All Financial results articles – Page 50
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ArticleBetter pricing cushions Accell's volume sales decline
Could these be the last public business figures released by still-listed bicycle manufacturer Accell Group N.V.? As previously reported, a private equity firm backed by U.S.-based Kohlberg Kravis Roberts & Co. Inc. (KKR) has made an offer to acquire all of the issued and outstanding common shares of Europe’s leading ...
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ArticleStorck Bicycle more than doubles its sales in 2021
Without providing specific figures, German premium bicycle supplier Storck Bicycle GmbH closed its 2021 fiscal year with a record growth of 117.5 percent. The biggest sales driver was the company’s own online store. Here, order volume climbed by almost 300 percent, according to the company. However, Storck’s sales growth in ...
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ArticleSSU grows by only 10.6% as bike supply issues persist
Signa Sports United (SSU), which continues to be hampered by supply chain issues within its full-bike segment, grew first-quarter revenues by 10.6 percent to €213 million due to strong sales gains within its tennis (+43 percent) and outdoor equipment (+20 percent) segments. Excluding sales of full bikes, first-quarter revenues climbed ...
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ArticleRocky Brands targets savings as Q4 net sales soar
U.S. footwear company Rocky Brands said it is targeting cost savings and synergies after integrating Honeywell International’s performance and lifestyle footwear business last year as it reported a 93.4 percent surge in fourth-quarter net sales. The company, which called the $230m acquisition “transformational”, said sales for the three months to ...
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ArticleUSWE reports net sales growth of 119% in Q3
Swedish USWE Sports AB, founded in 2007 and listed on the Nasdaq First North Growth Market since June 2021, reported net sales of SEK 23.3 million (€2.19m) for its third quarter (ended Dec. 31, 2021), up 119 percent from SEK 10.7 million (€1.01m) in the year-ago period. Operating income before ...
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News briefsFox Factory easily passes $1 billion sales mark in 2021
Despite Covid-related production outages at some OEM customers, suspension specialist Fox Factory Holding Corp. posted a 45.9 percent increase in sales in fiscal 2021 to $1.299 billion (€1.15bn). Bicycle products alone accounted for 44.6 percent of total sales. With these good sales figures under its belt, the U.S. company also ...
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ArticleCompass Diversified foresees slower growth in 2022, postpones 5.11 IPO
Compass Diversified (CoDi), citing supply chain and inflationary issues and lower year-over-year demand for products within its Velocity Outdoor rifle, crossbow and ammunition business, is forecasting a temporary slowdown in its 2022 growth rate that will likely be lower than its long-term growth rate target. Also, the Connecticut-based company, whose ...
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ArticlePolygiene Q4 sales jump despite logistics, raw material supply challenges
Polygiene saw revenues in the fourth quarter rise by 51 percent to 40.2 million Swedish kronor (€3.7m) as demand for its anti-microbial products continued to be strong, but logistics challenges and raw material shortages also persisted. In the fourth quarter, operating profit before tax totaled SEK 6.2 million (€578,120), making ...
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ArticleWolverine delivers strong Q4 results; Merrell and Saucony with record annual revenue
Wolverine Worldwide swung to a better-than-expected annual profit and narrowed final-quarter losses, boosted by its recent acquisition of Sweaty Betty, the U.K.-based brand of women’s fitness apparel, and it forecast sales growth of 15-18 percent for 2022. The Michigan-based owner of Merrell, Saucony, Sperry, Keds and other brands reported a ...
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News briefsAngling Direct posts sales increase despite Covid-19 store closures and decline in online sales
Angling Direct, the British fishing tackle retailer, has reported a 7.2 percent sales increase for its financial year ended Jan. 31, 2022, despite a 4.3 percent decline in online sales and the closure of all its 42 stores for three months, from Feb. 1 to April 11, 2021, due to ...
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ArticleSecond bike stock index and certificate ex-USA
In 2021, the first public donation bike certificate from Daubenthaler & Cie. based on the world’s first bike index celebrated its stock market debut with the “BeneFaktor Zertifikat Bike”. Now the German asset manager follows up with the “BeneFaktor Index Bike ex-USA,” which went live on Feb. 21 with index ...
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News briefsHövding looks to expand geographically after a “year of change”
Sweden’s manufacturer of bicycle airbags, Hövding, summed up the full year 2021 in its latest quarterly report. The company’s new CEO, Sofia Svensson, said, “We have gone through major changes both operationally and financially. The changes have resulted in improved gross margin and lower fixed costs as a percentage of ...
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ArticleYeti forecasts topline growth of 18-20%; will adopt key strategies in Europe
Yeti’s current outlook for 2022 calls for 18-22 percent revenue growth, but an EPS range some 3.4 percent below the current Wall Street consensus as it faces “significantly higher” inbound freight costs and an increase in costs for raw materials such as resin and stainless steel. On the upside, the ...
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ArticleCanadian Tire beats sales estimates in Q4 as consumers splurge on sports goods
Toronto-based Canadian Tire Corporation (CTC) reported better-than-expected fourth-quarter revenue, driven by a surge in spending on sporting goods, garden equipment and home decor during the Christmas season, along with higher fuel prices at its petrol stations. The company, which owns the Norwegian outdoor brand Helly Hansen, said total revenue for ...
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ArticleHaglöfs reports record year
Haglöfs has announced – without releasing figures – that it achieved strong sales and record profits in 2021. The company attributes the positive performance to continuous improvements in its brand experience, products, and distribution channel mix. Haglöfs has also raised the bar for its sustainability work with an ambitious new ...
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News briefsRose Bikes ends 20/21 with single-digit, forecasts double-digit sales growth in fiscal 21/22
Despite “missing components and unfeasible product launches,” German DTC bicycle brand Rose Bikes achieved sales growth of 8.5 percent to a total of €148.7 million in fiscal 2020/2021, which ended Oct. 31. For the upcoming 2021/22 fiscal year, all signs point to further expansion. “We have taken all the precautions ...
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News briefsBike24 aims to double Spanish sales, logistics center near Barcelona operational by end of 2022
After launching its e-com business in Spain in late 2020, Bike24 has now reported sales on the Iberian Peninsula of “just over €4.5 million” in 2021, according to CMD Sport. Internationally, the German online bike retailer generated total sales of €250 million last year. Last month, it additionally launched its ...
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News briefsHelinox records strong sales growth in Europe in 2021
Helinox has closed in 2021 with a 50 percent increase in sales. The Korean outdoor camping furniture specialist grew in all of its key European markets, which include Germany, the U.K., France, the Netherlands and Switzerland. Helinox relies on an omnichannel sales mix of wholesale, distribution, and DTC. For 2022 ...
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ArticleKathmandu is on track for better results
In its second quarter, the profits improved at Kathmandu Holding, which ended Jan. 30, despite the global pandemic’s impact on trading conditions and persistent supply constraints on the group’s Oboz business. In the first quarter, factory shutdowns at Oboz’s suppliers in Vietnam, as previously reported, left the company unable to ...
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ArticleColeman helps boost Q4 sales at Newell Brands outdoor unit
Final quarter sales at Newell Brands Outdoor & Recreation division rose to $304 million from $249 million a year ago, as growth in the outdoor equipment and beverage categories offset a slight decline in technical apparel. Core sales at the division, home of the Coleman, Campingaz and Marmot brands, grew ...
