OTB (Diesel) reports 2 percent revenue growth in 2013

Only The Brave (OTB) that has denim brand Diesel, Marni, Maison Martin Margiela

and Viktor & Rolf under its fold, besides production and distribution licenses for DSquared2, Vivienne Westwood, Marc Jacobs Man and Just Cavalli has reported a turnover of 1.57 billion euros (2.16 billion dollars) and growth at constant exchange rates of 2 percent in fiscal year 2013 compared to 2012.

The gross operating profit (EBITDA) declined, going down from 200 to 140 million euros (276 million dollars to 193.4 million dollars) in 2013. OTB took major investment decisions in its sales network last year, including the opening of a Viktor & Rolf's shop in Paris and a Just Cavalli flagship store in New York.

During the coming years, OTB plans to focus primarily Asian markets like China, which currently holds less than 10 percent of total sales. Diesel, which accounts for 70 percent of its total revenue, is the group’s leading brand.