Danish menswear brand Falbe-Hansen A/S had a terrible year in 2000, with results before tax standing at minus DKR4.9m ($576,722) - DKR6m ($706,191) worse than results in 1999, which stood at DKR1.1m ($129,468).

Turnover in 2000 was DKR96.4m ($11.3m) as against DKR95.7m ($11.2m) in 1999. Increase in turnover was not achieved as expected primarily because of the general low retail sales last autumn, which negatively affected reorders.

The company blamed the poor results on its newly launched casual clothes brand, ICON, which to establish itself on the market and the expected increase in turnover of uniforms has been delayed again.

For 2001 Falbe-Hansen A/S expects at least DKR2m ($235,396) before tax.