After its Thai factory was flooded in 2011, ECCO decided to change its factories, so no factory represented more than 20% of total capacity. This necessitated the move of 35% of ECCO’s production machinery. This again created a need for a tight control of ECCO’s growth to balance this against available capacity.
ECCO's CEO, Dieter Kasprzak, has announced that the company delivered its best ever results in 2013. “We expect 2014 to show increased revenue and #
The more moderate growth rates, and very high product cost increases caused by soaring leather prices and fast-growing production wages, also required a tight focus on efficiencies, and on selling higher value products.
“We were successful in executing this during the year, and the operating margin improved from 15.0% to 16.2%, which is satisfactory,” says Steen Borgholm, ECCO’s CFO. “Controlled growth has been the key to ECCO’s success in 2013 and we will continue this strategy in 2014.”
ECCO, a world-leading brand of shoes combining style and comfort, has built its success on quality and innovative technology. Founded in 1963, ECCO is one of the few major shoe manufacturers in the world to own and manage every step of the shoemaking process. Today, ECCO products are sold in 87 countries at 2,989 ECCO shops and shop-in-shops and a total of 15,000 sales points around the world. The company is family-owned and the workplace to 18,500 employees.
ECCO's CEO, Dieter Kasprzak, has announced that the company delivered its best ever results in 2013. “We expect 2014 to show increased revenue and #
ECCO
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