News Briefs – Page 2

  • Newell_Brands_logo
    News briefs

    Newell Brands broadens focus for Coleman

    2024-04-28T14:49:00Z

    Still working to turn around the fortunes of its struggling Outdoor & Recreation segment, parent Newell Brands has made numerous changes to the business. These include installing a new segment leadership team and broadening Coleman’s focus to all outdoor activities instead of camping exclusively. Newell CEO Chris Peterson told analysts ...

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    News briefs

    Polygiene’s recovery appears underway

    2024-04-26T08:40:00Z

    Polygiene, which forecasted a recovery in business conditions in mid-February, reported a 25 percent rise in Q1 sales to 35.1 million Swedish kronor (€3.02m) for the period ended March 31. Ebitda improved to SEK 4.8 million from negative SEK 1.4 million. The group generates an estimated 30 percent of its ...

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    News briefs

    Merida reports two-digit 2023 decline in sales and profit

    2024-03-19T10:22:00Z

    Taiwan’s second-largest bicycle manufacturer Merida Industry Co., Ltd. achieved total sales of TWD 27.16 billion (€787.84 million) in FY2023. Compared to 2022, this is a decline of 26.4 percent. Although Merida is also a public company, it only publishes the figures it is required to publish. At TWD 3.39 billion ...

  • Giant Group Logo
    News briefs

    Giant suffers double-digit decline in sales, profit in 2023

    2024-03-14T08:33:00Z

    Taiwanese Giant Manufacturing group blamed the falloff on weak demand for entry- and mid-level bikes in Europe and North America and high inventory levels in the global market. The group did point out that there remains a “strong demand” for performance products in Europe and North America and that the ...

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    News briefs

    Leatt generates higher DTC sales in down year

    2024-03-14T08:33:00Z

    Leatt, the South African developer and marketer of protective equipment for extreme and high-velocity sports, experienced the first indicators of a recovery in certain segments in Q4 despite 2023 being a challenging year for the cycling and motorcycle industries. The final period net loss was $1.46 million versus a ...

  • Angling Direct
    News briefs

    Angling Direct announces 10% sales increase

    2024-02-23T18:11:00Z

    U.K.-based fishing tackle retailer Angling Direct saw its revenues increase by 10.2 percent to £81.7 million (€95.7m) in its latest financial year to January 2024. Domestic sales grew 9 percent to £77 million (€90.2m), boosted by new store openings in Cardiff and Yorkshire. The company now has 47 stores across ...

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    News briefs

    New Wave increases operating profit by 5% in FY23

    2024-02-21T07:52:00Z

    Annual operating profit for Swedish New Wave Group, whose business operates in three segments, increased by 5 percent to 1,577.2 million Swedish kroner (€140.4m) for the 12 months ended Dec. 31 as total revenues inched up by 2 percent to SEK 3,874.6 million (€344.9m) from SEK 3,782.3 million. In Q4, ...

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    News briefs

    Helly Hansen sales rose by 7.1 percent in 2023

    2024-02-16T16:30:00Z

    Helly Hansen, the Norwegian brand owned by Canadian Tire, generated C$837.2 million (€576.2m) in 2023 sales versus C$781.9 million in 2022. In the final quarter, the business suffered a 9.3 percent sales decline to C$274.0 million (€188.6m) against C$301.8 million due to the timing of shipments as more fall/winter products ...

  • polygiene_logo_general_formindfulliving_horisontal_rgb_pos_670869
    News briefs

    Polygiene says recovery in sight after difficult year

    2024-02-15T12:46:00Z

    Polygiene, which suspended its long-term financial guidance in December, reported a Q4 operating loss of 302.4 million Swedish kronor (€26.7m) for the three months ended Dec. 31. Total sales fell by 23 percent to SEK 30.9 million (€2.7m) from SEK 40.0 million but gross margin expanded by 570 basis points ...

  • jack-wolfskin-logo-1 Kopie
    News briefs

    Jack Wolfskin Ebitda about ‘breakeven’ in 2023

    2024-02-15T10:20:00Z

    Topgolf Callaway Brands President and CEO Chip Brewer spoke briefly about Jack Wolfskin during the company’s Q4 conference call this week, commenting that the segment’s margins were “challenged” during the final period due to ongoing softness in Europe and high inventories at retail. However, the outdoor brand’s business in China ...

