All Financial results articles – Page 36
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ArticleHelen of Troy’s outdoor business shows resilience in Q1
Outdoor-related products, including the recently acquired backpack manufacturer Osprey Packs, led sales gains in the Home & Outdoor segment of El Paso, Texas-based consumer goods group Helen of Troy in the first quarter ended May 31. Sales gains for the segment came despite a decline in the company’s overall top ...
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ArticleAnalysis: Outdoor industry stocks fell more than 21% in Q2
Outdoor industry stocks fared worse in the second quarter than in the first period of 2022, declining an average of 21.18 percent compared to a 17.84 percent sequential drop in the average stock prices of companies primarily involved in the outdoor and bicycle sectors. This time around, our quarterly analysis ...
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ArticleBicycle Stocks Q2 2022: Russia’s invasion causes market low
After the stock market booster called hope catapulted the OIC Bicycle Stock Chart 2021 to new heights and seemed to defy all realities, the high flight ended with Russia’s invasion of Ukraine. The chart of the first quarter of 2022 already showed a steep decline, which now also continued in the second quarter.
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News briefsCalzados Bestard tops last year’s record H1 sales
Calzados Bestard generated revenues of €3 million in the first half of 2022, for a year-on-year gain of 2.5 percent. With its €7 million in sales, however, last year was exceptional – the best ever for the Spanish producer of mountaineering, hiking and trekking boots. Sales this year have improved ...
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ArticleIsbjörn reports consistent, sustainable growth
Swedish outdoor children’s apparel brand Isbjörn of Sweden has announced 20 percent year-over-year global growth through April 2022. Isbjörn was recently acquired by Online Brands Nordic AB, which will provide a solid financial backbone for further sustainable growth, and reported a healthy Ebitda of more than 11 percent. Isbjörn is ...
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News briefsScarpa posts double-digit sales increase
Scarpa, the Italian specialist in outdoor footwear, posted sales of €134 million in 2021, which marked a 22 percent increase year-over-year. Export accounted for 82 percent of its revenues. The U.S. was its leading foreign market, with a share of 20 percent, followed by Germany and Benelux, the U.K., France ...
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ArticleMips presents new strategy and updated financial targets
At Capital Market Day 2022 in Stockholm on June 9, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB unveiled its new long-term strategy with updated financial targets and strategic priorities for the coming years. The reason for revising the company’s strategy and long-term financial targets is not ...
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ArticleSSU’s sales bolstered by acquisitions
Signa Sports United (SSU), battling worsening consumer sentiment in Europe and persistent bike/e-bike shortages as headwinds, expanded second-quarter revenues by 47.5 percent to €269.0 million from €182.0 million. The increases were aided by including results from its recent WiggleCRC and Tennis Express acquisitions (closed on Dec. 14 and Dec. ...
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ArticleUSWE sales up 88% in 2021, Q4 hit by geopolitical situation
Swedish company USWE Sports AB, which was founded in 2007 and went public on the Nasdaq First North Growth Market in June 2021, said in its delayed report for Q4, which ended March 31, that, as before, the quarter was marked by problems related to the latest lockdown in China, ...
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ArticleIcebug promotes sustainable lifestyle as annual sales, profits rise
Icebug AB, the wholly-owned subsidiary of Sweden’s GtoG AB, generated a 37.8 percent increase in annual net profit to 22.83 million Swedish kronor (€2.18m) for the 12 months ended Feb. 28 compared to SEK 16.6 million in the prior year. The financial year profit margin was 9.9 percent as total ...
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ArticleThe North Face helps drive Q4 revenue rise, but Vans hit by China lockdowns
VF Corp reported a revenue increase of 9 percent to $2.8 billion (€2.65bn) in the fourth quarter of 2022, driven by The North Face (TNF), although sales at Vans were flat during the period. Sales were boosted by a 15 percent increase in the EMEA region and 12 percent in ...
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ArticleLowa reports top sales figures for 2021
Source: Lowa Alexander Nicolai, CEO Lowa The German mountain, outdoor and everyday footwear manufacturer Lowa has ended 2021 with peak figures for both the number of pairs of shoes sold and revenue, thanks to the ongoing outdoor boom. Sales climbed from 2.49 million pairs in 2020 to ...
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ArticleContinued growth for Online Brands Nordic
Despite “complex comparative figures from the first quarter of 2021,” Online Brands Nordic reports that it has started the year strongly and continues to grow. Regarding Russia’s invasion of Ukraine, Online Brands has no customers or suppliers in the affected area, so the war had no impact on the direct ...
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News briefsAngling Direct reports 7.2% sales increase
Angling Direct, the British omnichannel fishing tackle and equipment retailer, has posted a revenue increase of 7.2 percent in the full year ended Jan. 31, 2022, with annual revenues reaching £72.5 million (€85.4 million). The company reported a pre-tax profit of £4 million (€4.7 million) as compared to £2.7 million ...
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ArticleGiant Group reports another sales record in Q1
For the first quarter of fiscal 2022, Taiwan’s leading bicycle manufacturer Giant Manufacturing Company Limited (Giant Group) reported a new historical quarterly record. E-bikes accounted for 26 percent of group sales. At 22.26 billion Taiwan dollars (€709.67 million), this year’s quarterly sales increased 8 percent compared to the first three ...
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ArticleThule Group with new product categories, updates financial targets
At its capital markets day, the Swedish Thule Group has presented plans to enter the two new product categories in 2023: car seats – to be launched in Europe first, expanding worldwide in a second step – and dog transport products, starting with a dog cage. The company was also ...
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News briefsUSWE Sports delays quarterly report due to Covid-related inventory postponement
Sweden-based USWE Sports AB, listed on the Stockholm-based Nasdaq First North Growth Market since last June, has delayed the release of its Q4 21/22 report (January to March 2022). Previously, the company had announced a May 12 publication date, postponed by the company at short notice, without providing an alternative ...
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ArticleSeventh consecutive quarterly sales record for Leatt
Leatt Corporation continues to ride on a profitable high. The Q1 2022 results are not only the seventh consecutive quarterly revenue record but also the 16th straight quarter of steady growth. The South African company, listed on the U.S. stock exchange via the over-the-counter (OTC) market, posted total sales of ...
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News briefsGregory sales decline slightly in Q1, impacted by Asia and Europe
Samsonite International reported that Gregory Mountain Products sales declined 4 percent to $15.1 million in Q1 2022 from $15.8 million a year earlier, making it the only Samsonite brand to report a decline in the period. Sales in North America increased 5 percent due to the easing of social distancing ...
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News briefsHelly Hansen pauses Russian ops; Q1 sales up 24 percent
Helly Hansen has “temporarily paused” its operations in Russia due to the war in Ukraine, the company’s publicly traded parent Canadian Tire Corporation (CTC) has announced in a filing. The outdoor brand’s business in Russia consists of 41 retail stores and an e-commerce site, employing more than 300 total. CTC ...
