Russian market blights Ecco’s 2015 results

Increase in sales and shop openings ensure results are more than rosy for shoe company

The Danish shoe company Ecco saw progress in 2015, but its financial results revealed that it had a difficult time on the Russian market.

Ecco enjoyed a turnover of almost 10 billion kroner and profit of about 850 million kroner despite sales in Russia being halved.

“2015 was characterised by Ecco successfully launching innovative collections and investing in the future,” said Ecco’s CEO Dieter Kasprzak.

“We managed to close the significant gap created by the drop in sales in Europe. This was done through accelerated shop openings, launching more e-commerce sites, and working closely with our wholesale partners. With the exception of Russia and Ukraine, we generated sales growth in all three channels – retail, e-commerce, and wholesale – and in all three international regions.”

READ MORE: ECCO, Fakta and sustainable fashion producer among the CSR Award winners

95 new shops opened
The company saw a fall in turnover in the EMEA region – which includes Europe, Russia and Africa – from over 4.2 billion kroner in 2014 to just under 4 billion kroner in 2015.

Ecco cited the international sanctions against Russia and the falling rouble as the primary reasons for its dwindling sales in the nation.

Despite its Russian woes, Ecco still managed to increase its overall sales figures and open 95 new shops worldwide.




  • Cross-border moves on the rise in the Øresund region

    Cross-border moves on the rise in the Øresund region

    The number of relocations across the Øresund Region is rising. As highlighted by 2023 numbers, Sweden benefits from a growing interest, especially among younger generations.

  • Tunø: An island running out of time

    Tunø: An island running out of time

    The island of Tunø harbors a community of 74 adults and one child. There are no cars and only one connection to the rest of the world. Now, climate change threatens it

  • In conversation with Conrad Molden: The man behind the mic

    In conversation with Conrad Molden: The man behind the mic

    He’s tickled our funny bone with countless wisecracks and clever wordplay, and in the process, made Denmark feel a little more personable to many expats. An international import himself, funny man Conrad Molden has successfully carved out a niche for himself on the Danish stand-up scene, but it’s taken a solid 13 years, much trial and error, and heaps of Danglish

  • Here Comes The Sun…

    Here Comes The Sun…

    I escaped from Denmark this winter to the south of France, where I was convinced that the sunshine would inspire me to write this year’s Crazy Christmas comedy show.

  • Volunteer Night 2025: when volunteering rhymes with integrating

    Volunteer Night 2025: when volunteering rhymes with integrating

    On Wednesday, April 30, from 17:00 to 20:00, Studenterhuset will host Volunteer Night 2025, a free event organized by the organization International House Copenhagen, which goal is to ease the relocation process for newcomers in Denmark

  • The international who shaped Copenhagen

    The international who shaped Copenhagen

    Anna Maria Indrio is one of the most important architects in Denmark, having contributed to shaping Copenhagen into what it is today. Among her best-known projects are the extension of SMK and Arken, as well as the Natural History Museum and the Darwin Centre in London. She moved here 60 years ago, when “Copenhagen was gray and dormant. Predictions suggested it would become depopulated. But putting people at the center changed everything,” she said

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.