Descente reported a slightly improved net profit of 5.77 billion yen (€44.5m-$52.4m) for the financial year ended March 31 on 7.3 percent higher net sales of ¥141.1 billion (€1.1bn-$1.3bn). The operating margin rose by 0.4 percentage points to 6.9 percent. Sales increased in all the segments and virtually all the regions, led by the Descente brand, whose sales jumped by 18 percent to ¥59.2 billion (€456.7m-$538.0m). Le Coq Sportif, Arena and Umbro also performed well. With the contribution of Inov-8, total sales went up by 5 percent to ¥4.6 billion (€35.5m-$41.8m) in Europe and North America combined. They rose by 3 percent to ¥55.7 billion (€429.7m-$506.2m) in Japan and by 11 percent to ¥71.9 billion (€554.7m-$653.4m) in Korea, the Japanese group's largest geographic area. As in China, Descente now has a joint venture also for the Korean market.
Related articles
-
ArticleYeti makes progress with supply chain diversification as Q3 sales jump 10%
The outdoor company diversifies production, opens a new facility and reports 10% sales growth in Q3, driven by strong drinkware and cooler sales across all channels.
-
News briefsLenzing reports growth in Q3, maintains 2024 financial outlook
The fiber technology specialist reports improved earnings and reaffirms its annual guidance amid challenging economic conditions.
-
ArticleBike24 sees modest Q3 growth, maintains 2024 forecast
The e-tailer posted 2.9% Q3 revenue growth, driven by strong bike sales and strategic pricing, while focusing on profitability in a challenging market.