Globe projecting a great year

By

Olivier Guyot

Published
Oct 2, 2014

Globe International is speeding up. For its non-calendar 2013-14 fiscal year which closed in June, the Australian group, a specialist in skate shoes with its eponymous brand, shows a nearly 24% increase in its turnover compared to last year and 13% before exchange rates. Which means 72 million euros (104 million Australian dollars). Its EBITDA is once again positive, reaching 1.7 million.

Globe International also owns the women's brand Gallaz and the company Dwindle Distribution (Cliché, Darkstar, Blind, Enjoi…).

Per region, Asia-Pacific is seeing its activity rise from 19 to more than 26 million euros, in other words an increase of 42%, notably thanks to the introduction of Stuffy in its portfolio of marketing and distribution licenses for the region. Before this it already included Vision Streetwear, Obey and Neff.

Sales in the Americas remain stable at more than 27 million euros, with textile sales down by 9%. For this region, sales in the United States were particularly down by 15%, at 14.5 million euros.

For Europe, Globe International, led by Philippe Clarisse, is showing an increase of 23%, rising from to 12.5 to more than 19 million euros. The group is projecting a fourth year of growth with revenue in this region in the double digits.

The group notably took over the distribution of the Scandinavian brand Sweet SKTBS for the 2014 Fall/Winter Collection for the United Kingdom, Ireland, France, the Iberian Peninsula and Benelux.