Johnson Health Tech. – 2014 Q3 expected profit will be historically high

Reported by Mr. Liu, Chu-song for Commercial Times

Mr. Peter Lo, president of Johnson Health Tech., reveals that Johnson’s sales in Spain, France, the Netherlands, and Luxemburg climbed to the top in the fitness markets. In England and Germany it’s also ranked as the second best brand.

Johnson’s Malu Factory moving compensation is about 395 million RMB and he expressed Johnson has received 60% compensation fees. By the end of August, the rest 40% will be given. In this third quarter, Johnson estimates that 45 million US dollars, gains of disposal, will enter its account once for all.

Legal persons expect that Johnson Health Tech. in the 3^rd quarter its sales profit plus gains of disposal might be historically high over the past few years.

Life and Precor, American brands, has setup their placement plan in the commercial fitness market in the UK for a long time. Now they are the top 2 brands. Johnson, ranked the 3^rd, now is further ranked as the 2^nd largest, next to Life only.

Similarly, Johnson once ranked the 2^nd largest fitness brand in the commercial markets of Spain and France next to Italian Technogym is expecting to be the champion this year. In German market, it is only next to Technogym.

As reported by Mr. Peter Lo, Johnson will continue to focus on commercial fitness markets and expand more business lines in the global hotels or clubs.

As to home high-end fitness markets, Johnson also plan to open direct-selling chain stores named Johnson so that they can enlarge the manufacturing and marketing. In Italy and Spain, there are Johnson as direct selling stores. Estimated, there will be 4 to 5 Johnson stores opened in Italy.

In addition to market placement, Johnson also moves key parts factories to Zuchiao Factory and also gets local government permission to enlarge the factory for the larger demand in the China’s markets.