The Group's export orientation was enhanced, as 87% of the denim sales volume, its main product, is being exported to more than 35 countries. Its strategy evolves, based on the axes of innovation and creation of fabrics with special characteristics designated for brand name jeans manufacturers.
As it is known, “HELLENIC FABRICS S.A.” is the most technologically advanced European denim manufacturer, where the average age of the Group's machinery is approximately five years. This year's investments in machinery of €5 mln complete the eight-year investment plan of €82 mln.
The Board of Directors does not intend to propose a dividend distribution to the forthcoming ordinary General Shareholders Meeting.
“HELLENIC FABRICS S.A.” possesses a modern and flexible production capacity, significant level of know-how, strong pan-European commercial network and is amongst the largest denim production Groups in Europe, both in terms of financial structure as well as market share.
The Management acknowledges the intensely global competitive environment and is determined to push forward the implementation of its aims in order to put the Group at the top of the market in Europe.
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