The Wortmann group forecasts a record turnover for the fiscal year ending on March 31. Total revenues are expected to rise by 14 percent, exceeding €950 million, driven by sales outside the domestic German market. All export markets are on the rise and the strongest growth was registered in Russia, the Benelux countries and France. Foreign revenues are expected to reach 52 percent of sales, slightly more than the 51.8 percent share booked in 2010. Wortmann sells in over 70 countries and to more than 15,000 shops.
The outlook is also very positive for the next financial year. Based on the clients' reaction to its 2011 fall/winter collection, Wortmann expects to achieve double-digit growth for the six months ending next September.
The Tamaris brand continues to be one of the group's growth drivers. The brand has 148 mono-label stores and 306 shop-in-shops, and another 23 stores and 32 shop-in-shops are already under contract. About 40 percent of the locations are abroad.
At the end of 2010, Wortmann started operating a new logistics center in Detmold, Germany, with the delivery of the spring/summer collection. The facility cost €35 million and can handle 500,000 pairs a day with one shift. During the peak season, handling can be increased by introducing a second shift. The company sells about 67 million pairs of shoes annually.