the standard segment, the Wortmann group of companies is Europe’s largest shoe manufacturing and marketing company. In Europe, the group of companies is represented by brands such as Tamaris, Marco Tozzi, Caprice, Jana and s.Oliver-shoes, and in Asia by Novi Footwear Fareast Ltd. Wortmann has nine representative offices in Europe and another eleven in the countries of the Far East.

The Wortmann shoe holding company from the German city of Detmold has published the final results of the past fiscal year 2010-2011. (as of May 31).
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