Financial Overview

(in million USD)

	FY ended Dec. 31, 2013	FY ended Dec. 31, 2012	Rate of change (%)	Factors
Overall
Net Sales	624.2	619.1	0.8	1)
Operating Income	31.4	20.8	51.0	2)
Sales by Segment
Bottom-weight Woven Fabrics	578.3	566.3	2.1	-
Narrow Fabrics	24.1	26.8	(10.1)	-

Factors
1) Net Sales
-The Company's net sales in 2013 increased by 0.8% from the previous year to USD 624.2 million. Contributing factors to the increase in sales include sales volume increases in denim, synthetic fabrics and worsted wool businesses and higher selling prices in the Company's US government uniform and worsted wool businesses. These increases were partially offset by lower cotton prices, volume declines affecting non-uniform government related businesses, and volume declines in the airbag business due to competitive pressures. 

2) Operating Income
-In 2013, the Company's operating income grew 51.0% to USD 31.4 million. The gain in operating income was due to higher gross profit margins as well as lower selling and administrative expenses and lower restructuring charges.

R&D Expenditure

(in million USD)

	FY ended Dec. 31, 2013	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011
Total	6.6	6.6	6.3

Capital Expenditure

(in million USD)

	FY ended Dec. 31, 2013	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011
Total	4.9	2.0	3.4

-The Company projects its capital expenditures in 2014 to range between USD 12.0 million and USD 14.0 million.