Loisirs & Création recorded a negative operating margin of -1.7 million euros after taking into account pre-opening costs. Turnover reached 13.7 million euros, up by 8.4 percent, and fell by 5.2 percent for a comparable surface area.
The Group
After the consolidation of the dyeing and logistics operations of Sportswear business activities in Alsace, the Group has held negotiations with property investors for the sale of land and a range of industrial buildings in Mulhouse which were no longer required for operations, thereby making the redevelopment of a new industrial site possible.
Success of financial operations
The market operations launched in July 2006 were executed successfully and enabled DMC to reduce its debt substantially, strengthen its equity, and equip itself with the means of its future development.
Perspective
While it may be early to give forecasts for the full results of the 2006 financial year, these should nevertheless meet the objective of substantial improvement on those of 2005.
Dollfus Mieg and Company (DMC) has woven its business through Europe and the rest of the world. It owns and operates two primary core activities: apparel sportswear fabrics (about 50 percent of sales) and craft supplies (such as wool and cotton threads used for needlepoint and embroidery).
marketing@alchempro.com
