Presentation Handout 2013 (PDF) - Loewe AG > Aktuell
Presentation Handout 2013 (PDF) - Loewe AG > Aktuell
Presentation Handout 2013 (PDF) - Loewe AG > Aktuell
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<strong>Loewe</strong> - DVFA<br />
Analysts’ Conference<br />
March 21, <strong>2013</strong><br />
Chart 16<br />
Financial statements 2012.<br />
Development of costs.<br />
EUR mn 2012 2011 change<br />
- Cost of sales 197.5 211.5 -14.1<br />
in % of sales 79.0 77.1<br />
- Selling expenses 63.7 65.0 -1.3<br />
in % of sales 25.4 23.7<br />
Focus: Expansion of the brand positioning<br />
- Gross margin 52.6 62.8 -10.2<br />
in % of sales 21.0 22.9<br />
Reasons: Under-utilization of factory and margin losses
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