All Financial results articles – Page 52
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ArticleDometic’s top line boosted by M&A, optimistic about demand outlook
Dometic reported sales in the fourth quarter of 5,542 million Swedish kronor (€532.0m-$593.9m) , an increase of 32 percent on the previous year, as management expressed optimism on the demand outlook in coming quarters but warned about persistent clouds on the supply chain front. Sales growth at the Swedish specialist ...
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ArticleChiruca broke its sales record in 2021
Chiruca, Spain’s top supplier of outdoor boots, achieved revenues of €20.5 million in 2021, 41 percent more than the €14.56 million of 2020 and 13.9 percent more than the €18 million of what until now was the company’s record year, 2010. Speaking to CMDsport, the brand’s sales director, Fernando Castiella, ...
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News briefs
Moody’s upgrades Amer Sports’ outlook to positive on strong nine-month sales growth
Rating agency Moody’s reports that Amer Sports, the parent of Arc’teryx, Salomon, Wilson, Peak Performance, Suunto and Atomic, which has been majority controlled by Chinese sportswear giant Anta Sports since 2019, reported solid sales growth of +29 percent in the first nine months of 2021. The gains were driven by ...
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ArticleGreen awareness provides greater tailwind for bike stocks in 2021
2021 had it all: on the one hand, more lockdowns, virus variants, inflation, zero or negative interest rates, supply bottlenecks, political crises, trade and other wars, etc. On the other hand, 2021 experienced a world stock market that trudged steadily upward. This also gave our 2021 cycling stock some major ...
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ArticleOutdoor and bike industry stocks rose by 3.0% in Q4
Our quarterly analysis of the outdoor stock market shows a 3.0 percent sequential increase in the average stock prices of 32 public companies primarily involved in the outdoor and bicycle sectors between Sept. 30 and Dec. 31, 2021. This came after increases for most of the same companies of 18.9 ...
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ArticlePierer Mobility records strongest growth with e-bikes
According to Austrian two-wheeler specialist Pierer Mobility AG, the 2021 financial year shone with new records – so much that the board raised its sales forecast even before the publication of the preliminary key data for 2021 on Feb. 1. Previously, the publicly listed company had communicated a sales forecast ...
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News briefsTradeinn records another strong increase in annual sales
Spanish e-tailer Tradeinn enjoyed a stellar year in 2020. The results for 2021 surprised even its CEO, David Martín, as he confessed to CMDsport. The effects of the pandemic produced a 52 percent increase in annual sales to €288 million for 2020, which was followed by a further 31 percent ...
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News briefsSKS Germany with record sales in 2021
For German bicycle accessories manufacturer SKS Metaplast Scheffer-Klute GmbH (SKS Germany), 2021 was a special year: the company not only celebrated its 100th anniversary but also achieved record sales of around €87 million. In total, the company sold 1.2 million air pumps, 4.5 million permanently mounted and 2 million clip-on ...
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ArticleHelen of Troy raises outlook after Osprey acquisition, strong Q3 showing
Helen of Troy, the El Paso, Texas-based consumer goods company that owns outdoor drinkware brand Hydro Flask and Oxo and recently closed a deal to acquire backpack manufacturer Osprey Packs, raised its guidance for the full fiscal year to take into account that acquisition and after posting better-than-expected results in ...
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News briefsMIPS moves up to Nasdaq Stockholm’s Large Cap segment
Following Nasdaq’s annual review of the market capitalization of listed companies, Mips AB, which scores with its innovative helmet technology BPS (stands for “Brain Protection System”), is moving up from the Mid Cap to the Large Cap segment of Nasdaq Stockholm. The move will be effective January 3, 2022. “I ...
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News briefsPolygiene redefines financial targets
The board of directors and the management of the Swedish ingredient brand Polygiene AB have set new financial targets for the 5-year period from 2022 to 2026. According to these, Polygiene should achieve net sales of more than SEK 1 billion (€98.6 million) and an EBIT margin of more than ...
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ArticleExcellent financial year enables Accell to repay government Covid credit facility
Based on its sales and profit growth in 2021, Netherlands-based Accell Group N.V. will fully repay its “Go-C” facility issued during the Covid-19 pandemic before the end of the year. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal to full-year availability. ...
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ArticleJohnson Outdoors Q4 sales rise slightly over “unprecedented” 2020
Johnson Outdoors saw sales inch up slightly in the fourth quarter of its financial year, as demand for fishing, camping and water recreation products remained strong following “unprecedented” growth in the year-earlier and diving continued a recovery underway since the third quarter. Total company sales in the three months ended ...
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News briefsSolo boosts sales with acquisitions, but added expenses weaken income
Solo Brands, the U.S. company that began trading on the New York Stock Exchange in October and owns the Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard brands, reported that net income attributable to Solo Stove Holdings fell 79 percent to $1.2 million from $10.3 million in the third and ...
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News briefsZumiez Q3 income beats estimates
Beating all estimates, Zumiez reported a solid 5.5 percent increase in net income to $30.7 million for its third quarter ended Oct. 30 on 6.8 percent higher revenues of $289.4 million. The international action sports retailer’s sales were 9.6 percent higher than in the comparable quarter of 2019 when the ...
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ArticleCalzados Bestard enjoying a record year
Calzados Bestard knew in September that it would be surpassing its record for annual sales: €5.1 million, set in 2018. By late November, with a month to go before wrapping up 2021, it had generated revenues of €6.1 million for the year. The figures come from Mats Lindholm, the Spanish ...
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ArticleSchwan-Stabilo's outdoor division grows 16% in 20/21 despite lockdowns
Despite Covid-19, the German Schwan-Stabilo group achieved sales growth of 2.2 percent to €623.2 million in fiscal 2020/21 (previous year: €609.8 million). The Stabilo (writing utensils) and Outdoor subgroups, which grew significantly despite the pandemic, contributed substantially to this. For the group’s Cosmetics segment, the impact of the pandemic was ...
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News briefsGoldwin’s quarterly results improve
Goldwin has reported a 53 percent increase in net income to 1,397 million yen (€10.8m-$12.7m) for its second quarter ended Sept. 30 as its revenues for the period went up by 9 percent to 21.13 billion (€163.7m-$192.0m). In addition to its own brand, the Japanese group owns the distribution of ...
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ArticleDespite supply chain challenges, On continues to grow after IPO
In its first quarterly report since its IPO, On Holding reported a sales increase of 67.6 percent to 218.0 million Swiss francs (€206.9m-$234.5m) in the third quarter ended Sept. 30, leading to a growth of 77 percent for the first nine months of 2021. The gross margin expanded by 5.6 ...
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ArticleRecovering travel market provides upswing for Samsonite
Gregory Mountain Products saw its third-quarter sales increase 4.1% to $16.6 million, compared to $15.9 million a year earlier. The High Sierra bag brand increased 88.1% to $8.4 million from $4.5 million a year ago. Parent company Samsonite said its luggage business is rebounding as more people start traveling again ...
