Latest Financial Results

  • Lenzing_Logo_print.neu_
    Article

    Lenzing suspends 2022 earning outlook over market deterioration

    2022-09-21T13:30:00Z

    The Lenzing Group has announced that, because of “the drastic deterioration of the market environment in the current quarter,” it has suspended its guidance for the development of earnings in the 2022 financial year. The specialist fiber manufacturer specifically referred to “the extremely low visibility on the demand side and ...

  • KMD Logo
    Article

    KMD Brands sees sales momentum resuming

    2022-09-21T07:56:00Z

    After a challenging first half impacted by the effects of the Covid-19 pandemic, KMD Brands experienced rebounding sales in the final two quarters.

  • spinnova-Logo
    Article

    Spinnova reports soaring revenues in H1

    2022-09-09T15:51:00Z

    Spinnova has reported revenues of €7.6 million for the first half of 2022, which compares to €370,000 in the first half of 2021 and to €6.1 million for the whole of 2021. However, the Finnish biomaterials company also reported an operating loss of €5.8 million for H1, which compares to ...

  • Ecco-logo
    Article

    Ecco finishes renovation of headquarters

    2022-09-07T14:54:00Z

    Ecco has completed the refurbishment of its headquarters located in Bredebro. The town, situated in southern Denmark, has been the company’s home since its foundation in 1963 by Birte and Karl Toosbuy. The site comprises various corporate functions, including finance, supply chain, procurement, information technology, human resources and corporate responsibility. ...

  • BikeExchangeCover
    Article

    BikeExchange reports higher revenue and loss, lower costs

    2022-09-02T06:53:00Z

    In its 2021/22 annual report, publicly traded online bicycle marketplace BikeExchange Limited makes no secret of the fact that it has been on a rigorous restructuring course over the past 12 months. Nevertheless, total revenue increased 47.4 percent compared to the previous fiscal year 2020/21 (which also ended June 30) ...

  • Cover half Year report
    Article

    Pierer Mobility defies supply problems in H1

    2022-08-30T12:43:00Z

    The half-year report presented on Aug. 30 underscores why Pierer Mobility AG had already raised its annual forecast for 2022 one day earlier via an ad hoc announcement: Despite aggravated delivery problems, the Austrian group achieved positive sales development in the first six months of the year. However, this could ...

  • Pierer Mobility
    Article

    Pierer Mobility raises sales forecast for FY 2022

    2022-08-29T18:13:00Z

    While many listed companies are lowering their sales forecasts in these troubled times, Austrian two-wheeler giant Pierer Mobility AG has just revised its sales forecast for fiscal 2022 for the better. According to an ad hoc release published on Aug. 29, good performance in the first half of 2022 and ...

  • ThredUp logo1
    Article

    ThredUp loses $28 million in Q2, may lay off 15% of workforce

    2022-08-17T09:28:00Z

    California-based ThredUp Inc, a company operating in the apparel resale market that also provides a platform for third-party brands, announced its financial results for the second quarter ended June 30, 2022. Revenue increased 27 percent to $76.4 million, while active buyers increased 29 percent to 1.7 million. The gross margin ...

  • RevolutionRace_logo
    Article

    RevolutionRace growth slows as CEO steps down

    2022-08-16T15:38:00Z

    RevolutionRace said sales growth decelerated further in July, continuing the trend seen in the fourth quarter ended June 30, when the top line grew by 16 percent to 318.2 million Swedish kronor (€30.2m), down from the 50 percent sales gain seen in the previous quarter. “Looking ahead, we are very ...

  • HellyHansen-Canadian-tire
    Article

    Canadian Tire’s SportChek, Helly Hansen make key gains in Q2

    2022-08-13T08:14:00Z

    Canadian Tire’s SportChek and Helly Hansen business units made strides in a period where the national retailer generated a 9.9 percent overall retail sales growth to 5,363.8 million Canadian dollars (€3.95b) and an Ebit decline of 41 percent to C$123.8 million (€10.2m) from C$208.6 million. At SportChek, which ended the ...

  • Canada Goose
    Article

    Canada Goose sales up 24% in seasonally sluggish quarter

    2022-08-12T15:23:00Z

    Canada Goose, confirming it has not seen any signs of slowing demand for its products, reported 24.2 percent revenue growth to 69.9 million Canadian dollars (€51.4m) from C$56.3 million in its first quarter. The Q1 operating loss widened by nearly 31 percent to C$80.7 million (€59.4m) from C$61.8 million, but ...

  • Leatt Logo
    Article

    Leatt reports yet another quarter of global revenue growth

    2022-08-12T15:03:00Z

    U.S. over-the-counter (OTC) traded South African protective equipment maker Leatt Corp reported a 25.4 percent increase in sales (compared to Q2 2021) to $17.94 million for the second quarter of the current fiscal year 2022. Operating income increased 18.5 percent to $3.73 million, while net income increased 13 percent to ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine beats expectations in Q2, but lowers FY guidance

    2022-08-11T15:23:00Z

    Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...

  • Bike24
    Article

    Bike24’s bright spot in difficult times is its young international business

    2022-08-10T14:38:00Z

    Thanks to sales increases in Spain, France and Italy, the listed German cycling, running and swimming sports online retailer Bike24 Holding AG was at least able to significantly grow its international business. Nevertheless, the Dresden-based company had to accept a decline in sales of 4 percent to €67 million in ...

  • Weyco
    Article

    Weyco's key brands rise sharply, relaunch of Forsake planned for next year

    2022-08-09T07:02:00Z

    Weyco Group reported double-digit sales increases for each of its four major footwear brands in the second quarter ended June 30, prompting total revenues to rise by 29 percent to $74.4 million from $57.6 million a year earlier. The group’s brands Florsheim and Stacy Adams saw their sales rise by ...

  • Fox Factory
    Article

    Fox Factory with new sales records, gives cautious outlook

    2022-08-08T07:36:00Z

    U.S.-based suspension specialist Fox Factory Corp. reported total revenues of $406.71 million (€399.48 million, +23.9% year-on-year) in its second fiscal quarter of 2022. This amount is split between the Powered Vehicles Group (PVD, $229.03 million, +20.9%) and the Specialty Sports Group (SSD, $177.67 million, +28.1%). SSD sales increased due to ...

  • Giant Group Logo
    Article

    Giant Group reports historic quarterly record

    2022-08-05T16:00:00Z

    With a record-breaking second quarter under its belt, Taiwanese bicycle manufacturer Giant Manufacturing Company Limited (Giant Group) has increased its H1 sales by 7.2 percent to a total of TWD 45.01 billion (€1.47 billion). Considering the rising inflation worldwide and the war in Ukraine, this is an excellent result. In ...

  • Callaway_Logo
    Article

    Jack Wolfskin sales grow double-digit despite headwinds in China and Europe

    2022-08-05T07:36:00Z

    Callaway reported record second-quarter results, driven by sales and operating profit growth at its top golf facilities. Callaway said pricing and other business improvements implemented in the first half of the year enabled the company to “outrun the ubiquitous inflationary pressures, unfavorable foreign currency exchange rates and staffing challenges.” Net ...

  • YETI-USA-Logo-Social
    Article

    Yeti sees plenty of upside from markets outside U.S.

    2022-08-05T07:19:00Z

    Yeti, the premium drinkware and cooler brand, says it will focus on driving consumer relevance and “developing optimal omnichannel distribution” in the six European markets, Japan and Australia, where it already has brand penetration. After launching a website in the U.K. in 2019, the company added websites in Germany, France, ...

  • Compass-Diversified
    Article

    Compass Diversified lifts guidance after Q2 sales surge by 19%

    2022-08-04T16:42:00Z

    Compass Diversified (CoDi) lifted its outlook for the full year after a 19 percent rise in second-quarter net sales growth driven by Boa Technology and Lugano Diamonds. Net sales rose to $515.6 million from $431 million a year earlier. Net income increased to $31 million compared to a net loss ...