Delta Galil to exceed one billion dollars in turnover
Delta Galil has continues to post excellent growth. The Israeli textile firm, which is specialized in intimatewear and whose business includes both its own brands as well as licenses, has released its results for the first half and announced projections that see its sales exceed the one billion dollar mark by the end of the year.
Following a second quarter that continued along the same lines as the first (+6%), the owner of the brands Schiesser and Delta, and licensee of Lacoste, Hilfiger, Maidenform and Marc O'Polo, ended its first half with a turnover of 487 million dollars, or 364 million euros, up 6% compared to the first half of 2013. Its operating income for the first six months amounted to 22.7 million euros, an increase of 19%.
Projections for the full year are optimistic - they see the company exceeding one billion dollars in sales or 780 to 800 million euros, an increase of 7 to 10%. Net income should see double-digit growth, from 33 million euros in 2013 to 37 - 41 million.
The Israeli company’s management has welcomed the persistent growth and plans to continue to expand its main markets, namely Israel, but especially Germany and the United States. It also pleased with having strengthened its branded business in recent years, which has enabled the company to significantly improve its margins.
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