Filofax swallows Danish rival: Pounds 910,000 purchase completes tally of European customers
Wednesday 03 November 1993
Robin Field, chief executive, said that before the purchase Filofax had sold its ring-bound diary-cum-address-books in all European states except Denmark.
Systemplan had annual sales of pounds 1.1m and net assets of pounds 380,000. Mr Field said it made profits, but did not give details. However, he said he hoped Systemplan would quickly achieve 15 per cent operating profits, in line with other parts of the Filofax business.
Filofax fell into loss in 1989 and 1990 but - helped by a rights issue backed by Peter Earl, the Planet Hollywood impresario - it paid off debt and appointed a new management team.
Mr Field said Filofax now sold 600,000 personal organisers a year compared with 200,000 in 1987.
UBS, the broker, thinks Filofax will make taxable profits of pounds 2.7m for the 12 months to next March. The shares, quoted on the Unlisted Securities Market, rose 2p to 147p.
- 1 Top 20 misconceptions people believe are true
- 2 'We're not heroes, just tourists': Swedish police officers on holiday stop vicious assault on New York subway
- 3 Black Mass trailer: Johnny Depp might have started making good films again
- 4 Jacob Lescenski and Anthony Martinez: Straight student asks gay friend to High School prom and makes a million Twitter friends
- 5 Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
Top 20 misconceptions people believe are true
Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
'We're not heroes, just tourists': Swedish police officers on holiday stop vicious assault on New York subway
Head transplant: man will be attached to new body in under an hour and aim is immortality, doctor says
Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
The sickening truth about food banks that the Tories don't want you to know
Katie Hopkins on LBC: Listen to caller taking The Sun columnist to task over migrant comments
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
iJobs Money & Business
£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...
£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...
£22000 - £24000 per annum: Recruitment Genius: This is an opportunity to join ...