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Lotto Sport Italia posts flat turnover at €257m in 2005
12 Jun '06
5 min read
Sportswear company Lotto Sport Italia SpA has closed 2005 in a satisfactory manner, notwithstanding the recession in the Italian market which has curbed the growth of the brand.
With total sales of €257 million, the company has managed to make up for the less than enthralling performance of the domestic market with its export markets. The end result for the past financial year is therefore in line with the 2004 results, but in the aggregate the company is speeding up its internationalization.
The effort generated once again in 2005 has been translated into an increase in orders and turnover in 2006 - a year in which good recovery in the expansion process is foreseen.
“2005 was a very intense year for company activities,” declared Andrea Tomat, President and CEO of the company.
In 2005, the most important geographical area for Lotto sales was Europe once again, with Italy being the number one market accounting for 26 percent of total sales.
In the central area, essential maintenance of the market position in Germany and Spain coincided with satisfactory growth in Austria (+3 percent) and France (+5 percent), and significant expansion in Belgium and Holland which achieved +44 percent and +26 percent respectively. Results were also very good in Greece (+29 percent) and Turkey (+62 percent). The countries of Eastern Europe have also been strengthened, with a number of markets exhibiting double digit growth (Romania, Slovakia and and Slovenia).
With total sales of €257 million, the company has managed to make up for the less than enthralling performance of the domestic market with its export markets. The end result for the past financial year is therefore in line with the 2004 results, but in the aggregate the company is speeding up its internationalization.
The effort generated once again in 2005 has been translated into an increase in orders and turnover in 2006 - a year in which good recovery in the expansion process is foreseen.
“2005 was a very intense year for company activities,” declared Andrea Tomat, President and CEO of the company.
In 2005, the most important geographical area for Lotto sales was Europe once again, with Italy being the number one market accounting for 26 percent of total sales.
In the central area, essential maintenance of the market position in Germany and Spain coincided with satisfactory growth in Austria (+3 percent) and France (+5 percent), and significant expansion in Belgium and Holland which achieved +44 percent and +26 percent respectively. Results were also very good in Greece (+29 percent) and Turkey (+62 percent). The countries of Eastern Europe have also been strengthened, with a number of markets exhibiting double digit growth (Romania, Slovakia and and Slovenia).
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