IC Companys forecasts 2007/08 revenue growth of 12%
12 Sep '07
3 min read
The Group's continuing brands achieved a revenue growth of 14%. Operating profit (EBIT) achieved an improvement of 12% to DKK 340 million.
In 2007/08 revenue growth of 12% - 15% is forecast and operating profit is expected to show a growth of 30% - 40%.
The Board of Directors of IC Companys A/S has approved the audited Annual Report for the period 1 July 2006 – 30 June 2007: • Continuing brands accomplished a revenue growth of 14%. The total revenue was DKK 3,354 million. • Operating profit before special items increased by DKK 37 million or 12% to DKK 340 million. The Group has launched several growth initiatives that have added 0.5 percentage points to the share of costs. Parallel to these initiatives, the cost efficiency increased by 0.8 percentage points in the second half year. • All distribution channels achieved progress. The most significant was recorded in the Group's own retail stores with a 33% growth in earnings and a 15% growth in revenue, of which 9% is attributed to same store growth. • The net profit of the year was DKK 241 million (DKK 224 million). • After several years of decline, Jackpot shows signs of stabilisation. Between March and August 2007, Jackpot achieved growth in own stores. • Order intake for the first two of the four collections in the financial year 2007/08 has been completed with a combined growth of 13%. Seven out of ten brands advance by double digit growth rates. Order intake for the spring collection 2008 progresses as planned and a growth of 11 – 13% is expected.
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