After high quarterly growth in 2002 and 2001, the DAMARTEX Group’s turnover as of 30 September 2003 rose by 3.5%. With equivalent foreign exchange rates, the increase amounted to 6.9%.

Overall, this development is in line with annual growth objectives and confirms the sound decision to reinforce the early season collections. It was achieved against the backdrop of an exceptional heatwave in Europe which had a particularly severe adverse impact on store networks.

Sales in France rose by 6.6%, despite there being less customers in stores. On the other hand, distance selling rose by over 10% during the period in question.

In Belgium, where business is based on around fifty stores, sales were down by 5.5%. Sales in Switzerland dropped by 9.9%.

Japan is currently 16% down, with an equivalent exchange rate and consolidation scope, the turnover for the quarter representing less than 20% of its season.

Great Britain started the season well with sales up by 6.2% (+16.9% with an equivalent exchange rate).

<< back