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Sales licenses (in EUR million)

Sales licences (in EUR million) (bar chart)

Profit development licenses (in EUR million)

Profit development licences (in EUR million) (bar chart)

License business stable

The license business showed stable development in fiscal year 2014. The products produced by partners include fragrances, eyewear and watches. As in the prior-year period, sales with external licensees came to EUR 58 million (2013: EUR 58 million). License income from fragrances fell slightly compared to the prior year. Double-digit growth in women’s fragrances was compensated by decreasing sales in the area of men’s fragrances. In license income for watches, in contrast, a double-digit rise in sales was recorded.

The license segment profit came to EUR 49 million, remaining constant year on year (2013: EUR 49 million).

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