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Dr. Martens reports a sharp drop in profits but expects a rebound next year, new CEO says.
Dr. Martens reported a significant drop in annual profits, from £93 million to £8.8 million, due to a 10% decline in sales and challenges in the UK market.
Despite this, the company expects underlying profits to rise significantly in the upcoming financial year, with analysts predicting a jump to between £54 million and £74 million.
New CEO Ije Nwokorie is focusing on stabilizing the business and improving operations, particularly in the US and EMEA regions.
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El Dr. Martens informa una fuerte caída en las ganancias, pero espera un repunte el próximo año, dice el nuevo CEO.