All Financial results articles – Page 61
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ArticleCycling demand boosts Dorel Sports
Dorel Sports, Dorel Industries’ sports segment whose brands include Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse, saw its revenues increase by 13.8 percent year-on-year to $265.3 million in the fourth quarter, or by 15.9 percent in constant currencies. This marks the seventh consecutive quarter of revenue growth for Dorel Sports, ...
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ArticleInline skating compensates for Covid-19 impact on Tecnica results
The Tecnica Group reported a 9.8 percent drop in sales to €382 million for 2020 but said it still managed to further improve Ebitda by 10.7 percent to €55 million. The parent of brands such as Nordica, Blizzard, Tecnica, Lowa, Moon Boot and Rollerblade said its outdoor sales fell 10 ...
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ArticleBogs continues to perform well
Even with low precipitation in November and December across the U.S., demand for Bogs, a footwear brand best known for its waterproof boots, remained strong in the fourth quarter, as consumers continue to spend more time outside during the pandemic. It continued to diversify its product mix, selling more lightly ...
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ArticleLenzing ends in the red
Pressure on prices and volumes in the textile fiber segment due to Covid-19, especially in the second quarter of 2020, caused the Lenzing Group to post a loss for the full year of 2020. However, the recovery of demand in the second half of the year helped offset some of ...
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ArticleOnline retailer Bergfreunde continues to grow
Online outdoor retailer Bergfreunde GmbH (bergfreunde.de), part of the U.S. Backcountry Group (backcountry.com), has announced annual sales of €155 million for its fiscal year 2020, a plus of 41 percent compared to the previous year. According to the online-only retailer, the increase was due primarily to the Corona pandemic, which ...
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ArticleCalida may be looking at strategic options for its outdoor brands
Swiss diversified group Calida said it was looking at “strategic options” for its French Millet and Lafuma outdoor brands following the already-completed sales of the Eider and Oxbow labels. The company said Millet and Lafuma “declined perceptibly” – due to Covid-19 curfews in France – as it reported its 2020 ...
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ArticleAccell reports strong results, headed by Europe
The post-Covid boom in the bicycle sector fuelled the revenues of Accell Group in 2020, which soared by 17.0 percent organically from the previous year to €1,296 million, thanks mainly to sustained high demand for bicycles, parts and accessories across Europe. The results do not include the group’s former operations ...
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ArticleRecord quarter for Fox
Fox Factory Holding Corp., which manufactures performance-defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, achieved record fourth-quarter sales, rising by 41.2 percent to $262.4 million. This increase reflects a 44.6 percent rise in its specialty sports group sales and a 38.7 percent gain in the ...
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ArticleWolverine sees weak results, but remains hopeful for 2021
The year 2020 was a difficult one for Wolverine Worldwide. Looking on the bright side, the management said it delivered better-than-expected results for the fourth quarter and is poised to drive an accelerated recovery over the next 12 to 16 months. The group posted a double-digit sales decline in the ...
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ArticleBoa helps drive strong Q4 at CODI
U.S. investment and holding company Compass Diversified (CODI) reported better-than-expected fourth-quarter net income, boosted by its acquisitions of Marucci and Boa Technology. The company said net income for the three months to Dec. 31 rose to $8.8 million from $5.4m a year earlier. Sales in the period increased to $475m, ...
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News briefs
Angling Direct posts 27% sales increase despite store closure in the U.K., boosted by e-commerce
Angling Direct, the U.K.-based fishing tackle retailer, saw revenues jump by 27 percent to £67.6 million (€77.7m-$94.5m) in the financial year to the end of January, despite the company’s stores in the U.K. were forced to close due to pandemic-related restrictions for 82 days last year, from March 24 to ...
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ArticleAmpler Bikes continues to expand after doubling sales in 2020
After doubling its sales last year, young B2C e-bike company Ampler Bikes is looking to simultaneously expand into other national markets this year while maintaining a high growth rate in Germany (currently the company’s most important market). For 2021, the Estonians have their sights set on Switzerland and the Netherlands. ...
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ArticlePolygiene records best quarterly sales ever
Polygiene said that the fourth quarter was the best in its history, with sales rising by 40.0 percent from the year-ago quarter to a record 26.6 million Swedish kronor (€2.7m-$3.2m). Revenue growth was largely due to the success of Polygiene’s ViralOff in the context of the Covid-19 pandemic, as this ...
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News briefsBCF posts 50% revenue increase, with online sales more than doubling
Boating Camping Fishing (BCF), the Australian retail chain owned by Super Retail Group, recorded a sales increase of 50.9 percent in the first half of its financial year ended Dec. 26, 2020. The performance was largely driven by a 113.1 percent increase in digital sales as compared to the corresponding ...
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News briefsCycling airbag brand Hövding records growth in 2020 despite pandemic
Source: Lina Arvidsson Fredrik Carling, CEO Swedish company Hövding, maker of an airbag collar for cyclists, reported that the number of units sold in 2020 increased by 35 percent and sales also increased by 35 percent compared to 2019. In the company’s year-end report, Hövding’s CEO Fredrik ...
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ArticleMoncler's annual sales down 12% despite good 4th quarter
Moncler returned to growth in the fourth quarter, growing by 8 percent to €675.3 million, led by Asia and the Americas. On a constant-currency basis, they improved by 7 percent. The company benefited from the strong expansion of the Chinese market, growth in Korea and Japan, plus a robust e-commerce ...
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ArticleGarmin’s outdoor and fitness sales surge
Robust demand for advanced wearables and cycling products helped Garmin post record results for the fourth quarter of 2020. The company headquartered in Schaffhausen, Switzerland, with operational headquarters in Olathe, Kansas, which also makes equipment for the aviation and automotive industries, reported that its total sales rose by 23 percent ...
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ArticleRecord result for Craft's parent company
Efforts to prioritize costs, earnings and cash flow bore fruits in the fourth quarter of 2020, helping the New Wave Group to score record operating profits. Despite restrictions linked to the pandemic and canceled or postponed events, the Swedish company behind Craft and Cutter & Buck saw its operating results ...
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News briefs
Falling sales for Goldwin
Goldwin is projecting decreases of 10.1 percent in sales and 28.5 percent in operating profit for the financial year ending on March 31. In the nine months through Dec. 31, 2020, its net sales declined by 8.7 percent to 69.2 billion yen (€540m-$660m), leading to a 16.2 percent drop in ...
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ArticleHaglöfs reports stable sales in 2020
Despite the prevailing pandemic and turbulent market conditions, Swedish outdoor brand Haglöfs reported that it managed to deliver net sales for 2020 in line with last year’s strong performance. The company did not provide any figures. According to CEO Fredrik Ohlsson, the ability to mitigate the crisis is mainly due ...
