During the second quarter of the year, the Brazil based footwear company, presented net revenue with modest growth (1%). Profit is now recovering and grew 9.4% in the second quarter, after a 5.7% decline in the first quarter
The Brazil based company posted net revenue up by 14.1% in the first quarter of the year. Net income was 38.50 million euros, a 26.3% growth from similar period last year
In 2013, Brazil's footwear exports were characterized by stability, with a modest variance of 0.2% in the value of sales abroad and an increase of 8.5% in volume. With increasing production, and imports growing 9.8% in quantity and 12.5% in value, the domestic market is quite dynamic.