Isaac Dabah, CEO of Delta Galil, stated, “The Company is off to a strong start for 2014. We delivered our 18th consecutive quarter of organic sales increases and generated record earnings, driven by diverse growth engines such as branded products, activewear and our retail business. Our top-line performance was highlighted by rising sales in Germany and the rest of Europe, and stable results in North America.
"We are enthusiastic about our prospects for the balance 2014, which is expected to be our first year of sales in the $1 billion-plus range, and we are increasing our financial guidance. The Board of Directors is pleased to be able to translate our progress into enhanced returns for shareholders by raising the quarterly dividend.”
“Delta Galil has a solid base for sustained profitable growth,” Mr. Dabah continued. “Our business is well diversified across geographies, branded and private label categories, and the upper, mid-tier and mass market segments. The balance sheet at the end of the first quarter was solid, with nearly $329 million in equity and a strong cash position. During the 2014 first quarter we invested in future growth, with capital expenditures dedicated to two socks joint ventures, additional manufacturing capacity, and our Schiesser and Israel-based retail stores.”
Delta Galil Industries, Ltd., the global manufacturer and marketer of branded and private label apparel products for men, women and children, #
“Our strategy for Delta Galil’s long-term success includes continued investments in innovation and world-class manufacturing; growing organically and through selective acquisitions; building our branded and retail businesses; focusing on opportunities in activewear, socks and seamless products; and expanding our global presence.”
Delta Galil
marketing@alchempro.com
