DOGI: order book position shows marked improvement
A RECENT announcement by Spanish bodywear fabric specialist Dogi carried the information that its order book position at 30 June this year was 15 per cent higher than at the end of the first half of 2013. At the same time, Dogi confirmed that the uncertainty about its future that prevailed until its acquisition by private equity concern Sherpa was concluded in the spring of this year had caused its first half sales to decline by 21 per cent, to EUR 17.1m. It added that measures taken to cut costs and raise productivity had limited its loss for the period to EUR 2.4m.
The stronger order book position is a clear indication that actual and potential customers are regaining confidence. This promises a further improvement in the volume of orders for delivery in the coming year.