Company News, Financial News

Wella Reports Downturn In Earnings, Taxes and Sales

Author Image

By: TOM BRANNA

Editor

The Wella Group, Germany, coconfirmed preliminary figures released in January with a 2.4% downturn in earnings before interest and taxes and a 2.3% decline in sales for 2003. However, Wella executives noted that on a currency-adjusted basis, EBIT rose 1.5% on sales that gained 4.3%. EBIT reached $381.7 million, for an EBIT margin of 9.4% compared to 9.5% in 2002, according to the company. Dollar figures were calculated from the euro at current exchange rates. Sales reached $4 billion. Professio...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters