Lafuma Group increased sales by 0.8 percent to €122.3 million in the first half ending in March. The period was marked by a return to growth for the greater outdoor business, represented by the Lafuma brand, and for the group’s international operations.
However, the surf business, represented by Oxbow, was down by 5.1 percent to €30.2 million, after drops of more than 11 percent in the first quarter and 2.2 percent in the second one.
Outdoor sales were up by 0.9 percent to €42.3 million, thanks to a 3.4 percent increase in the second quarter. Excluding its recently divested Chinese operations, the rise in the division’s sales reached 6.0 percent in the quarter.
The mountain equipment activity, grouping Millet and Eider, rose by 6.8 percent to €40.2 million, and the country division, represented by Le Chameau, was down by 3.3 percent to €9.5 million.
Sales in France rose by 0.2 percent to €74.5 million and foreign turnover increased by 1.9 percent to €47.7 million, driven by Europe and Asia.
With its order books showing further increases at the end of March, led by the outdoor and mountain segments, the company expressed confidence about trends in the second half of the fiscal year ending in September.
Market expectations are for full-year sales to exceed €250 million, against €245.5 million a year earlier, and net profits approaching €2 million compared with a €3.6 million loss.