Indo, Annual Sales Grow by 5%

Indo, the Spanish Group specializing in the production and sale of optical products, increased its annual sales by 5% during tax year 2002, and specifically by 12.5% for international sales and by 3% for sales in Spain. The results are proof of the consolidation of the company's leadership position in the Spanish market, and of its expansion at international level. The countries that have seen major penetration are Italy (63.26%), Portugal (43.55%), France (31.6%) and Morocco (12.02%).

Billings in tax year 2002 were 123.269 million euros for lenses (52.4%), accessories (25.48%) and frames (22.12%).The General Manager of the Group, Antoni Olivella, commented: 'in 2003 not only do we intend to continue to strengthen our international presence in new markets of interest for the products we sell, but to continue to focus our efforts on consolidating our leadership in Spain and increasing investments in research, development and innovation'.

At the moment the Indo Group produces and distributes Carolina Herrera's New York and 212, Paco Rabanne's XS, Purificacion Garcìa and Chupa Chups brands. At international level it also handles distribution for some brands such as Guess, after the agreement with the North-American producer Viva International, Givenchy and Sting, the latter thanks to an agreement with the Italian group, De Rigo. At the end of 2002 the company signed a collaboration agreement with the L'Amy Group for the distribution of Lacoste eyewear in Spain. Lastly, Indo produces and distributes its own collection, which includes sunglasses and eyeglasses.