All Financial results articles
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News briefsNewell Brands broadens focus for Coleman
Still working to turn around the fortunes of its struggling Outdoor & Recreation segment, parent Newell Brands has made numerous changes to the business. These include installing a new segment leadership team and broadening Coleman’s focus to all outdoor activities instead of camping exclusively. Newell CEO Chris Peterson told analysts ...
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ArticleThule’s Q1 results benefit from bicycle market recovery
In its Q4 report for 2023, transport system provider Thule Group AB stated that it was already experiencing “the first signs of an improvement in the tense market situation.” The first quarterly report of the current 2024 financial year proves that the Swedes were not mistaken: They have made a ...
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ArticleColumbia lifts FY guidance slightly despite lower Q1 profit
Columbia Sportswear continues to project a 2 to 4 percent annual sales decline to $3.35 to $3.42 billion for the full fiscal year but has raised its operating profit outlook from a prior forecast by a modest 1 percent to $259–$291 million. Annual gross margin is now forecast to expand ...
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ArticleMips with good start into 2024 on the back of bike market recovery
For the first time, the slump in the bicycle market was no longer the main reason for the decline in sales in Mips’ Q1 2024 earnings report, as was previously the case. Not the subcategory “Bicycle,” but the subcategory “Snow” was the main driver of the 6 percent decline in ...
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News briefsPolygiene’s recovery appears underway
Polygiene, which forecasted a recovery in business conditions in mid-February, reported a 25 percent rise in Q1 sales to 35.1 million Swedish kronor (€3.02m) for the period ended March 31. Ebitda improved to SEK 4.8 million from negative SEK 1.4 million. The group generates an estimated 30 percent of its ...
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ArticleStrong demand for travel packs should bolster Osprey sales in EMEA, APAC
Osprey parent Helen of Troy reported 5.4 percent Q4 sales growth for its Home and Outdoor segment to $223.3 million. Segment revenues were sparked by higher sales in the brick-and-mortar and club channels, higher insulated beverageware sales from its Hydro Flex business, and international growth led by strong demand for ...
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ArticleShimano value sales down double-digit in Q1
Even during the bicycle boom in the Covid years, the world’s leading bicycle component manufacturer Shimano Inc. repeatedly stepped on the brakes in its outlook for the time after the pandemic. At least the sales figures for the first quarter of 2024 show that the Japanese company was not so ...
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ArticleBLS parent Brockhaus Technologies records further growth in 2023
German company Brockhaus Technologies AG closed the 2023 financial year with a 31 percent increase in turnover compared to the previous year to a total of €186.63 million. The subsidiary Bikeleasing-Service GmbH & Co. KG (BLS) also contributed to this excellent result. The publicly listed, Frankfurt-based company has held a ...
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ArticleRecovery in leisure, business travels boosts Samsonite
Annual profitability at Gregory parent Samsonite rose by 33 percent to $450.3 million from $338.3 million for the 12 months ended Dec. 31. The group’s FY operating profit increased by 51 percent to $743.7 million from $492.1 million as the annual gross margin expanded by 350 basis points to 59.3 ...
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ArticleBergfreunde revenue grows by 12%, more investments in ESG
Consumers’ reduced willingness to spend was once again reflected in a significant drop in total sales in German e-commerce in 2023. According to the German E-Commerce and Distance Selling Trade Association (bevh), overall gross sales of goods fell 11.8 percent to €79.7 billion. Despite this difficult environment, the sales trend ...
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ArticleBike24 reports high 2023 loss due to impairments, depreciation and amortization
After listed online retailer Bike24 Holding AG announced its first preliminary figures for FY 2023 at the end of February, the Dresden-based company has now presented its annual report with all the relevant details. This includes value adjustments and write-downs, which did not yet play a role, ...
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ArticleSlump in sales of bike helmets causes two-digit drop in Mips’ 2023 results
The Swedish supplier of safety technology for helmets, Mips AB, closed FY 2023 with a 37 percent decline in sales (39 percent adjusted for currency effects) compared to the previous year and achieved total sales of SEK 357 million (€31.20m). According to the company, the double-digit drop in sales is ...
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ArticleKMD Brands’ H1 results impacted by numerous factors
New Zealand-based KMD Brands, the Kathmandu, Rip Curl, and Oboz parent, reported lower H1 group sales and underlying Ebitda due to weak consumer sentiment, a warm Australian winter, difficult year-on-year comparisons, and excess inventory issues in the wholesale channel. KMD’s net loss from continuing operations was NZ$9.7 million (€5.4m) for ...
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ArticleAt Ideal Bike, the market slump was accompanied by two client bankruptcies
As we have already reported, the two Taiwanese industry leaders Giant Group and Merida had to contend with declining sales trends last year. Taiwan’s third-largest bike manufacturer, Ideal Bike Corporation, was hit even harder by some inherited loss-making issues. Last year, the Taiwanese company not only had to cope with ...
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News briefsMerida reports two-digit 2023 decline in sales and profit
Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd. achieved total sales of TWD 27.16 billion (€787.84 million) in FY2023. Compared to 2022, this is a decline of 26.4 percent. Although Merida is also a public company, it only publishes the figures it is required to publish. At TWD 3.39 billion ...
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ArticleSolo Brands reports Q4 loss on impairment charge
A goodwill charge of $249 million related to its Solo Stove, Oru and Isle businesses negatively impacted Solo Brands’ Q4 results. The operating loss was $240.8 million against an operating profit of $26.8 million for the three months ended Dec. 31. The Q4 net loss was $210.9 million against a ...
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ArticleSpinnova reports disappointing FY, announces new strategy and job cuts
Finnish sustainable fiber production specialist Spinnova, listed on Nasdaq First North Growth Market Finland, has closed its financial year 2023 with high losses and declining sales and has therefore announced a new strategic direction and a resulting reduction in staff. In 2023, Spinnova generated revenue of €10.6 million, which was ...
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News briefsLeatt generates higher DTC sales in down year
Leatt, the South African developer and marketer of protective equipment for extreme and high-velocity sports, experienced the first indicators of a recovery in certain segments in Q4 despite 2023 being a challenging year for the cycling and motorcycle industries. The final period net loss was $1.46 million versus a ...
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News briefsGiant suffers double-digit decline in sales, profit in 2023
Taiwanese Giant Manufacturing group blamed the falloff on weak demand for entry- and mid-level bikes in Europe and North America and high inventory levels in the global market. The group did point out that there remains a “strong demand” for performance products in Europe and North America and that the ...
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ArticleBuff revises revenues for FY 2022-23
Buff, as Palco23 reported back in September, reported consolidated revenues of €48.2 million for its full year 2023, which ended last April. Buff has since revised the figure to €47.8 million, as the same source reported in February. Either way, there was a decline from the €49.6 million of FY ...
