Jan 29, 2016
ST Dupont's recovery continues thanks to a positive third quarter
Jan 29, 2016
The French luxury goods company announced on Thursday that its recovery continues, thanks to a third quarter net income allowing it to reduce losses across the whole non-standard fiscal year.
The company stated in a press release that, in its non-calendar third quarter, from September to December 2015, it recorded a 20% rise in revenue, with a net income of €1.9 million, equivalent to a 15.6% increase compared to the previous year.
"The most dynamic markets in the quarter were the USA and Korea, compensating for the downturn in eastern European markets," the group has stated.
For the nine months closing at the end of December (non-standard fiscal year), ST Dupont reported a net loss of €1.1 million, "an improvement of + €1.1 million compared to the previous year," the luxury goods company (pens, lighters, leather goods) has stated.
ST Dupont ended 2015 with liabilities for €7.7 million, compared to €7.2 million at the end of December 2014 and €5.5 million at the start of the current fiscal year.
Copyright © 2023 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.