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flag Dr. Martens reports a sharp drop in profits but expects a rebound next year, new CEO says.

flag 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. flag 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. flag New CEO Ije Nwokorie is focusing on stabilizing the business and improving operations, particularly in the US and EMEA regions.

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