Home / Knowledge / News / Apparel/Garments / IC Company revenue dips marginally in H1 FY'14
IC Company revenue dips marginally in H1 FY'14
04
Feb '14
Consolidated revenue from continuing operations for H1 2013/14 amounted to DKK 1,775 million which is a decline of DKK 10 million compared to H1 2012/13. The Premium Outdoor segment reported an unchanged revenue level whereas the Premium Contemporary segment generated growth and the Mid Market Contemporary segment suffered revenue setback.
 
The Group’s gross margin amounted to 57.1% for H1 2013/14 and was at the same level as last financial year. The operating profit for H1 2013/14 amounted to DKK 187 million which is an improvement of DKK 11 million compared to H1 2012/13.
 
Revenue from the Premium Outdoor segment for H1 2013/14 amounted to DKK 565 million (DKK 564 million) which is at the same level as last financial year. The segment has reported satisfactory growth in sales to the wholesale customers whereas sales in the retail channel have been disappointing. The Premium Outdoor operating profit for H1 2013/14 amounted to DKK 91 million (DKK 92 million).
 
Revenue from the Premium Contemporary segment rose by 12% to DKK 592 million (DKK 528 million). This growth rate was particularly attributable to the segment’s wholesale channel as well as in sourcing of Tiger of Sweden’s accessory line. The Premium Contemporary operating profit for H1 2013/14 amounted to DKK 58 million (DKK 54 million).
 
Revenue from the Mid Market Contemporary segment suffered a setback of 16% to DKK 395 million (DKK 472 million) which was as expected. The primary reason for this revenue setback is attributable to lower sales to wholesale customers, however, the closure of selected stores also played a contributing factor.
 
The Mid Market Contemporary operating profit for H1 2013/14 rose to DKK 21 million (DKK 11 million) primarily as a consequence of the implemented restructurings and cost saving measures.
 
The gross margin of continuing operations amounted to 57.1% and was thus unchanged compared to last financial year.
 
The capacity costs were reduced by DKK 14 million to DKK 827 million corresponding to a cost rate of 46.6% which is an improvement of 0.5 percentage points compared to last financial year.


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search