All Financial results articles – Page 50
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ArticleThule increases sales by 20% in Q1, maintaining margins
Thule Group saw growth across geographies and product lines in the first quarter of 2022, with sales rising by a reported 19.5 percent compared to the year-earlier to 3,034 million Swedish kronor (€291.7m). On a currency-adjusted basis, sales increased by 13.4 percent. Margins were resilient as price hikes and efficiency ...
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ArticleShimano maintains guidance as sales growth continues to slow
Shimano’s sales in the first quarter of 2022 increased by 13.9 percent compared to the year-earlier to 144,047 million yen (€1,061m), as the growth rate in revenues continued to slow but nonetheless remained strong in the face of supply chain disruptions and logistics difficulties. The company said it is on ...
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ArticleHaglöfs' growth challenges its CSR goals
Swedish company Haglöfs faces a growth-related gap between its sustainability targets and reality. Last year, the company has set a climate goal to cut its carbon emissions by half within ten years. Thanks to the booming interest in outdoor activities in 2021, Haglöfs reports record sales and the most successful ...
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ArticleOutdoor and bike industry stocks fall nearly 18% in Q1
Our quarterly analysis of the outdoor stock market shows a 17.84 percent sequential decline in the average stock prices of 31 public companies primarily involved in the outdoor and bicycle sectors between Jan. 1 and March 31. Broader market conditions weighed on the sector, which had posted stock price increases ...
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ArticleFenix Outdoor sees bright start to 2022 but warns of cost pressures
Fenix Outdoor International said its new fiscal year had started well with a recovery in physical store sales, despite inflationary pressures and supply chain constraints. Releasing its annual report, Fenix reported a “very bright” outlook for its order book for Brands and Global Sales, “indicating some nice growth in 2022”, ...
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ArticleBicycle shares Q1 2022: Geopolitical situation puts pressure on the market
While global lockdowns, virus variants, inflation, zero interest rates, supply shortages or political crises could not harm last year’s upward trend in bicycle stocks, Russia’s attack on Ukraine has changed everything. The war is intensifying the surge in prices. Fears of supply shortages of gas and oil and other commodities ...
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ArticleTop results for Bike24, yet disappointing for investors?
The German cycling, running and swimming sports online retailer Bike24 Holding AG, which has only been traded on the stock exchange since June last year, has just presented its 2021 annual report. According to the report, the Dresden-based company generated total sales of €250.16 million – a remarkable double-digit increase ...
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News briefsStellar Equipment improves on both turnover and profitability
According to Swedish Ehandel magazine, outdoor brand Stellar Equipment AB has grown by roughly 50 percent in the 2020/21 fiscal year. Sales for the financial year ended on June 30, 2021, reached SEK 152 million (€14.7 million), with a profit of roughly €725,000 after tax. The growth rate of the ...
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ArticlePierer Mobility’s annual report confirms record growth
After the Pierer Mobility Group had already announced its first preliminary figures for fiscal 2021 and raised its sales forecast in January, the publicly listed Austrian company has now presented its final annual report, which confirms the group’s record growth in both sales and earnings. Despite the challenging situation in ...
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ArticleSolo Brands with very profitable 2021
Solo Brands Inc., the U.S. company that began trading on the New York Stock Exchange in October 2021 and owns several DTC-focused brands, announced its financial results for the three and twelve-month periods ended Dec. 31, 2021. The operating results in 2021 include the activity of Oru Kayak, Isle Paddleboard ...
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ArticleKMD Brands aims to return to growth in the second half of the year
KMD Brands, which rebranded itself from Kathmandu Holdings Ltd. earlier this month, reported an Ebit loss of NZ$5.5 million (€6.1m) for the six months ended Jan. 31. Total revenues declined by less than 1 percent to NZ$407.3 (€245.2m) as the gross profit margin slid to 57.7 percent from 59.0 percent ...
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ArticleGiant Group achieves another annual record despite two-digit profit drop in Q4
Taiwan’s leading bicycle producer Giant Group has achieved a second consecutive sales and profit record. Year on year, 2021 sales rose another 17 percent to 81.8 billion Taiwan dollars (€2.59 billion). Net profit after tax rose 19.8 percent to a record TWD 5.93 billion (€197.94 million). This positive result is ...
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News briefsTernua Group appoints new HR director
Ternua Group, the owner of Ternua, Lorpen, Loreak Mendian and Astore, has hired Nerea Burutarán as the new group’s human resources director. Prior to joining Ternua, Burutarán was head of human resources and communication at Basque technology center Ikerlan since 2015. She previously spent most of her career at Mondragón ...
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News briefsBergfreunde reports 31 percent growth in 2021, turnover exceeds €200 million
German e-commerce specialist Bergfreunde has released its 2021 report, stating a record turnover of €203 million. Given the unbroken growth trend in 2022, Bergfreunde is investing in new employees and further expanding its customer support (which currently counts 60 people) and IT development team. In 2021 alone, the store IT ...
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ArticleGregory grew by 16.2% in 2022
Samsonite International reported that Gregory Mountain Products raised its sales by 15.9 percent on a reported basis to $59.4 million in 2021, with a rise of 16.2 percent in constant currencies. North America led the American backpack brand’s growth with a jump of 63 percent. The group’s Travel category, which ...
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News briefsVista Outdoor partners with Stockperks to enhance retail investor relationships
Vista Outdoor, the parent company of 39 brands that design, manufacture and market sports and outdoor products, and Stockperks, a New York City-based retail investor engagement company, have launched the Vista Outdoor Shareholder Rewards Program for the U.S. through the Stockperks app. To launch the program, retail shareholders using the ...
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News briefsHelly Hansen revenues rose 24 percent outside Canada last year
Helly Hansen, the Norwegian sportswear and workwear company, acquired in July 2018 for CA$ 985 million (€707.7m) by Toronto-based Canadian Tire Corp., generated a 19 percent increase in total revenues to CA$ 644.8 million (€435.2m) for the 12 months ended Jan. 1. Helly Hansen sales outside of Canada increased 20 ...
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News briefsDorel Sports grows by 5.8% in the fourth quarter
Dorel Sports, which is now listed as a discontinued operation in the accounts of Dorel Industries following its recent $810 million sale to the Pon Group, saw its net profit improve by 21.8 percent to $2.29 million in the fourth quarter ended Dec. 30, according to its parent company, although ...
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ArticleLeatt ends 2021 with record sales and record profits
It’s not by coincidence that the South African provider of protective gear and accessory products, Leatt Corp., which trades over-the-counter in the U.S., was by far the biggest performer on the 2021 OIC bicycle stock list. Leatt shares were up a whopping 312.2 percent on Jan. 1, 2022 (compared to ...
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ArticleLenzing with strong fiscal 2021
The Lenzing Group, the Austrian specialist for wood-based specialty fibers, closed 2021 significantly above the sales and earnings level of 2020. Sales revenue increased by 34.4 percent to €2.19 billion. Earnings before interest, taxes, depreciation and amortization (Ebitda) almost doubled year-on-year to €362.9 million. The Ebitda margin increased from 11.8 ...
