Latest Financial Results – Page 18
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ArticleDometic sees Q1 sales jump 55% as M&A continues
Dometic generated sales of 7,518 million Swedish kronor (€727.0m) in the first quarter of 2022, up by 55 percent on the year earlier, as top-line growth continues to be underpinned by acquisitions. Organic growth at the Swedish specialist in mobile living products stood at 7 percent despite a challenging macroeconomic ...
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ArticleHelen of Troy sees Q1 boost from Hydro Flask, Osprey
Outdoor drinkware brand Hydro Flask led sales gains in the Home & Outdoor sales segment of El Paso, Texas-based consumer goods company Helen of Troy in the fourth quarter ended Feb. 28, with recently acquired backpack manufacturer Osprey Packs also boosting the segment’s topline. Sales in the Home & Outdoor ...
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ArticleFenix Outdoor sales rise 30 percent in first quarter
Fenix Outdoor International generated a 22 percent increase in first-quarter operating profit to €17.7 million on a 30 percent topline expansion to €165.2 million against €127.1 million. The outcome was negatively impacted by about €2 million in one-time additional transportation costs. But the strong results for the Fjällräven, Tierra, and ...
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ArticlePolygiene posts higher net sales in Q1, but sees decline in operating profit
Polygiene reported a rise in first-quarter sales, despite ongoing difficulties due to inflation, supply-chain constraints and the war in Ukraine. The Swedish firm reported net sales of 45.1 million Swedish kronor (€4.3m) for the three months to March 31, an increase of 7.5 percent compared to the same period last ...
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ArticleThule increases sales by 20% in Q1, maintaining margins
Thule Group saw growth across geographies and product lines in the first quarter of 2022, with sales rising by a reported 19.5 percent compared to the year-earlier to 3,034 million Swedish kronor (€291.7m). On a currency-adjusted basis, sales increased by 13.4 percent. Margins were resilient as price hikes and efficiency ...
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ArticleShimano maintains guidance as sales growth continues to slow
Shimano’s sales in the first quarter of 2022 increased by 13.9 percent compared to the year-earlier to 144,047 million yen (€1,061m), as the growth rate in revenues continued to slow but nonetheless remained strong in the face of supply chain disruptions and logistics difficulties. The company said it is on ...
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ArticleHaglöfs' growth challenges its CSR goals
Swedish company Haglöfs faces a growth-related gap between its sustainability targets and reality. Last year, the company has set a climate goal to cut its carbon emissions by half within ten years. Thanks to the booming interest in outdoor activities in 2021, Haglöfs reports record sales and the most successful ...
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ArticleOutdoor and bike industry stocks fall nearly 18% in Q1
Our quarterly analysis of the outdoor stock market shows a 17.84 percent sequential decline in the average stock prices of 31 public companies primarily involved in the outdoor and bicycle sectors between Jan. 1 and March 31. Broader market conditions weighed on the sector, which had posted stock price increases ...
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ArticleFenix Outdoor sees bright start to 2022 but warns of cost pressures
Fenix Outdoor International said its new fiscal year had started well with a recovery in physical store sales, despite inflationary pressures and supply chain constraints. Releasing its annual report, Fenix reported a “very bright” outlook for its order book for Brands and Global Sales, “indicating some nice growth in 2022”, ...
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ArticleBicycle shares Q1 2022: Geopolitical situation puts pressure on the market
While global lockdowns, virus variants, inflation, zero interest rates, supply shortages or political crises could not harm last year’s upward trend in bicycle stocks, Russia’s attack on Ukraine has changed everything. The war is intensifying the surge in prices. Fears of supply shortages of gas and oil and other commodities ...
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ArticleTop results for Bike24, yet disappointing for investors?
The German cycling, running and swimming sports online retailer Bike24 Holding AG, which has only been traded on the stock exchange since June last year, has just presented its 2021 annual report. According to the report, the Dresden-based company generated total sales of €250.16 million – a remarkable double-digit increase ...
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ArticlePierer Mobility’s annual report confirms record growth
After the Pierer Mobility Group had already announced its first preliminary figures for fiscal 2021 and raised its sales forecast in January, the publicly listed Austrian company has now presented its final annual report, which confirms the group’s record growth in both sales and earnings. Despite the challenging situation in ...
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ArticleSolo Brands with very profitable 2021
Solo Brands Inc., the U.S. company that began trading on the New York Stock Exchange in October 2021 and owns several DTC-focused brands, announced its financial results for the three and twelve-month periods ended Dec. 31, 2021. The operating results in 2021 include the activity of Oru Kayak, Isle Paddleboard ...
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ArticleKMD Brands aims to return to growth in the second half of the year
KMD Brands, which rebranded itself from Kathmandu Holdings Ltd. earlier this month, reported an Ebit loss of NZ$5.5 million (€6.1m) for the six months ended Jan. 31. Total revenues declined by less than 1 percent to NZ$407.3 (€245.2m) as the gross profit margin slid to 57.7 percent from 59.0 percent ...
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ArticleGiant Group achieves another annual record despite two-digit profit drop in Q4
Taiwan’s leading bicycle producer Giant Group has achieved a second consecutive sales and profit record. Year on year, 2021 sales rose another 17 percent to 81.8 billion Taiwan dollars (€2.59 billion). Net profit after tax rose 19.8 percent to a record TWD 5.93 billion (€197.94 million). This positive result is ...
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ArticleGregory grew by 16.2% in 2022
Samsonite International reported that Gregory Mountain Products raised its sales by 15.9 percent on a reported basis to $59.4 million in 2021, with a rise of 16.2 percent in constant currencies. North America led the American backpack brand’s growth with a jump of 63 percent. The group’s Travel category, which ...
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ArticleLeatt ends 2021 with record sales and record profits
It’s not by coincidence that the South African provider of protective gear and accessory products, Leatt Corp., which trades over-the-counter in the U.S., was by far the biggest performer on the 2021 OIC bicycle stock list. Leatt shares were up a whopping 312.2 percent on Jan. 1, 2022 (compared to ...
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ArticleLenzing with strong fiscal 2021
The Lenzing Group, the Austrian specialist for wood-based specialty fibers, closed 2021 significantly above the sales and earnings level of 2020. Sales revenue increased by 34.4 percent to €2.19 billion. Earnings before interest, taxes, depreciation and amortization (Ebitda) almost doubled year-on-year to €362.9 million. The Ebitda margin increased from 11.8 ...
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ArticleWeyco Group says Forsake brand will gain traction in 2023
Weyco Group sees Forsake, the waterproof boot and sneaker brand it acquired for $2.5 million in June 2021, beginning to grow next year with a strategy that is currently in development. The brand targets 25- to 40-year-old consumers split evenly between men and women and focused on adventure enthusiasts. In ...
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ArticleClarus open to buy more “Super Fan” brands after record year
Clarus Corp., whose expanding portfolio now includes seven brands and three operating segments, generated a 99 percent increase in fourth-quarter net income to $14,046,000 from $7,069,000 on 56 percent topline growth to $118,183,000 from $75,947,000 for the period ended Dec. 31. Sales increased by 34 percent in the U.S. to ...
