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Fila US with with double-digit revenue's growth

Apr 6, 2015 United States
Fila US with with double-digit revenue's growth
The dynamic performance in 2014 consolidates growth from the previous two years
Fila US presented revenue up by 29.2% in 2014 and totaling 279.2 million US dollars. Sales reached 216.2 million US dollars in 2013 and 158.8 million US dollars in 2012, which reveals consistent and continuous growth of the Fila business in the US.

The region’s operating margin, however, declined to 6.2% from 7.4% in 2013. Still, the operation margin in the US in 2014 is considerable higher than in 2012 (5.6%).

In the fourth quarter, Fila USA’s sales improved to 66.4 million USD, up by 27.9% from similar period in 2013. When compared to sales generated in the fourth quarter in financial 2012 (36.6 million US dollars) growth in just two year exceeds 80%.

According to parent Fila Korea: “Fila US has shown improvement in both sales and profit since its return to profitability in 2010. Despite the competitive market in the Us and the limited marketing investment, Fila US continued to grow both the revenue and operating profit.”

Companywide, Fila Korea’s revenue on a consolidated basis improved in 2014 and totaled 722.2 million USD. Net income deteriorated, and in 2014 was only two thirds of the income reached in 2013.

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