Ecco reported sales of €1.092 billion for 2020, down 19.7 percent from €1.36 billion a year ago.
Profit before tax reached €44.7 million, down from €195.8 million a year ago. EBITDA declined 54 percent to 119 million.
“Ecco’s 2002 results reflect the unprecedented impact of the pandemic, which led to a temporary closure of most of our shops and unparalleled decline in profits; however our business model and organization have once again proven robust, allowing us to act swiftly in terms of changes,” said Ecco’s CEO Steen Borgholm in a statement.
More details are available here.
Photo courtesy Ecco
