The Conzzeta Group’s revenues reached 337.8 million Swiss francs (€306.6m-$367.2m) in the first three months of 2021, which corresponds to an increase of 18.0 percent from the year-ago quarter on an organic basis and in constant currencies.
The Outdoor segment of the group, which only includes Mammut Sports Group, saw sales progress by 26.9 percent in reported terms, and by 28.2 percent in constant currencies, to CHF 64.5 million (€58.6m-$70.1m). This was led by online sales, which doubled year-on-year. Despite lockdowns imposed across various regions, the physical sales channels also achieved good growth in the first quarter.
The increase in revenues resulted in considerably higher business volumes in all business units. Operations in Europe and China and in high-margin segments improved at a “disproportionately” large extent, the company said.
Along with the chemical specialties and glass processing divisions, Mammut is still considered a “discontinued” operation because it is up for sale as part of Conzzeta’s “strategic transformation.” The Swiss parent company expects the outdoor brand to be sold towards the middle of 2021, subject to market conditions. It has not mentioned any potential buyers.
The company’s half-year results for 2021 will be presented on August 6.
