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DMC Group net income up 1.2mn for first half 2006
21 Sep '06
3 min read
The economic conditions in the first half of 2006 showed improvement compared to the first two quarters of 2005: a slight strengthening of the euro and a solid dynamic in the Asian markets, particularly for the DMC Creative World branch.
DMC Creative World
The operating margin of DMC Creative World increased to 4.0 million euros compared to 1.8 million euros in the first half of 2005. Turnover remains stable at 43.2 million euros. In Asia, the branch business activity continues to advance (+31.6 percent), especially in China and Japan where the Group has strengthened its local partnerships.
In Europe, the general situation was in sharp contrast (-6.5 percent) but with strong development in the new DMC distribution channels including mass-market retailers (Carrefour, Lectern, FNAC, etc.), and chain stores that specialize in the leisure sector (Leroy-Merlin in Italy, House Fraser in the UK, etc.). In the United States, despite the continued stock reduction in retail channels, business remains stable.
Sportswear
The operating margin of Sportswear fell from 2.9 million euros to 1.9 million euros, with turnover of 42.6 million euros, a decline of 11.6 percent. This drop mainly involves the North American market, due to the closing of the Orangeburg factory. The corduroy season, which is continuing, remains strong due to the creativity and exclusiveness of the collections offered.
Loisirs & Création
The development of the chain storeLoisirs & Creation has been slowed by the sharp drop in beads, despite solid advances made in the “decorative papers” sector (+17 percent). However, overall the chain remains in a growth phase. In this context, the chain has undertaken an extensive renewal of its product range.
DMC Creative World
The operating margin of DMC Creative World increased to 4.0 million euros compared to 1.8 million euros in the first half of 2005. Turnover remains stable at 43.2 million euros. In Asia, the branch business activity continues to advance (+31.6 percent), especially in China and Japan where the Group has strengthened its local partnerships.
In Europe, the general situation was in sharp contrast (-6.5 percent) but with strong development in the new DMC distribution channels including mass-market retailers (Carrefour, Lectern, FNAC, etc.), and chain stores that specialize in the leisure sector (Leroy-Merlin in Italy, House Fraser in the UK, etc.). In the United States, despite the continued stock reduction in retail channels, business remains stable.
Sportswear
The operating margin of Sportswear fell from 2.9 million euros to 1.9 million euros, with turnover of 42.6 million euros, a decline of 11.6 percent. This drop mainly involves the North American market, due to the closing of the Orangeburg factory. The corduroy season, which is continuing, remains strong due to the creativity and exclusiveness of the collections offered.
Loisirs & Création
The development of the chain storeLoisirs & Creation has been slowed by the sharp drop in beads, despite solid advances made in the “decorative papers” sector (+17 percent). However, overall the chain remains in a growth phase. In this context, the chain has undertaken an extensive renewal of its product range.
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