All Financial results articles – Page 32
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ArticleDometic posts improved profitability, lower Q4 sales
In a seasonally weak quarter where most retail customers worked to get their inventory levels in line, Dometic reported an 89 percent increase in net income to 51 Swedish kroner (€4.5m) despite a 13.7 percent drop in revenues to SEK 5,327 million (€471.7m). The Q4 operating profit dipped 1.5 percent ...
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News briefsRVRC’s Q2 sales, net increase double-digits
Swedish DTC outdoor company Revolution Race (RVRC), bolstered by double-digit sales increases in both the DACH and the Rest of the World regions, achieved double-digit sales, Ebit and net income increase for its Q2 ended Dec. 31. RVRC realized a 36 percent year-over-year gain in operating profit (Ebit) to 143 ...
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ArticleTernua Group has optimized, will now consolidate
Ternua Group has ended 2023 with a 10 percent increase in sales, from €31.5 million to €34.7 million, or just shy of its projected €35 million, according to Modaes. “We began the year with good prospects in terms of both replenishments and direct activity,” explained CEO Jokin Umerez. He said ...
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ArticleCautious mood at Pierer Mobility despite record revenue and unit sales in 2023
After Austrian two-wheeler giant Pierer Mobility AG presented its first preliminary business figures for 2023 earlier this month, the company announced additional details on Jan. 29. The public company achieved both a record turnover of €2.661 billion (+9%) and record sales (381,555 motorcycles = +2% and 157,358 bicycles including e-bikes ...
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News briefsPierer Mobility AG to set further turnover and sales records
According to initial preliminary figures, the Austrian two-wheeler giant Pierer Mobility AG will achieve record consolidated sales of between €2.65 and €2.670 billion in FY 2023. Compared to the previous record year 2022, this represents an increase of around 9 percent. The Pierer Mobility Group is not only reporting a ...
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ArticleSolo Brands updates FY 2023 guidance, announces leadership change
Solo Brands, Inc., the parent company of the Solo Stove, Chubbies, Oru Kayak, Isle and Icy Breeze brands, announced the appointment of Christopher T. Metz as its new President, Chief Executive Officer and Director of the Board, effective Jan. 15, 2024. Metz succeeds John Merris, who will be stepping down ...
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ArticleWolverine Worldwide on FY course, Merrell to grow beyond trail
Wolverine World Wide, Inc. provided an update on its preliminary, unaudited financial results for FY 2023 and its ongoing transformation efforts ahead of its presentation at the 2024 ICR Conference this week. “We’re executing the stabilization phase of our strategic transformation with tremendous pace while redesigning Wolverine Worldwide for the ...
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ArticleOsprey sales strong for Helen of Troy
Osprey sales grew in Great Britain, Germany, and France during Q3, driven by strong travel demand and a “robust product line-up.” Helen of Troy executives said the outdoor brand, which introduced a redesigned Sojourn travel series last fall, continues to exceed its expectations. Meanwhile, the parent continued to see consumer ...
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News briefsRenewcell ends 2023 with slight upward trend
After a rather difficult year overall, Swedish textile recycling company Renewcell reported better, albeit not outstanding, sales for last month (Dec. 1-31, 2023), although it continues to struggle with the lack of product demand. The company said it produced about 818 tons of prime-quality dissolving pulp. About 1,000 metric tons ...
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News briefs
Calzados Bestard’s projected annual sales up from 2019
The Spanish outdoor footwear specialist Calzados Bestard is, according to CMDsport, looking to clear annual sales of about €5.5 million in 2023, or about 20 percent more than in 2019 – the last “normal” year before the pandemic and therefore, according to Sales Director Mats Lindholm, the most recent year ...
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News briefsRapala implementing new three-year strategic plan
Finnish fishing tackle supplier Rapala VMC reported that it will be implementing a new strategy over the next three years. The effort will be undertaken by the global fishing tackle company’s new global management team, focusing on improving the group’s profitability and working capital management. The changes on Rapala’s ...
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ArticleJohnson Outdoors sees return to pre-pandemic order seasonality
Johnson Outdoors reported a Q4 operating loss of $22.6 million against a profit of $13.3 million for the three months ended Sep. 29, as three of the group’s operating segments generated lower year-over-year sales. The Q4 net loss was $16.0 million against a profit of $9.7 million as total sales ...
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ArticleDeuter parent Schwan-Stabilo confirms last year’s solid performance
Source: Schwan-Stabilo Sebastian Schwanhäußer, Group CEO Volatile markets, war, inflation and cautious consumers once again posed considerable challenges for the Schwan-Stabilo Group with its three business areas of cosmetics, writing instruments and outdoor. Nevertheless, the previous year’s positive trend continued – partly due to this varied business ...
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News briefsGo Outdoors’ profit drops due to higher operating costs
Go Outdoors Retail Ltd. reported a pre-tax profit of £13.1 million (€15.0m) for the year to Jan. 28, 2023, compared to £21.5 million (€24.7m) in the previous year. The company primarily attributed the drop to property, utility and freight costs, which “increased disproportionately.” The company’s gross margin decreased to 41.5 ...
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News briefsRapala issues €30m in hybrid capital securities
The group will use the proceeds from the three-year financial instrument, which has debt and equity characteristics, for general corporate purposes and to strengthen its financial flexibility. Rapala VMC’s largest shareholder, Viellard Migeon Et Compagnie, subscribed to 24 percent, or €7.2 million, of the hybrid securities with an annual interest ...
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News briefsRapala plans to issue securities
Finnish fishing tackle manufacturer Rapala VMC is considering issuing up to €25 million worth of securities to strengthen its balance sheet and create financial flexibility while at the same time seeking to reduce expenses and optimize inventory levels. The company pointed out that this move will open up its financing ...
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News briefsSamsonite posts double-digit sales gains across all brands in Q3
Samsonite, attributing its gains to normalized growth in European and North American travel and the early stages of recovery in China, reported double-digit sales growth across all its brands in Q3 ended Sep. 30. The Other segment, which includes Gregory Mountain Products, High Sierra and other brands, generated 10.3 percent ...
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ArticleIdeal Bike posts further losses – will Q4 save the day?
After Taiwan’s third-largest bicycle manufacturer Ideal Bike Corporation slipped into negative numbers in H1 of FY 2023, the negative operating results and net losses have continued in Q3. At TWD 3.23 billion (€92.78m), total sales in the third quarter of 2023 were 21.7 percent lower than in the same period ...
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ArticleGiant Group reports further slump in sales and profit in the western markets
Back in August, Giant Manufacturing reported a sales high in China in Q2, which more or less made up for the slump in sales in Europe and North America. In Q3, this was no longer the case – both the consolidated sales and the profit dropped by double digits. Consolidated ...
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ArticleMerida’s sales and profit down double-digits in the first 9 months, but…
Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd., achieved total sales of TWD 22.53 billion (€651.44m) in the first three sales quarters of FY 2023. Compared to the first nine months of the previous year, this is a decrease of 14.6 percent. Despite this double-digit decline in sales, gross profit ...
