Sales progressed by 9 percent at Oase Outdoors for the second quarter, as the Danish camping equipment company benefited from the reopening of European markets after their lockdowns. Its turnover reached 117 million Danish Kroner (€15.7m-$17.9m). On an organic basis, revenues grew by 10 percent. The company behind the Outwell, Robens and Easy Camp brands also saw its Ebitda margin soar by 14.8 percent to 26.8 percent, while its earnings before interest, tax and amortization (Ebita) rose to DKK 30 million (€4.0m-$4.6m), up from DKK 12 million, thanks to strong demand and sales at the end of the quarter and the implementation of 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.
The management said sales and Ebita performance for the remainder of the year are dependent on how the current positive trends for camping and outdoor life progress in Europe, particularly in the U.K.
The numbers were reported by Ratos, the Swedish investment firm that bought into the formerly family-owned group in 2016.