New data filed by Fila Korea show that its operating margin has been declining since a ratio of 16.5 percent of revenues in 2010. It fell last year to 11.7 percent from 13.3 percent in 2013. As previously reported, the company's annual revenues rose by 8 percent in 2014 to 797.476 billion won (€674.2m-$721.4m). The new document shows that 50 percent of that came from Fila's operations in Korea, 37 percent from those in the U.S. and 13 percent from royalty income and other items. The implied royalty income rose by 5.5 percent in Europe, the Middle East and Africa (EMEA) to KRW14.77 billion (€12.5m-$13.4m). As Fila charges an average royalty rate of 6 to 7 percent of sales globally, the implied revenues of Deichmann and other EMEA licensees with Fila products can be estimated to have reached a level of about €190 million in 2014.

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