CONTENTS Five year summary Highlights from 2014 CEO’s report Financial review Strategy 2020 Our consumers Travelling the world in ECCOs Our consumers in ASIA Our consumers in the US Our consumers in EMEA Market development Focus on Japan Focus on South Korea Brand and products 2 3 5 6 9 10 11 12 14 16 19 22 23 25 Product highlights 2014 ECCO Golf ECCO Accessories Shoe and leather production Ramping up production in Portugal Risk factors and risk management Corporate responsibility Statement by the management Independent auditors’ report Accounting policies ANNUAL ACCOUNTS 2014 Notes on the Group and Parent Company accounts ECCO Group structure as of 31 December 2014 26 28 30 32 36 38 40 47 48 49 53 58 68
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