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Sold fabric and yarn for 147 million

Mallorca: In 2010 published the book "christmas balls" by designers Arne and Carlos (Arne Nerjordet and Carlos Zachrison) where one could learn to knit christmas balls, and in 2010/11, turnover rose in the seam-, hobby - and håndarbeidskjeden Substance & Style, the Uk with 28 per cent.

Turnover up 118 prosentSiden came Dorthe Skappels knitted Skappel-sweater, which was a veritable epidemic in 2012. The same year gave Jenny skavlan talkshow a book about omsøm of old clothes.

All this has helped to lift revenues in the Fabric & Style Norway from year to year. Only in the course of the last eight years, the turnover of the company increased by 118 per cent.

the Revenue growth has nevertheless slowed. 2016/17 offered only on a growth of 3.5 per cent. In march 2017, a month and a half before the fiscal year was closed, the opened chain a new store in Fredrikstad, norway. This gave no kjempeløft in 2017/18. The turnover increased only by 5.5 per cent this year.

Weaker margins

According to Virkes seineste handelsrapport (2017-numbers) hear the Fabric & the Style of among the country's most profitable chains. In 2017/18 showed the chain's operating profit to 10.9 million, and it is a part weaker than the previous years. After double-digit operating margin in eight years in a row was the 7.4 per cent in the seineste fiscal year. Marginmessig is this the weakest year since 2008/09, when the Fabric & Style Norway went with a small deficit.

Profit for the year ended at 8.3 million in 2017/18, and the Danish owners were favored with a dividend of nok 8 million. Overall, it is been paid out of the dividends of nok 63 million from the Norwegian operations the seineste seven years.

the Board of directors in the Fabric & Style of Norway "expects that the good results will continue to come", but points out that there is considerable uncertainty associated with assessments of future conditions.

Fabric & Style has today eight stores in Norway. These account for 87 per cent of the turnover, while the rest is internet sales. The chain is considering Tromsø and Bodø as relevant areas for the establishment of new stores.

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