The latest financial results from the key players in the outdoor industry.
KMD Brands’ FY results marred by poorer consumer sentiment in Q4
Strong sales growth from all three of KMD Brands’ brands – Rip Curl, Kathmandu and Oboz – was offset by weaker results in the year’s final period ended July 31. Annual Ebitda rose 11.2 percent to 200.1 New Zealand dollars (€117.1m), but net profit was essentially flat at NZ$36.6 million ...
Rotor taking a hit in revenues
Rotor, the Spanish manufacturer of bicycle components, had the best year in its history in 2022, when revenues fell just shy of €22 million, improving by 30 percent on the previous year, but things have since slowed. The first half of 2023 produced a 25 percent drop in sales, and ...
Pierer reports strong H1 sales and revenue, PTWs offset bicycle sales
Pierer Mobility AG achieved record sales of EUR 1.39 million in the first six months of the year (+20.2 percent compared to the first half of the prior year). This result is mainly due to the excellent development of the PTW (Power Two-Wheelers = motorcycles and e-bikes) business.
New Wave pushes operating profit up despite small sales dip
New Wave Group, which added Swedish outdoor company Tenson AB to its sports & leisure portfolio on July 1, realized a 4.2 percent increase in segment operating income to 140.2 million Swedish kroner (€12.5m) from SEK 134.5 million for the three months ended June 30. Segment sales declined by 1.4 ...
Leatt’s 2023 numbers make 2022 look like a dream
Leatt Corporation swallowed another double-digit 31.2 percent preliminary revenue decline down to US$12.35 million (€11.27 million) in the second quarter of its current fiscal 2023. But there may be some good news on the horizon for the protective equipment maker.
Merida H1 sales and profit down
In the first half of 2023, Taiwan’s second largest bicycle producer Merida Industry Co, Ltd. posted a single-digit sales drop and a double-digit profit drop, mirroring that of its compatriot and leading bicycle producer, Giant Manufacturing Ltd.
Yeti sales outside US rise 18 percent in Q2
Yeti, the Texas-based drinkware and cooler company, generated 18 percent Q2 sales growth in markets outside the U.S. to $56.7 million, as US revenues fell by 7 percent to $345.9 million for the period ended July 1.
Despite positive signs, Bike24 posts further losses due to high future investments
In the second sales quarter of 2023, German e-commerce bicycle retailer Bike24 Holding AG brought in revenues of €62.9 million, down 6.1 percent compared to the same period in 2022. But there are some positives on the horizon, with the measures introduced to increase profitability beginning to show effects.