  • Newell_Brands_logo
    News briefs

    Newell Brands’ Outdoor & Rec segment needs a turnaround

    2024-02-10T15:22:00Z

    Newell Brands Outdoor & Recreation segment that includes Coleman, CampingGaz, and Marmot is the company’s business unit “in most need of a turnaround,” President and CEO Chris Peterson told analysts as the Atlanta company reported Q4 and FY23 results. The Outdoor & Rec business, which has a new marketing ...

  • johnson-outdoors-vector-logo
    News briefs

    Johnson Outdoors reports soft Q1 on low demand

    2024-02-02T15:20:00Z

    High retail inventory levels and soft consumer demand contributed to poor Q1 results at Johnson Outdoors. Operating profit slid 99 percent to $46,000 from $5.5 million, and net income was down by 33 percent to nearly $4.0 million from $5.9 million. The group was able to improve overall gross margin ...

  • RevolutionRace_logo
    News briefs

    RVRC’s Q2 sales, net increase double-digits

    2024-01-31T11:14:00Z

    Swedish DTC outdoor company Revolution Race (RVRC), bolstered by double-digit sales increases in both the DACH and the Rest of the World regions, achieved double-digit sales, Ebit and net income increase for its Q2 ended Dec. 31. RVRC realized a 36 percent year-over-year gain in operating profit (Ebit) to 143 ...

  • Pierer Mobility_Logo
    News briefs

    Pierer Mobility AG to set further turnover and sales records

    2024-01-11T07:07:00Z

    According to initial preliminary figures, the Austrian two-wheeler giant Pierer Mobility AG will achieve record consolidated sales of between €2.65 and €2.670 billion in FY 2023. Compared to the previous record year 2022, this represents an increase of around 9 percent. The Pierer Mobility Group is not only reporting a ...

  • renewcell-og-image
    News briefs

    Renewcell ends 2023 with slight upward trend

    2024-01-05T09:43:00Z

    After a rather difficult year overall, Swedish textile recycling company Renewcell reported better, albeit not outstanding, sales for last month (Dec. 1-31, 2023), although it continues to struggle with the lack of product demand. The company said it produced about 818 tons of prime-quality dissolving pulp. About 1,000 metric tons ...

  • News briefs

    Calzados Bestard’s projected annual sales up from 2019

    2023-12-19T16:06:00Z

    The Spanish outdoor footwear specialist Calzados Bestard is, according to CMDsport, looking to clear annual sales of about €5.5 million in 2023, or about 20 percent more than in 2019 – the last “normal” year before the pandemic and therefore, according to Sales Director Mats Lindholm, the most recent year ...

  • rapala-vmc-logo
    News briefs

    Rapala implementing new three-year strategic plan

    2023-12-11T09:00:00Z

    Finnish fishing tackle supplier Rapala VMC reported that it will be implementing a new strategy over the next three years. The effort will be undertaken by the global fishing tackle company’s new global management team, focusing on improving the group’s profitability and working capital management. The changes on Rapala’s ...

  • jdsports-go outdoors-logo
    News briefs

    Go Outdoors’ profit drops due to higher operating costs

    2023-11-23T10:00:00Z

    Go Outdoors Retail Ltd. reported a pre-tax profit of £13.1 million (€15.0m) for the year to Jan. 28, 2023, compared to £21.5 million (€24.7m) in the previous year. The company primarily attributed the drop to property, utility and freight costs, which “increased disproportionately.” The company’s gross margin decreased to 41.5 ...

  • rapala-vmc-logo
    News briefs

    Rapala issues €30m in hybrid capital securities

    2023-11-23T09:46:00Z

    The group will use the proceeds from the three-year financial instrument, which has debt and equity characteristics, for general corporate purposes and to strengthen its financial flexibility. Rapala VMC’s largest shareholder, Viellard Migeon Et Compagnie, subscribed to 24 percent, or €7.2 million, of the hybrid securities with an annual interest ...

  • rapala-vmc-logo
    News briefs

    Rapala plans to issue securities

    2023-11-19T14:10:00Z

    Finnish fishing tackle manufacturer Rapala VMC is considering issuing up to €25 million worth of securities to strengthen its balance sheet and create financial flexibility while at the same time seeking to reduce expenses and optimize inventory levels. The company pointed out that this move will open up its financing ...