Feike AG Reports Earnings Results for the Year 2014; Provides Earnings Guidance for 2015; Announces Expansion Plans
In 2015, the company is planned to invest even more into existing design and development capacities as it is expected that competition from larger players in the children's footwear and apparel market will increase. In 2015, the company plans to further expand its distribution and sales network by increasing the number of retail outlets to approximately 2,500.
The company is expecting relatively stable gross and net profit margins and double-digit growth in revenue in 2015. The growth of revenue in 2015 is forecast based on the assumption of the RMB appreciating against the Euro. Measured in RMB, the growth of revenue in 2015 is expected to be in the range of 4% to 6%.