Sales progressed by 32 percent at Oase Outdoors for the third quarter, as the Danish camping equipment company benefited from the increased interest in camping and the outdoors in the wake of Covid-19. Its turnover reached 82 million Danish Kroner (€11.0m-$13.0m). On an organic basis, revenues grew by 34 percent. The company behind the Outwell, Robens and Easy Camp brands also saw its Ebitda margin reach 7.9 percent, up from a negative 8.0 percent in the third quarter of 2019. Meanwhile, its earnings before interest, tax and amortization (Ebita) rose to DKK 5 million (€670,000-$790,000), up from a negative DKK 6 million, thanks to higher sales and a cost-savings program. Last year’s Ebita was adversely impacted by the costs of quality problems in the production of a new generation of products.
For the remainder of the year, the management said that the fourth quarter is seasonally very weak for Oase Outdoors and expects performance to be on a par with the preceding year.
The numbers were reported by Ratos, the Swedish investment firm that bought into the formerly family-owned group in 2016.