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Continued growth under challenging conditions, IC Companys
11 May '11
4 min read
The cost rate for Q3 2010/11 has developed as expected; however, the Group's implemented structural changes are expected to lead to an improved cost rate in the future. During the quarter under review the Group has focused on embedding the new organisational structure which has led to a higher transparency as well as better options for the brands to prioritise efficiently.
Due to this, the Group has decided to introduce a new procedure which means that the process of determining and communicating the Management's expectations for the coming financial year is brought forward and the expectations will consequently be announced as part of the future interim reports for Q3.
Outlook for 2011/12
It is expected that the Group retains the present growth momentum for the financial year 2011/12. The expectations are based on the expansion of the Group's controlled distribution, same-store growth as well as continued growth in the traditional wholesale segment. The expansion of the controlled distribution is based on the opening of new stores, primarily within the franchise segment, as well as the full year effect from store openings during the financial year 2010/11. Growth for the Group's traditional wholesale segment is based on the expectations of continued growth for order intake as well as fewer cancellations.
The Management thus expects the consolidated revenue for the fi nancial year 2011/12 to attain a level of DKK 4.3 - 4.4 billion.
Furthermore, it is still expected that the financial year 2011/12 will be marked by challenging market conditions with rising sourcing costs and fierce competition in the wholesale market. However, the Group's new structure as well as other initiatives are expected to lead to an improved efficiency and resource prioritising.
The Management thus expects the operating profit to attain a level of DKK 400 - 450 million for the financial year 2011/12.
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Due to this, the Group has decided to introduce a new procedure which means that the process of determining and communicating the Management's expectations for the coming financial year is brought forward and the expectations will consequently be announced as part of the future interim reports for Q3.
Outlook for 2011/12
It is expected that the Group retains the present growth momentum for the financial year 2011/12. The expectations are based on the expansion of the Group's controlled distribution, same-store growth as well as continued growth in the traditional wholesale segment. The expansion of the controlled distribution is based on the opening of new stores, primarily within the franchise segment, as well as the full year effect from store openings during the financial year 2010/11. Growth for the Group's traditional wholesale segment is based on the expectations of continued growth for order intake as well as fewer cancellations.
The Management thus expects the consolidated revenue for the fi nancial year 2011/12 to attain a level of DKK 4.3 - 4.4 billion.
Furthermore, it is still expected that the financial year 2011/12 will be marked by challenging market conditions with rising sourcing costs and fierce competition in the wholesale market. However, the Group's new structure as well as other initiatives are expected to lead to an improved efficiency and resource prioritising.
The Management thus expects the operating profit to attain a level of DKK 400 - 450 million for the financial year 2011/12.
Click here for more details
IC Companys A/S
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