All Financial results articles – Page 37
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News briefsAmazon’s sales grow by 44% in Q1
Beating estimates, Amazon’s net sales jumped by 44 percent to $108.5 billion in the first quarter, driven by the ongoing online shopping boom caused by the Covid pandemic. Excluding a $2.1 billion favorable impact from changes in foreign exchange rates during the quarter, the revenue increase was limited at 41 ...
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News briefsNewell's sales surge 21%
Newell Brands’ revenues for the first quarter rose by 21.3 percent to $2.3 billion, with core sales increasing by 20.9 percent. Overall, every business unit and major region increased core sales compared with the year-ago quarter. The management said that 2021 is off to a great start, with double-digit growth, ...
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ArticleColumbia raises guidance after a good Q1
Columbia Sportswear Company performed better than expected in the first quarter, despite port congestion problems in North America. The group’s net income reached $55.9 million, jumping from $213,000 in the year-ago quarter when the pandemic first hit the company. Revenues gained 10 percent to $625.6 million, including a 20 percent ...
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ArticleCODI’s sales surge by 38%, led by Boa
The recent acquisition of Marucci Sports and Boa Technology drove Compass Diversified’s (CODI) gains, with revenues for the first quarter surging by 38.4 percent from the year-ago quarter to $461.6 million. In addition, net income reached $22.0 million, up from $4.9 million last year. Excluding Marucci and Boa, organic revenues ...
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ArticleMips Q1 sales boosted by strong demand for bike helmets
When bicycle sales pick up in times of pandemic, Sweden’s Mips AB and its Brain Protection System (BPS) helmet technology are also in the front row. The first quarter of the year – usually the company’s smallest quarter – was the fourth-largest in company history in terms of sales. Total ...
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ArticleNew Wave posts Q1 profit
New Wave Group, the Swedish company behind Craft and Cutter & Buck, has posted a record first-quarter profit despite a drop in sales due to lower costs. Operating profit for the three months ended March 31 was 100 million Swedish Kronor (€9.9 million-$12 million), compared to a loss of SEK24.1 ...
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ArticleHelen of Troy reports strong Hydro Flask sales
Helen of Troy’s Houseware segment, which includes outdoor drinkware brand Hydro Flask, said revenues for its fourth fiscal quarter ended Feb. 28 increased by 12.1 percent to $162.5 million. This was driven by an organic business increase of 11.8 percent from the same quarter a year ago. There was a ...
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News briefsPolygiene posts double-digit revenue growth, driven by ViralOff
Antimicrobial technology provider Polygiene posted revenues of 83.9 million Swedish kronor (€8.3m-$10.1m) in 2020, an increase of 22 percent as compared to 2019. The company launched the ViralOff antiviral technology connected with the Covid-19 pandemic in April and later an upgraded formula of ViralOff with increased washability during the autumn. ...
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ArticleShimano continues to perform well in Q1
Both Shimano’s bicycle components and fishing tackle divisions benefited from the ongoing Covid-19 crisis in the first quarter of its fiscal 2021. Overall, Shimano’s quarterly sales – compared to the first three months of last year – grew 64.4 percent to 126.43 billion yen (€961.6m-$1.2bn). Operating income was ¥32.57 billion ...
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ArticleMixed results for Fenix Outdoor
Fenix Outdoor International had a difficult start to the year and still faces some of the challenges that have marked 2020. Management said major store closures in Europe hampered business in Q1, although there were some upsides, such as the performance of retail stores in Sweden, Finland and Denmark, as ...
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News briefsPersonal protection equipment sales lift 3M results
Just like in 2020, sales of masks and other personal safety equipment in the midst of the pandemic boosted sales of 3M in the first quarter of 2021. It saw growth across all business segments and geographic areas. The management also released an upbeat outlook, as demand for its N95 ...
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News briefs
Sales are up in Q1 for Calzados Bestard
Calzados Bestard’s first-quarter sales this year doubled those of two years ago, recorded in the pre-pandemic era. As CMDsport reports, the Spanish hiking boot brand’s sales director, Mats Lindholm, makes two points to account for this success. First, the outdoor sector, in general, enjoyed high order volume, especially in boots, ...
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News briefs
Dometic reports growth in its first quarter
Dometic, the Swedish brand that was awarded the ”Fastest Growing Equipment Accessories Brand in the U.S. Outdoor Industry” by data analytics company NPD Group, has just released its Q1 financial report. The Stockholm-based company and the latest new member of the Scandinavian Outdoor Group (SOG) closed the quarter with a ...
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ArticleMoncler with double-digit sales growth in Q1 despite setbacks in Europe
Moncler saw its consolidated revenues jump by 18 percent to €365.5 million in the first quarter of 2021, with a jump of 21 percent in local currencies, although many countries were still being affected by coronavirus-related restrictions. The growth was primarily driven by a strong contribution from China, Korea and ...
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ArticleFinnish Verkkokauppa.com improves sales and profitability along with strong online sales
Verkkokauppa.com, one of the most visited Finnish online retailers known for its very competitive prices, has published its financial report for the first quarter of 2021. Revenue for the period from Jan. 1 to March 31 grew by 7.0 percent year-on-year to €134.0 million (Q1 2020: €125 million), with gross ...
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News briefsThule’s momentum continues through Q1
Everything is going well for Swedish Thule Group. In an interim report, it published sales for the first quarter that soared by 45.5 percent from the year-ago quarter to 2,538 million Swedish kronor (€250.7m-$301.6m) or by 56.0 percent in constant currencies. Net income jumped to SEK 447 million (€44.2m-$53.1m), from ...
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ArticleGood start of the year for Mammut
The Conzzeta Group’s revenues reached 337.8 million Swiss francs (€306.6m-$367.2m) in the first three months of 2021, which corresponds to an increase of 18.0 percent from the year-ago quarter on an organic basis and in constant currencies. The Outdoor segment of the group, which only includes Mammut Sports Group, saw ...
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News briefsAnta Sports had a good start to 2021
In an operational update on its first quarter, which relates to the performance of Anta, Fila, Descente, Kolon Sport, Sprandi and Kingkow, but does not include the businesses of Amer Sports, Anta Sports Products Limited said retail sales of Anta branded products for the first quarter of 2021 advanced by ...
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ArticleLower losses in JD’s outdoor retail operations
JD Sports Fashion Plc managed to report generally good results for the year ended Jan. 30, 2021, in spite of the impact from the coronavirus pandemic and Brexit, “which have severely tested all aspects of the business,” the management said. The company’s profit before tax and exceptional items of £421.3 ...
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ArticlePierer Mobility with new sales and revenue records in Q1
Listed Austrian company Pierer Mobility, a specialist in motorized two-wheelers, sold 87,197 motorcycles and 19,256 e-bikes in the first three months of the year despite global supply chain problems. The result was also driven by high global demand for individual mobility, triggered in part by Corona. Compared to the previous ...
