Strong growth in the Asian and North American markets, plus improvement in the European business, buoyed Ecco to double-digit increases in the firm’s top and bottom lines in 2012.
Profit rose 23.3 percent to 683.7 million Danish krone, or $119.2 million at current exchange, from 554.6 million krone, or $96.7 million.
Revenue totaled 8.06 billion Danish krone, or $1.41 billion, a 13.7 percent increase on 7.09 billion Danish krone, or $1.24 billion, in 2011.
“2012 [was] an exceptionally good year for Ecco. More than anything this was secured by … solid performance in the marketplace by many of our successful products,” Ecco CEO Dieter Kasprzak said in a statement.
Michael Hauge Sørensen, the firm’s COO, also noted, “The positive development in several markets strengthened our geographical diversification, which contributed to the improved result.”
Asia now accounts for 24 percent of total revenue, growing 4 percentage points from 2011; North America grew to 19 percent of the total, from 18 percent; while the Europe, Middle East and Africa regions now make up a collective 57 percent.
Product categories with strong momentum included formal men’s shoes and the women’s Sculptured line, the firm said. Accessories surged 15 percent.
“Looking ahead into 2013, market uncertainty remains high and a number of economies will most likely experience difficulties. After several years of high growth, Ecco expects more moderate growth in 2013,” said Sørensen.