ITALY: FY Sales Up 40% At Freddy
Italian sportswear and athletic footwear producer Freddy on Wednesday reported a 40 per cent year-on-year jump in full year turnover to $23 million. The company, which sells the vast majority of its goods in more than 1,500 stores around Italy, said it expects that figure to grow to $39m in 2003 and added its 2002 pre-tax earnings soared 46 per cent from 2001 without providing a figure.
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