Company Hi-Tec Sports PLC
Country United Kingdom
Email n.a.
Telephone +31 207 118 400
Market Segment Mass Market
Core Business Shoes

Hi-Tec Financial Report 2018

 

Income Statement Trend

Net Sales

It represents the brand's turnover from the sales of finished goods through all of the distribution channels - retail, wholesale and e-commerce, after the deduction of returns, allowances for damaged or missing goods and any discounts allowed.

Operating Margin

Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.

Income Statement Highlights

 

Hi-Tec Sports PLC Financial Report

Income Statement Trend

Total Revenue

It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income.

Operating Margin

Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.

Net Profitability

It's a measure of a company's overall profitability, i.e. how much of its sales are converting to profit. The value given is the amount of sales needed to generate one currency unit of post tax profit. Negative values mean that the company has a negative level of post tax profit. The figure is about the latest fiscal year available.

Profit Ratio

It's a key measure of success. The profit ratio measures the amount of profit generated by each single currency unit of sales. The figure is about the latest fiscal year available.

Income Statement Highlights

Balance Sheet Highlights

Official Websites

Hi-Tec website
Hi-Tec ecommerce

Brand doesn't have an official ecommerce

Official Social Media

Brand Description

Establishment

Year
1974
City
Essex
Country
United Kingdom

Founder

Frank van Wezel

Designer

Unknown

Profile

HI-TEC SPORTS was founded in 1974 in the appropriately named village of Shoeburyness, in Essex, England. Its original success grew from the breakthrough design and development of Hi-Tec's first ever shoe, THE HI-TEC SQUASH, specifically designed for the then fast growing game of squash. An industry benchmark then and now, few shoes in athletic footwear history have recorded unit sales of over 18 million pairs worldwide to date. The Hi-Tec Squash remains Britain's all time best selling sports shoe model to this day.

It was not until 1982 that the Hi-Tec brand name and logo were globally launched as a result of our decision to become a major worldwide sports brand. The innovative, successful global development of the brand became a casebook study at the Harvard Business School. Today there are over 500 Hi-Tec styles being commercialised throughout 80 countries world-wide, under the Hi-Tec Outdoor, Hi-Tec Court, Hi-Tec Golf, Hi-Tec Sport, Urban collections and Magnum brands.

In the United Kingdom the commercial strategy has consistently been to focus on the mid-price market segment, and as a result Hi-Tec has secured wide and varied distribution to include both sportswear retailers and general "high-street" shoe shops. This aggressive distribution orientation has positioned Hi-Tec as one of the four unit volume leaders throughout the UK sports shoe market consistently over the last ten years.

As a result of these early successes throughout the 1970s and 1980s, and in order to provide funds for expansion into international markets, Hi-Tec Sports was floated on the London Stock Exchange in June 1988, and in January 1992 successfully returned to the market by way of a rights-issue, which served to generate additional working capital for further global expansion. By the end of the 1990s, Hi-Tec Sports was a truly global, successful brand and Company. In 2000, the Chairman, Founder and then-majority shareholder, Frank van Wezel, bought back the company from the markets, thus once again making it privately owned and managed.

The company currently employs approximately 500 employees and generates global sales of more than US $250 million.

Business Strategy

Market Positioning

Mass Market

Core Business

Shoes

Target

Men
Women
Kids

Product Categories

Accessories
Apparel
Shoes
 

Hi-Tec Sports PLC profile

Name Hi-Tec Sports PLC
Website hi-tec.com
Country Netherlands
VAT Number n.a.
Telephone +31 207 118 400
Fax +31 207 118 499
Date of foundation 1974
Type of Company Private

Headquarters

Paasheuvelweg 22A 1105 BJ Amsterdam Zuid-Oost

Ownership (Top Shareholders)

Sunningdale Corporation: WO

Hi-Tec Sports PLC Brands

 

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