The German group is anticipating this new jump in sales for the current financial year after the excellent performance recorded in the previous one, ended last May 31. The final consolidated figures show that it reached a turnover of €625.3 million for the past year, or 17.6 percent more than the year before. Sales grew at a double-digit rate on the difficult German market, but sales outside Germany rose faster to represent 46.1 percent of the total, compared with 43.1 percent in 2004/05.
The figures include the turnover of Novi Footwear, the large Asian sourcing company controlled by Wortmann and based in Hong-Kong and Singapore, as well as the branded footwear marketed under the Tamaris, Wendel, Caprice, S.Oliver and Comma brand names. In addition to the sale of more than 40 million pairs of basic shoe models, the group continued to raise to over 20 million pairs the quantities of shoes sold in the fashion segment.
Wortmann, which employs more than 680 people directly and 27,000 indirectly around the world, increased its investments slightly last year to €13.4 million. Launched at a test site in Berlin last October, its new franchised Tamaris shop concept is performing better than expected. The number of partner stores has already risen to nine and should build up to 12 by the end of this year.