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Escada declares sterling financial performance
16 Sep '05
3 min read
Thus the figure will outperform the previous expectation of improving EBITDA by at least EUR 10 million for the entire year. Moreover, management also expects the consolidated after-tax profit will increase more than proportionately, to more than EUR 10 million (2003-04: EUR 3.8 million).
New orders for the 2006 Spring/Summer collections were up by more than 10 percent in value against the previous year, for both ESCADA Collection and ESCADA Sport - mainly thanks to the impetus provided by wholesale clients and franchise partners, and to rising demand in Western and Eastern Europe. The level of new orders implies that business performance in 2005-06 will also be satisfactory.
ESCADA is an international luxury fashion group in women's designer fashion. It has pursued a course of steady expansion since its founding in 1976 by Margaretha and Wolfgang Ley and today has 202 own shops and 294 franchise shops/corners in more than 60 countries.
The range of fashions is supplemented with accessories like handbags, shoes and small leather goods. Fragrances, eyewear, scarves, ties and kids wear from licensed partners are also sold under the ESCADA brand.
New orders for the 2006 Spring/Summer collections were up by more than 10 percent in value against the previous year, for both ESCADA Collection and ESCADA Sport - mainly thanks to the impetus provided by wholesale clients and franchise partners, and to rising demand in Western and Eastern Europe. The level of new orders implies that business performance in 2005-06 will also be satisfactory.
ESCADA is an international luxury fashion group in women's designer fashion. It has pursued a course of steady expansion since its founding in 1976 by Margaretha and Wolfgang Ley and today has 202 own shops and 294 franchise shops/corners in more than 60 countries.
The range of fashions is supplemented with accessories like handbags, shoes and small leather goods. Fragrances, eyewear, scarves, ties and kids wear from licensed partners are also sold under the ESCADA brand.
Escada
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