The Swiss Conzzeta group has reported slightly improved net revenues of 101.4 million Swiss francs (€92.7m-$103.7m) in the first six months of 2016 for its Mammut Sports Group, compared with CHF 99.3 million in the same period of last year. The segment's losses declined to CHF 4.5 million (€4.11m-$4.60m) from CHF 5.9 million.
Like last year, the Mammut group suffered again from warm and snow-poor weather conditions. It continued to be affected by strong competition in other German-speaking countries, due to the strength of the Swiss franc. However, the company indicates that sales went up in markets that are regarded as being strategic under a five-year business plan that has started to be implemented.
As part of this plan, Mammut started its own online shop during the period and made preparations for the opening of new mono-brand stores by the end of this year. The company has also sought to enhance cooperation with key retail customers. From Sept. 1, as reported, the strategic plan will be led by a new chief executive, Oliver Pabst, who will take the place of the long-serving Rolf Schmid.
In the first six months of this year, Mammut performed better than some other operations of the Conzzeta group, whose final result of CHF 20.9 million (€19.1m-$21.4m) for the first half of this year was nearly stable as compared to the year-ago level of CHF 21.2 million. The group's total net revenues fell by 3.5 percent to CHF 524.6 million (€479.7m-$536.5m). The operating margin (Ebit) declined to 4.8 percent from 6.5 percent.