Home / Knowledge / News / Apparel/Garments / IC Companys A/S manages to register 6% growth
IC Companys A/S manages to register 6% growth
20
Nov '08
At its meeting on 18 November 2008 The Board of Directors of IC Companys A/S considered and adopted the interim financial statements for the period 1 July – 30 September 2008.

•Revenue in the first quarter came to DKK 1,262 million (DKK 1,190 million) which corresponds to a 6% growth.

•Wholesale revenue rose by 5% to DKK 946 million (DKK 897 million). In-season sales are achieved at the same level as last year.

•Retail revenue increased by 5% to DKK 276 million (DKK 262 million). Same-store sales are achieved at the same level as last year.

•Gross profit in the first quarter came to DKK 754 million (DKK 725 million) which equals a 4% growth.

•Operating costs came in at DKK 524 million (DKK 475 million). The development is affected by restructuring costs totaling DKK 23 million concerning previously announced organizational changes.

•Operating profit in the first quarter is down 8% to DKK 230 million (DKK 249 million) corresponding to an EBIT margin of 18.3% (21.0%). Adjusted for restructuring costs, the cost efficiency is marginally improved as compared to last year.

•Order intake for the 2009 spring collections is completed showing a 1% setback as measured against last year. The total growth in order intake for 3 of a total of 4 seasons amounts to 5%.

•The Group has closed down its sourcing office in Copenhagen and has instead established new sourcing offices in Hanoi, Vietnam and Delhi, India. In cooperation with the office in Dhaka, Bangladesh, these offices will handle the sourcing for South Asia under joint regional management.

IC Companys A/S


Must ReadView All

Trump announces tariffs on $200 bn worth Chinese imports

Apparel/Garments | On 18th Sep 2018

Trump announces tariffs on $200 bn worth Chinese imports

US President Donald Trump escalated the trade war with China on...

Courtesy: Sunrise Bumi Textiles

Textiles | On 18th Sep 2018

Sunrise Bumi developing new products for profitability

Sunrise Bumi Textiles, one of the world's leading quality yarn...

New Zealand bans sheep mulesing

Textiles | On 18th Sep 2018

New Zealand bans sheep mulesing

New Zealand has banned the practice of mulseing sheep, making the...

Interviews View All

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

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

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


September 2018

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

news category


Related Categories:

Advanced Search