The Mammut Sports Group raised its sales by 18.4 percent to 70.6 million Swiss francs (€59.0m-$71.3m) for the first quarter, as reported by Conzzeta group under its sporting goods segment. Conzzeta as a whole saw its sales jump by 43.5 percent to CHF 430.6 million (€359.8m-$438.4m) for the three months, amounting to a rise of 27.5 percent in constant currencies. The group added that the order intake for capital goods moved up by 18.6 percent, with particular strength in the U.S. market. Conzzeta's operating margin (Ebit) reached more than 8 percent. The comparison with the year-ago period is muddled by the acquisition of Otto Bock Kunststoff, in the chemical specialties segment, last September. The group will publish its half-year results on Aug. 10.
Related articles
-
ArticleYeti makes progress with supply chain diversification as Q3 sales jump 10%
The outdoor company diversifies production, opens a new facility and reports 10% sales growth in Q3, driven by strong drinkware and cooler sales across all channels.
-
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.