After suffering an operating loss of €0.2 million in the past year, due to the weather and the economic crisis, Golfino is targeting an improvement of between €1.5 million and €2.0 million in the current financial year. The outlook is based mainly on good sell-throughs in the U.S. and the establishment of a Chinese sales subsidiary, Golfino Trading Shanghai, which got orders from more than 20 clients at the recent Golf Trade Show in Beijing. Furthermore, the German company enjoyed a double-digit increase in its European stores on a same-store basis in the second half of March.

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