February 14, 2023
The 2022 financial year of Gabor Shoes AG
Following a difficult few years during the Coronavirus pandemic, Gabor Shoes AG was able to grow significantly again in 2022 and achieved a turnover of EUR 325 million (all brands incl. licences), with a sales volume totalling 6.7 million pairs. The export share was 45%.
The number of employees also increased and amounted to approximately 2,700 as of 31 December 2022, of which about 400 were in Germany and 2,300 in the two European plants in Portugal and Slovakia.
“In 2022, things were clearly in an upward trend once again for us, even though we discontinued our Russian business operations. This positive trend was evident in all business areas, and in almost all markets,” says Achim Gabor.
However, the Ukraine war and its economic consequences weighed on consumer sentiment, and at the same time, further increases in costs led to price increases. Gabor identifies opportunities, above all, in the export markets, which is why the outlook for 2023 remains cautiously optimistic.