Sparkling Christmas helps Swarovski to profit

Successful negotiations with landlords on reducing rents coupled with revenue growth for the Irish arm of luxury brand, Swarovski is leading the firm down a path of more sustained profitability.

That is according to new accounts just lodged by Swarovski Ireland Ltd which show that the firm returned to profit last year on the back of better sales margins.

The new accounts lodged show that the Swiss-owned fashion jewellery and crystal firm recorded pre-tax profits of €25,000 in the 12 months to the end of December last and this followed a €243,000 pre-tax loss in 2013, a positive swing of €268,000.