Revenues increased by 9.2 percent to 100.3 million Swiss francs (€80.7m- $107.0m) in the first half ended June 30 for the Sporting Goods business unit of the Swiss Conzzeta Group, consisting essentially of the Mammut Sports Group. The growth rate amounted to 7.7 percent on a currency-neutral basis and without the effect of the purchase of its sales operations in South Korea.
The biggest increase for Mammut took place during the six-month period in Asia, where Mammut has established itself in the Chinese market, taking the first orders for the 2013/14 season. In Europe, sales developed well in the U.K., the Swiss home market has been recovering and demand remained stable in Germany.
Conzzeta says that Mammut is positioning itself systematically as a premium brand, opening new monobrand stores and setting out conditions for a good working relationship with retailers, including the offer of expert advice and attractive product presentation.
Adding the other business units of the group, Conzzeta experienced an increase of only 1.7 percent to CHF537.7 million (€433.0m-$573.7m) in the first half, or 0.2 percent in local currencies and on a comparable basis. The operating margin (Ebit) remained at CHF27.0 million (€21.7m-$28.8m), or 4.8 percent of sales, across the group. Boosted by extraordinary items, net income jumped by 67.4 percent to CHF21.6 million (€17.4m-$23.0m).