Published
Jan 28, 2016
Jan 28, 2016
Quiksilver reduces revenues and losses in 2015
Published
Jan 28, 2016
Jan 28, 2016
The Quiksilver group has presented the annual results for its non-calendar fiscal year closed on 31st October, while awaiting judicial approval for its debt rescheduling plan devised by Oaktree Capital.

Quiksilver saw its revenue decline by 14%, falling from $1.571 billion in 2013-14 to $1.346 billion in the latest fiscal year. The group reported only a 1% decline in sales at constant exchange rates, and without taking into account the contribution of licensed products.
It also recorded an operational loss of less than $190 million, compared to $253 million a year earlier. The group's net loss amounted to $306 million, compared to $318 million in 2013-14.
Copyright © 2023 FashionNetwork.com All rights reserved.