CONTENTS MANAGEMENT REVIEW ECCO at a glance 2 CEO’s report 3 2018 highlights 4 Five year summary 6 Financial review 7 Corporate Governance 10 Corporate Responsibility 10 ECCO’s Code of Conduct 11 Environment 12 ECCO’s People 16 Community Engagement 18 ECCO Audits 20 Market Development 23 Retail Concepts 27 Focus on Malaysia 28 Focus on Ireland 29 Brand and Products 30 ECCO Women’s 32 ECCO Men’s 35 ECCO Outdoor 36 ECCO Kids 39 ECCO Golf 40 ECCO Accessories 42 Global Shoe Production 45 ECCO Leather 46 ECCO NextGen 49 Risk Factors and Risk Management 50 ECCO ANNUAL ACCOUNTS 2018 Statement by the Management 54 Independent Auditor’s Report 56 Income Statement 2018 58 Balance Sheet as of 31 December 2018 59 Changes in Equity Statement 2018 61 Consolidated Cashflow Statement 2018 62 Notes 63 Group Structure as of 31 December 2018 80
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