News Flash

Fashion brand Bestseller total turnover increased by 26 percent

01 Jan '06

2 min read

The financial results for Bestseller showed improved growth for the financial year 2004/2005. The turnover increased by 26 percent to 967M, and the profi t before taxation increased by 49 percent to 198M. Both our wholesale and retail activities showed a record turnover and net profit. The Board of Directors is satisfied with the results.

The improved results have been made together with our customers, partners and suppliers. It is a fundamental belief in Bestseller that we are only successful when people working with our company are successful.

The growth has been built by continuous focus on company values and culture. Mutual respect and trust among all people in our organization have strengthened the closeness and great team work across all countries.

Our profitability has been increased by emphasis on product development, better prices, faster supply chain and enhanced operational skills. Besides, closer co–operation with our suppliers and faster reaction time have enabled us to win market shares.

Due to the strong improvement in the company's result, the Board of Directors has approved an extra bonus of 3.1M to be paid to all employees in the company based on length of employment. The cost hereof is included in the companies financial result. The expectations for the current financial year are growth in both turnover and net profit. Brande, December 2, 2005

Bestseller employs more than 13,000 people worldwide – 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 began to show its face.

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