All Financial results articles – Page 12
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News briefsInventory levels weigh on Outnorth’s FY2022
International outdoor e-tailer Outnorth, based in Växjö, Sweden, has presented its financial results for FY2022. Net sales increased slightly to 1.1 billion Swedish kroner, compared with SEK 1.073 billion a year earlier. At the same time, operating profit fell significantly to SEK 2.1 million, down from nearly SEK 60 million ...
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ArticleAccelerated travel demand boosts Osprey sales in Q2
After citing Osprey’s recent strong performances in Great Britain and Germany, parent Helen of Troy says the outdoor brand should generate additional sales growth in H2 on demand for its core backpack and in the adjacent on-trend travel packs. Osprey, thanks to accelerated travel demand and an improved year-over-year inventory ...
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ArticleSSU delists from NYSE, new CEO
After assuming earlier this year that the worst of the market disruptions were over, Signa Sports United N.V. (SSU), the Berlin-based sports e-commerce specialist, has now announced an acceleration of its strategic realignment and performance improvement program. Ahead of putting its Q3 numbers on the table, the company is ...
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ArticleKMD Brands’ FY results marred by poorer consumer sentiment in Q4
Strong sales growth from all three of KMD Brands’ brands – Rip Curl, Kathmandu and Oboz – was offset by weaker results in the year’s final period ended July 31. Annual Ebitda rose 11.2 percent to 200.1 New Zealand dollars (€117.1m), but net profit was essentially flat at NZ$36.6 million ...
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News briefsUptick at last in sight for Calzados Bestard
So far Calzados Bestard’s revenues for 2023 are down 18 to 19 percent from the comparable year-ago period, but the high season for boot sales is yet to come, and certain accounts have begun to buy again, months after their last replenishment of stock. Whatever the drop, moreover, current revenues ...
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News briefsGarmont posts double-digit sales growth in H1
Italian outdoor footwear manufacturer Garmont saw its sales increase by 16 percent in the first half of the year as compared to the same period of 2022, with Ebitda up 38 percent. The company attributed the growth in the first half to the outdoor segment and its new products for ...
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ArticleRotor taking a hit in revenues
Rotor, the Spanish manufacturer of bicycle components, had the best year in its history in 2022, when revenues fell just shy of €22 million, improving by 30 percent on the previous year, but things have since slowed. The first half of 2023 produced a 25 percent drop in sales, and ...
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News briefsBuff expects to return to growth this year, after the post-pandemic drop
Buff, the Barcelona-based headwear outfitter, has posted revenues of €48.2 million for the financial year ended on Apr. 30, down from €49.6 million in the previous year. The company said that results were consistent with a “transition year” in the North American market, whereas the European market recorded significant growth. ...
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News briefsRevenues just keep rising at Trek Spain
With the close of its financial year 2022, Trek Bicycle’s Spanish subsidiary has racked up at least six consecutive years of record revenues, according to CMDsport. This time around, revenues amounted to €57.32 million, up almost 33 percent from FY 2021’s €43.15 million. This was both the company’s first time ...
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News briefsRenewcell posted revenue surge in Q2, but still reported a net loss
Swedish textile-to-textile recycling innovator Renewcell increased net sales to 84.8 million Swedish kronor (€7.1m) in the second quarter, up from 29.7 million Swedish kronor (€2.5m) in the first quarter of 2023. The company still reported a net loss for the period, although this improved from 125.4 million Swedish kronor (€10.5m) ...
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ArticlePierer reports strong H1 sales and revenue, PTWs offset bicycle sales
Pierer Mobility AG achieved record sales of EUR 1.39 million in the first six months of the year (+20.2 percent compared to the first half of the prior year). This result is mainly due to the excellent development of the PTW (Power Two-Wheelers = motorcycles and e-bikes) business. Group-wide, around ...
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News briefsAngling Direct posts double-digit revenue growth
England-based fishing tackle retailer Angling Direct saw its revenues increase by 11.4 percent to £43.3 million (€50.6m) in the first half of its financial year ended July 31, up from £38.9 million (€45.4m) a year before. Sales in the U.K. rose by 10.1 percent to £40.9 million (€47.8m). European sales ...
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News briefsAmer Sports with best H1 since acquisition by Anta Sports
Helsinki-based sports equipment manufacturer Amer Sports has recorded its best H1 since the company was acquired by a consortium of buyers led by the Chinese group Anta Sports Products Ltd. in 2019. Amer’s revenues rose by 37 percent to 13.27 million yuan renminbi (€1.77bn) for the six months ended June ...
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ArticleNew Wave pushes operating profit up despite small sales dip
New Wave Group, which added Swedish outdoor company Tenson AB to its sports & leisure portfolio on July 1, realized a 4.2 percent increase in segment operating income to 140.2 million Swedish kroner (€12.5m) from SEK 134.5 million for the three months ended June 30. Segment sales declined by 1.4 ...
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News briefsSamsonite pack sales increase by 17 percent in H1
Samsonite did not breakout sales of Gregory Mountain Products in its H1 report. Instead, the pack brand was lumped into an Other segment along with High Sierra, Kamiliant, ebags, Xtrem, Lipault and others. Collectively, the nine pack labels and selective third-party brands sold through the group’s Rolling Luggage and Chic ...
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ArticleLeatt’s 2023 numbers make 2022 look like a dream
Leatt Corporation swallowed another double-digit 31.2 percent preliminary revenue decline down to US$12.35 million (€11.27 million) in the second quarter of its current fiscal 2023. But there may be some good news on the horizon for the protective equipment maker.
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News briefsRevolution Race posts strong FY, but profits decline
Swedish DTC outdoor company Revolution Race (RVRC) has released its fresh financial report for Q4 – the period between April 1 and June 30, 2023. According to the report, the industry up-and-comer’s net sales rose 14 percent to 362 million Swedish kroner (€30.3m), compared to SEK 318 million (€26.6m) in ...
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ArticleMerida H1 sales and profit down
In the first half of 2023, Taiwan’s second largest bicycle producer Merida Industry Co, Ltd. posted a single-digit sales drop and a double-digit profit drop, mirroring that of its compatriot and leading bicycle producer, Giant Manufacturing Ltd.
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ArticleYeti sales outside US rise 18 percent in Q2
Yeti, the Texas-based drinkware and cooler company, generated 18 percent Q2 sales growth in markets outside the U.S. to $56.7 million, as US revenues fell by 7 percent to $345.9 million for the period ended July 1.
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ArticleDespite positive signs, Bike24 posts further losses due to high future investments
In the second sales quarter of 2023, German e-commerce bicycle retailer Bike24 Holding AG brought in revenues of €62.9 million, down 6.1 percent compared to the same period in 2022. But there are some positives on the horizon, with the measures introduced to increase profitability beginning to show effects.
