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Bestseller announces positive growth for FY 2006-07
28 Dec '07
2 min read
The financial result for Bestseller A/S showed improved growth for the financial year 2006/7. The turnover increased by 17% to € 1,397 mil. (DKK 10,401 mil.), and the profit before taxation increased by 26% to € 275 mil. (DKK 2,041 mil.). Taxes are € 72 mil. (DKK 539 mil.). This result covers Bestseller A/S activities in Europe, the Middle East, and Canada.
The Board of Directors is satisfied with the result.We would like to express our gratitude to all the people working with Bestseller. Without their spirit and hard work, this result would not have been possible. Their talent and commitment to our principles have made the difference.
Customers, partners, and suppliers are the backbone of our growth. It is a fundamental belief in Bestseller that only when they are successful, we are successful.
In order to achieve continued growth for all, we will focus on our core business and our company values. Action will be taken to secure improved performance in our partners' stores.
Competition will grow in the coming years. We welcome this and will respond by investing in additional prime locations, larger stores, and improved logistics in order to meet the competition and fulfill the demand of our customers.
Due to the positive result, an additional € 10 mil.(DKK 75 mil.) has extraordinarily been paid to the Bestseller Fund to be used for charity projects in India, China, and Africa.
Bestseller's expectation for the current financial year is continued growth.
Bestseller is a family-owned clothing company founded in Ringkobing, Denmark, in 1975 by Troels Holch Povlsen.
Bestseller employs more than 15,000 people – designing, developing, selling and marketing Bestseller's brands. Initially, Bestseller's focus was on women's fashion, however, over the years, other trends found their way into Bestseller's heart. In 1986, Bestseller introduced a line for children and two years later, the menswear line came along.
The Board of Directors is satisfied with the result.We would like to express our gratitude to all the people working with Bestseller. Without their spirit and hard work, this result would not have been possible. Their talent and commitment to our principles have made the difference.
Customers, partners, and suppliers are the backbone of our growth. It is a fundamental belief in Bestseller that only when they are successful, we are successful.
In order to achieve continued growth for all, we will focus on our core business and our company values. Action will be taken to secure improved performance in our partners' stores.
Competition will grow in the coming years. We welcome this and will respond by investing in additional prime locations, larger stores, and improved logistics in order to meet the competition and fulfill the demand of our customers.
Due to the positive result, an additional € 10 mil.(DKK 75 mil.) has extraordinarily been paid to the Bestseller Fund to be used for charity projects in India, China, and Africa.
Bestseller's expectation for the current financial year is continued growth.
Bestseller is a family-owned clothing company founded in Ringkobing, Denmark, in 1975 by Troels Holch Povlsen.
Bestseller employs more than 15,000 people – designing, developing, selling and marketing Bestseller's brands. Initially, Bestseller's focus was on women's fashion, however, over the years, other trends found their way into Bestseller's heart. In 1986, Bestseller introduced a line for children and two years later, the menswear line came along.
Bestseller A/S
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