Strong Profit Growth at Huber

CompaniesRetail & Consumer ♦ Published: March 29, 2011; 02:02 ♦ (Vindobona)

The Austrian lingerie manufacturer managed to increase its earnings by 74%. Sales increase at 3.8% was relatively moderate.

Strong Profit Growth at Huber / Picture: © Huber Underwear

The lingerie producer based in Vorarlberg achieved "record results in virtually all sectors last year", according to sources from the company. Sales increased by 3.8% to € 101.3m. Profits before tax increased by 74% to € 4.7m (2009: € 2.7m).

This development was supported by the general prosperity, but the company currently suffers declining sales in Eastern and…