All Financial results articles – Page 18
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News briefsRenewcell posts triple-digit sales growth in FY22
Renewcell, the Swedish dissolving pulp manufacturer, reported net sales of 12.6 million Swedish kronor (€1.1m) for the full year to Dec. 31, 2022, up from SEK 2.8 million (€253K) in the previous year. Through its patented process, the company produces a dissolving cellulose pulp known as Circulose from 100 percent ...
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ArticleBike24’s growth FY 2022 driven by expansion into new markets via localized e-stores
According to initial preliminary figures, German cycling, running and swimming online retailer Bike24 Holding AG has closed its fiscal year 2022 with a solid final quarter. In 10-12/2022, sales grew by 2.8 percent to €60 million. Considering that other suppliers in the sporting goods, outdoor and cycling world already began ...
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ArticleCanada Goose aims to have up to 150 stores and $3 billion in sales by 2028
After reporting slightly weaker third-quarter numbers earlier this month, Canada Goose, founded in 1957 in a small warehouse in Toronto, Canada, announced not only its five-year financial goals but also an update on its strategic priorities at its Investor Day on Feb. 7, 2023, at the company headquarters. “Today, Canada ...
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News briefsPolygiene Group restructure, reports Q4 operating loss
Polygiene Group recorded a net loss of 5.1 million Swedish krona (-€480,000) against a profit of SEK 39.0 million (€3.9m) for the period ended Dec. 31. Ebitda came in at SEK 1.9 million, excluding an inventory adjustment, restructuring costs, and expenses related to the acquisition of Biomaster and ending a ...
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News briefsHelly Hansen revenues increase by 21% in 2022
Annual revenues for Helly Hansen, the Norwegian outdoor brand owned by Canadian Tire, were C$781.2 million (€571.1m) versus C$644.9 million. An estimated 91 percent of Helly Hansen’s sales total, or C$710.7 million (€519.6m), was generated in markets outside of Canada. That represented a 20 percent year-over-year increase. Meanwhile, Canadian Tire ...
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ArticleShimano with new sales and profit record for its bicycle division
Many companies – irrespective of the industry – lost ground, especially in the second half of 2022. Inflation triggered by the Ukraine war has led to a buying restraint on the part of consumers worldwide. Everyone is feeling the pinch. But there are a few exceptions: For Shimano, for example, ...
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News briefsKMD reports H1 sales on improving trends
KMD Brands Limited – the New Zealand-based global outdoor, lifestyle and sports company that includes the Kathmandu, Rip Curl and Oboz brands – citing continued sales momentum in Q2, reported record H1 group sales of NZ$546 million (€322.6m) for the six months ended Jan. 31. According to the company’s preliminary ...
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ArticleBicycle market slowdown brings Mips’ otherwise good fiscal year 2022 results down
In the fourth quarter of the 2022 fiscal year alone, Swedish “Brain Protection System” innovator Mips AB had to digest a 46 percent sales drop compared to the last three months of the previous year, down to SEK 107 million (€9.60 million – adjusted for currency effects, minus 53 percent).
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News briefsRevolutionRace sales up 30% in Q2
Under new CEO Paul Fischbein, RVRC Holding generated record quarterly sales of 509 million kroner (€46.5m) against SEK 392 million for the second quarter ended Dec. 31. Adjusted EBIT was flat at SEK 117 million (€10.7m) as gross profit contracted to 70.7 percent from 71.4 percent. EBIT margin came in ...
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ArticleThule Group decline in sales continues into Q4
Thule Group has reported a sharp decline in sales for the fourth quarter of 2022, as a slump in bike products begun in the third quarter continued. The Swedish company explains that retailers sought to reduce inventories in the product category in the second half of the year after “excessively ...
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News briefsNewell Brands’ outdoor & recreation segment widens Q4 loss
The business unit, which includes CampingGaz, Coleman, Marmot and Ex-Officio, recorded a $14 million operating loss against a loss of $1 million for the period ended Dec. 31. Total segment sales fell by 21 percent to $211 million from $304 million because of unfavorable currency conversion impact and the exit ...
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ArticleRapala issues profit warning after poor weather hits winter sales
Fishing equipment maker Rapala has issued a profit warning after reporting a fall in 2022 earnings and sales due to poor winter weather in the northern hemisphere and high inventories.
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News briefsLectra looks back on a strong year 2022
For 2022, Paris-based company Lectra – a specialist in digital design solutions and cutting equipment – has reported a 35 percent increase in revenues to €521.9 million and a net income of €43.8 million. EBITDA was up 51 percent to €98.4 million. In Dec. 2022, Lectra announced the signature of ...
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ArticleFenix Q4 profits squeezed as sales inch up 4%
Martin Nordin, chairman, describes Q4 as “another quarter of insecurity” for Fenix Outdoor.
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News briefsVibram posts 30% sales increase
Vibram recorded sales of €300 million in 2022, representing an increase of more than 30 percent from 2021, FashionNetwork.com has reported. The increase was driven by sales growth across all the main markets and product categories, said Vibram. The U.S. accounted for 50 percent of the company’s sales. E-commerce sales ...
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ArticleSSU hoping strategic realignment plan will return group to run rate profitability in FY24
Signa Sports United calls the current headwinds it’s facing transitory and believes they should begin to subside in the second half of FY23
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ArticleVF Corp plans to "sharpen its near-term focus" and more to improve performance
VF Corp., under interim president and CEO Benno Dorer, is vowing to take all necessary actions to improve its operating performance heading into its FY24 that commences on April 1. Already, the The North Face, Vans and Timberland parent has decided to slash its quarterly dividend by 41 percent to ...
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News briefsPaul&Shark launches upcycling capsule collection
Paul&Shark, the Italian casualwear and yachting brand, has presented Re-Sail, a limited-edition collection of jackets made from restored sails. The unique pieces are part of the brand’s spring/summer 2023 collection. Paul&Shark posted an 18.5 percent sales increase in 2022, with revenues reaching €150 million. International sales account for 90 percent ...
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News briefsTernua Group growth figures posted
Ternua Group, the Spanish firm based in Arrasate and specializing in mountaineering and outdoor clothing, has posted revenues of €31.5 million for 2022, a year-on-year increase of 10 percent. Ternua Group is the owner of the Ternua, Lorpen, Astore, Loreak Mendian and Ternua Workwear brands. International sales were a major ...
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ArticleJohnson Outdoors sees improving supply availability in fishing
Johnson Outdoors has reported mixed first-quarter results, with improving sales trends in fishing and diving and declines in camping and watercraft, but higher-cost inventory continues to press on margins. The group, while uncertain how the spring season will evolve, intends to monitor demand and proactively manage inventory levels as the ...
