Lower debts lead to higher profit for Bols | RetailDetail

Lower debts lead to higher profit for Bols

Lower debts lead to higher profit for Bols

Gin and liquor manufacturer Lucas Bols has managed to reach a 7.7 million euro net profit in the first half of its 2015/2016 fiscal year. That is nearly 4 times as high as its net profit last year, which reached 2 million euro.

Turnover drop

Bols contributes the higher net profit to its lower net debt, as that resulted in lower financing costs. On the other hand, Bols' turnover did drop nearly 3 % in the same time frame, down to 39.4 million euro.


That lower turnover was the result of a one-time stock depletion strategy in the Asian-Pacific region. North American turnover managed to grow 3.4 % at level exchange rates, but unfortunately for Bols, negative exchange rate fluctuations resulted in a 0.2 million euro turnover drop.


Bols forecasts growth for its global brands and a stabilization of its regional brands in the long run. "Improved economic circumstances worldwide have resulted in a more positive hospitality industry environment and a growing cocktail culture and both stimulate the further development of our global brands. We will keep working on speeding up growth for our American brands through our Lucas Bols USA organization", the press release said.

Questions or comments? Please feel free to contact the editors

C&A expands web shop to 11 new countries


Clothing chain C&A introduced another eleven countries to its web shop, instantly more than doubling the range of its online activities.

New Esprit CEO hails from New Look


Fashion chain Esprit will get a new CEO: Jose Manuel Martínez will leave the company and pass on the baton to Anders Kristiansen. New Look’s former CEO has to bring growth to Esprit, particularly through ambitious plans for China.

Dior exchanges Belgian CFO for British one


After eleven years as Dior Homme’s Chief Creative Officer, Belgian Kris Van Assche is to leave the fashion label to find new challenges. British designer Kim Jones will replace him.

Suitcase brand Rimowa cancels all dealer contracts


Suitcase brand Rimowa, part of luxury group LVMH since 2016, has stopped all of its dealer contracts. It wants to initiate a new procedure soon and only a fraction of the current dealers will get a new contract.

H&M disappoints once again


Swedish fashion chain Hennes & Mauritz had to present less than favourable results for its new fiscal year: investor trust has dwindled, now that sales in its home territory have also dropped for the first time in decades.

Bureau of Competition approves Yoox Net-a-Porter bid


The Italian Bureau of Competition has approved Swiss Richemont’s acquisition of Italian fashion webshop Yoox Net-a-Porter. The full bid, yet to be accepted, values the company at 2.7 billion euro.

Back to top