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Sales grow at Olymp

Menswear brand Olymp has posted a 3% increase in turnover to €258m (£228m) for the year to 31 December.

It reported a “moderate increase” in international sales, to account for around 35% of total turnover. Its export markets include the UK, Ireland, Austria, Belgium, Croatia, Czech Republic and Denmark.

Mark Bezner, CEO and owner of Olymp, said: “The year 2017 was challenging for the entire clothing sector. In view of these market conditions, we are completely satisfied with the result we have achieved. The demand for our products has increased further.

“The largely stable distribution of sales between home and abroad however, is proof that in the particularly competitive main market of Germany, in which we are able to demonstrate a considerable product presence, we are also succeeding in gaining market shares to the same extent.”

The brand is launching a new smart-casualwear range for autumn 18, which it will showcase at Berlin trade show Panorama later this month.

It also plans to extend its distribution network to markets in Belgium and Switzerland this month.

Staff numbers across Germany and Austria stood at 849 at the end of the year.

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