MATINIQUE
DK COMPANY AT CIFF
Blend: B4-003 | b.young: C2-044 | Casual Friday: B4-003 |
Cream: C2-043 | Culture: C1-004 | Denim Hunter: C2-040 |
Dranella: C2-047 | Educe: C1-004 | Kaffe: C2-045 |
Karen by Simonsen: E-Syd 028 | ICHI: E-Syd 032 | InWear: E-Syd 034 |
Matinique: B4-001 | Part Two: C2-041 | Pulz: C1-004 |
Soaked in Luxury: C2-042 | Fransa: C2-046
KAREN BY SIMONSEN
Summary
DK Company A/S meets the expectations
and realizes for 2016 the highest turn-
over of EUR 373 million and the best result
ever of EUR 14 million. The management
expresses its satisfaction with the record-
breaking result of 2016: a turnover of EUR
373 million, 14 percent higher than last
year, and an increase of EUR 46 million,
corresponding to a growth of 12 percent
compared to 2015, a new record for the
Group.
The year 2016 has been influenced by ac-
quisition and implementation of the three
brands Culture, Educe and Pulz Jeans,
resulting in extraordinary costs of more
than EUR one million. In February 2016
DK Company bought back the 10 % shares
from IC Group, and in March DK Company Concerning 2017 Jens Poulsen says:
Group CEO Jens Poulsen says: extremely positive year where our three
was delisted from the stock exchange First
North Premier.
- After several years with strategic acquisi-
tions I am pleased that we succeed in cre-
ating organic growth. The organic growth
represents 8 percent of the total increase,
which is at a satisfying level. The positive
development is spread among more than
60 markets and our 20 brands, and our
business platform has been strengthened
through the latest year with even more risk
spreading due to the many brands and mar-
kets. In the overall context, we are satisfied
with the result of 2016, we have performed
very well, but we are also aware that we
can improve our results at the bottom line.
- Soon we will be half way through 2017,
and I am happy to see that we expect an
distribution channels wholesale, retail and
online are expected to sell about 25 mil-
lion pieces with all channels contributing
to a positive result. It is a very satisfactory
development, and we expect that the result
of H1 will be higher than the result for the
whole year of 2016. Also, our order book
looks promising, and therefore we expect
a result in 2017 of minimum the double of
2016 and a turnover of EUR 413 million,
corresponding to a