All Financial results articles
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News briefsLa Sportiva posts 30% sales increase
La Sportiva’s sales increased to €216 million in 2022, up 30 percent from 2021, compared to €125 million in 2020. International sales accounted for 80 percent of the company’s revenues. Sales in both Europe and the U.S. grew double-digit, driven by the rising interest in outdoor activities. Founded in 1928 ...
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As pandemic’s impact eases, KMD Brands grows H1 sales
KMD Brands, the down-under parent of Rip Curl, Kathmandu, and Oboz, reported Ebit of NZ$31.4 million (€18.6m) for H1 ended Jan. 31. Total revenues rose by 34.5 percent to NZ$547.9 million (€323.8m) as gross margin came in flat at 58.7 percent. Ebitda was NZ$90.8 million (€53.7m) versus NZ$45.3 million. The ...
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Tecnica Group reports record financial year
According to its 2022 financial statements just published, Italy’s Tecnica Group looks back on the highest results in its history, with sales of €561 million, up 21 percent year-on-year. Adjusted Ebitda amounted to €94.5 million, up 14 percent compared to FY2021. In 2022, the company also posted a consolidated operating ...
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News briefs
Signa Sports United plans to return to profitability in fiscal 2024
The sports e-commerce company Signa Sports United (SSU) is undergoing a strategic realignment assessment to generate long-term shareholder value that it intends to reveal at the end of Q2 but is projecting an ongoing challenging environment through the remainder of the FY due to inflationary pressures impacting both consumer sentiment ...
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News briefs
Gregory’s sales growth slows in FY22
Gregory Mountain Products sales grew 3.4 percent last year, from $59.4 million to $61.4 million, due to the strong dollar and a difficult comparison to last year’s double-digit recovery following the Covid crisis. However, it would have increased by 13 percent at constant exchange rates. Parent company Samsonite International’s luggage ...
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German e-tailer Bergfreunde continues on record path in 2022
German e-commerce retailer for mountain sports, climbing and outdoor, Bergfreunde GmbH, has achieved record sales of €242 million in its 2022 fiscal year. Compared to the previous year, this is an increase of 19 percent. With this result, the online specialty retailer was able to stand its ground in a ...
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New record sales in 2022 for Haglöfs
Despite a challenging market, Swedish outdoor supplier Haglöfs saw sales increase 11 percent – an all-time high, driven by new products such as the new L.I.M Series Z|T collection – and profitability increased 25 percent in 2022. CEO Fredrik Ohlsson predicts that the structural trend for the outdoor industry ...
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Schwalbe manufacturer Bohle reports record sales in anniversary year
For its 50th anniversary year 2022, Schwalbe manufacturer Ralf Bohle GmbH has reported record sales of €335 million. Compared to 2021, this is a whopping plus of 20.9 percent. Looking at the current fiscal year, however, the German company is expressing caution: For 2023, the bicycle tire manufacturer anticipates declining ...
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News briefs
Vibram plans to double footwear sales
Vibram, the Italian sole producer, aims to double its sales of own-brand footwear, which reached €18 million in 2022, Paolo Manuzzi, the chief executive of the Italian sole producer, said in an interview with the daily Il Sole 24 Ore. Last year, the group’s overall sales rose by 50 percent ...
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Lenzing’s results in FY22 were affected by challenging market conditions
Lenzing Group, the Austrian supplier of specialty fibers, saw its revenues increase by 16.9 percent year-on-year to €2.57 billion in the 2022 financial year, primarily due to higher fiber prices. The quantity of fiber sold decreased, while the quantity of pulp sold rose, said the company. In addition to lower ...
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News briefs
Giant Group’s 2022 ends with double-digit growth
Taiwan’s leading bicycle manufacturer Giant Manufacturing Co. Ltd (Giant Group) saw its FY2022 sales increase 12.5 percent year-on-year to 92.04 billion Taiwan dollars (€2.82bn). However, rising material and labor costs and increasing OE business affected the group’s gross margin and operating profit. Year-on-year, net profit before tax was flat at ...
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Weyco sales slightly down in Q4 due to North American wholesale business
Weyco Group reported fourth-quarter 2022 revenue of $99.0 million, down 2 percent from a year ago, which had been expected because some wholesale orders from the third quarter of 2021 were pushed into the fourth quarter due to supply chain disruptions. The sales decline was due entirely to the North ...
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News briefs
American Outdoor Brands reports Q3 loss
American Outdoor Brands suffered a Q3 operating loss of $3.0 million against an operating profit of $4.7 million in the period ended Jan. 31. The net loss was $2.9 million versus a profit of $3.8 million. Gross margin improved 130 basis points to 47.1 percent from 45.8 percent, but net ...
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News briefs
Solo Brands sets FY23 revenue range
Solo Brands, parent of Oru Kayak, Isle paddleboards, Chubbies apparel, and Solo Stoves, is forecasting 0.5 percent to 4.3 percent revenue growth in FY23 to a range of $520 to $540 million with a corresponding adjusted Ebitda margin of 16.5 to 17.5 percent. In Q4, the Texan company reported ...
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Garmont with growth in 2022, U.S. and Germany at the top of the list
Garmont, the Italian outdoor footwear company founded in 1964, reported total sales of €40.5 million in fiscal 2022, up 60 percent from the previous year, and consolidated Ebitda of more than 16 percent. ”In 2022 we defined a strategy that allowed us to maintain our market positions while taking into ...
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News briefs
Sales up but margins slim at Running ZGZ
Running ZGZ of Zaragoza, Spain, managed to boost revenues by 5 percent year-on-year for 2022, but owner David Constante, who spoke with CMDsport, remains dissatisfied. The record haul of €710,000 is up 65 percent from 2020, but the forecast for 2022 was an increase on the order of 20 to ...
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Compass Diversified branded results impacted by PrimaLoft
Net income from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) declined by 81 percent to $2.79 million from $14.73 million in Q4, negatively impacted by operating losses at both PrimaLoft and Velocity Outdoor. ...
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News briefs
Spinnova announces triple revenue in FY 2022, Woodspin factory in operation
In its full-year financial statement, the Finnish biomaterials company Spinnova reports significant growth in its staff as well as the company’s results. Full-year revenues grew to almost €24.3 million for 2022, which is an increase of more than 300 percent year on year. The company completed the construction of its ...
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Non-cash impairment charge drags Clarus to Q4 loss
Clarus Corp., whose management described 2022 as one of its most challenging years due to various macroeconomic headwinds, reported a net loss of $81.6 million against a profit of $14.0 million in Q4 ended Dec. 31. The result was impacted by a $92.3 million non-cash impairment charge. The fourth quarter ...
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After an 18% decline in Q4, Rocky Brands expects sales to drop 7-9% in 2023
Rocky Brands expects sales to decline by about 7 to 9 percent in 2023 to $560-570 million from the $615.5 million seen in 2022, as it pointed to continued economic uncertainty after posting an 18.0 percent decline in revenues in the fourth quarter of 2022. “With the outlook for the ...
