The Conzzeta Group's outdoor division, which mainly consists of the Mammut Sports Group, achieved a 10.9 percent sales increase in 2018 to 253.4 million Swiss francs (€223.2m-$254.1m). Currency exchange rates played a role. The whole group booked a 20.2 percent increase to CHF 1,782.2 million (€1.570bn-$1.787bn), but the increase on a constant-currency basis was limited to 10.4 percent. In a preliminary report, Conzzeta said the group's operating margin ended up at the lower end of a target mid-term range of 8 to 10 percent. The final results will be published on March 20.
Related articles
-
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.
-
ArticleRVRC sees sales growth accelerate at end of Q1 hit by warm weather
Sales growth picked up for Revolution Race, with gains in key regions despite a modest quarterly increase and challenges in Nordic markets.