LOTTO,also parent to Etonic, generated a 4% increase in annual sales to €311 million($454.7 mm) in FY08 as gross margin rose 210 b.p. to 43.5% and operating marginbefore EBITDA rose 150 b.p. to 7.2%. Apparel represented about 50% ($227 mm) ofthe annual turnover, up 7%, while footwear generated 43% ($196 mm) andaccessories approximately 7% ($31.8 mm). The company’s FY09 outlook isuncertain, but new footwear technologies are projected to provide a boost inthe performance segment. In running, a new technology ... Log in to view full article.