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The global fashion business journal

Nov 27, 20207:02am

Canada Goose increases benefit 53.8% in 2018

Luxury Canadian company generated profits of 152.46 million euros in the 2018 fiscal exercise, while sales elevated a 40.5%, until 551.47 million.

May 30, 2019 — 1:00pm
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Canada Goose increases benefit 53.8% in 2018

 

Canada Goose grows at double-digit. Luxury clothes' Canadian brand registered an adjusted gross benefit (Ebitda) of 229.6 Canadian dollars (152.46 million euros) in the 2018 fiscal exercise (closed at 31 March), which implied a rise of a 53.8% when the benefit positioned in 149.2 million Canadian dollars (99 million euros) in the previous year.

 

Sales, for its part, grew a 40.5% in the last year, until 830.5 million Canadian dollars (551.47 million euros). The growth was provoked by the rise of the income in all the regions where the company operates. In Canada, sales increased a 28.2%, in the United States, a 36.3%, and in the rest of the world, the figure went up to the 60.5%.

 

The business in Canada contributed the 35.3% of the total group's and the rest of the world represented a 34.5%, equilibrating for the first time the incomes between both geographical areas.

 

Canada Goose is planning to moderate its annual growth to a 20% in all its sales within the following three years, after having grew a 40% in the last two fiscal years.

 

The company acquired Baffin at the end of 2018 for 32.5 million Canadian dollars (21.7 million euros), a company specialized in the shoes’ design and fabrication for the cold clime.

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