ITALY: Strong Results Close 2001 At Lotto Sport
Italian sporting goods and footwear company Lotto Sport Italia reported a 16.2 per cent year-on-year increase in revenue for 2001, to €215m ($186.4 mln) compared to €185m ($160.4 mln) in 2000.
Sales were also strong, registering 17.9 per cent year-on-year growth, while profit after tax rose 30.5 per cent.
In Italy, where Lotto generates 28 per cent of its total sales, turnover increased by 16.4 per cent. Over the past two years, the company was able to build market share considerably for football and tennis, Lotto's president and CEO Andrea Tomat said.
The company expects its sales to increase in 2002. According to Tomat: "We have been gaining important market share, especially in the key markets of soccer, five-a-side football and tennis, where our market presence has grown considerably."
He added that sales of the spring/autumn 2002 tennis shoes collection are expected to increase by 28 per cent year-on-year, and football boots will grow 140 per cent year-on-year.
Companies: Lotto Sport Italia
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