News Briefs – Page 8
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News briefsHövding looks to expand geographically after a “year of change”
Sweden’s manufacturer of bicycle airbags, Hövding, summed up the full year 2021 in its latest quarterly report. The company’s new CEO, Sofia Svensson, said, “We have gone through major changes both operationally and financially. The changes have resulted in improved gross margin and lower fixed costs as a percentage of ...
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News briefsRose Bikes ends 20/21 with single-digit, forecasts double-digit sales growth in fiscal 21/22
Despite “missing components and unfeasible product launches,” German DTC bicycle brand Rose Bikes achieved sales growth of 8.5 percent to a total of €148.7 million in fiscal 2020/2021, which ended Oct. 31. For the upcoming 2021/22 fiscal year, all signs point to further expansion. “We have taken all the precautions ...
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News briefsBike24 aims to double Spanish sales, logistics center near Barcelona operational by end of 2022
After launching its e-com business in Spain in late 2020, Bike24 has now reported sales on the Iberian Peninsula of “just over €4.5 million” in 2021, according to CMD Sport. Internationally, the German online bike retailer generated total sales of €250 million last year. Last month, it additionally launched its ...
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News briefsHelinox records strong sales growth in Europe in 2021
Helinox has closed in 2021 with a 50 percent increase in sales. The Korean outdoor camping furniture specialist grew in all of its key European markets, which include Germany, the U.K., France, the Netherlands and Switzerland. Helinox relies on an omnichannel sales mix of wholesale, distribution, and DTC. For 2022 ...
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News briefsGoldwin forecasts decline in operating income of 5.7%
Goldwin, the Japanese company whose brand portfolio includes territorial trademark rights or licenses for some western sports brands, is currently forecasting a 5.7 percent drop in annual operating earnings to 14 billion yen (€107.6m) for the 12 months ending March 31, 2022. Annual revenues are predicted to rise by 10.5 ...
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News briefsLa Sportiva posts 28% sales increase despite Covid-19 uncertainty
La Sportiva has seen its revenues jump by 28 percent in 2021 and anticipates another 10-15 percent increase in 2022. The positive performance, which widely exceeded the company’s expectations, was primarily attributed to investments in advanced technologies and digitalization. To thank its staff for the outstanding result, the company’s board ...
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News briefsStanley reports great year, benefits from outdoor trend amid pandemic
Pacific Market International (PMI) said its U.S. camping and drinkware brand Stanley had a magnificent 2021, benefiting from strong growth in outdoor participation during the pandemic. PMI, which since last September has been owned by Illinois-based Havi Group, a privately held global company that provides supply chain, sourcing and consumer ...
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News briefsPierer Mobility prepares listing on prime market of Vienna Stock Exchange
Austrian two-wheeler specialist Pierer Mobility AG intends to apply for admission to trading in the top segment (Prime Market) of the Vienna Stock Exchange on March 1, 2022. This step is intended to meet the great investor interest in Austria and abroad. With sales of 332,881 motorcycles in its 2021 ...
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News briefsOrthoLite celebrates 25th anniversary with record growth
U.S. brand OrthoLite is celebrating its 25th anniversary in 2022 after two consecutive years of record-breaking growth. 2021 was the best year in the company’s history despite Covid and supply chain issues, according to Glenn Barrett, OrthoLite’s founder and CEO. Barrett, a veteran of the footwear industry, founded OrthoLite in ...
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News briefsUnifi profits pressured despite higher-than-expected sales
Unifi, Inc., a U.S.-based producer of recycled and synthetic yarns, saw sales in the second quarter of its fiscal year grow strongly, although rising labor and input costs squeezed profit margins. In the second quarter ended Dec. 26, sales increased by 23.7 percent from the year-earlier to $201.4 million, as ...
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News briefsMoody’s upgrades Amer Sports’ outlook to positive on strong nine-month sales growth
Rating agency Moody’s reports that Amer Sports, the parent of Arc’teryx, Salomon, Wilson, Peak Performance, Suunto and Atomic, which has been majority controlled by Chinese sportswear giant Anta Sports since 2019, reported solid sales growth of +29 percent in the first nine months of 2021. The gains were driven by ...
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News briefsTradeinn records another strong increase in annual sales
Spanish e-tailer Tradeinn enjoyed a stellar year in 2020. The results for 2021 surprised even its CEO, David Martín, as he confessed to CMDsport. The effects of the pandemic produced a 52 percent increase in annual sales to €288 million for 2020, which was followed by a further 31 percent ...
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News briefsSKS Germany with record sales in 2021
For German bicycle accessories manufacturer SKS Metaplast Scheffer-Klute GmbH (SKS Germany), 2021 was a special year: the company not only celebrated its 100th anniversary but also achieved record sales of around €87 million. In total, the company sold 1.2 million air pumps, 4.5 million permanently mounted and 2 million clip-on ...
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News briefsMIPS moves up to Nasdaq Stockholm’s Large Cap segment
Following Nasdaq’s annual review of the market capitalization of listed companies, Mips AB, which scores with its innovative helmet technology BPS (stands for “Brain Protection System”), is moving up from the Mid Cap to the Large Cap segment of Nasdaq Stockholm. The move will be effective January 3, 2022. “I ...
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News briefsPolygiene redefines financial targets
The board of directors and the management of the Swedish ingredient brand Polygiene AB have set new financial targets for the 5-year period from 2022 to 2026. According to these, Polygiene should achieve net sales of more than SEK 1 billion (€98.6 million) and an EBIT margin of more than ...
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News briefsSolo boosts sales with acquisitions, but added expenses weaken income
Solo Brands, the U.S. company that began trading on the New York Stock Exchange in October and owns the Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard brands, reported that net income attributable to Solo Stove Holdings fell 79 percent to $1.2 million from $10.3 million in the third and ...
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News briefsZumiez Q3 income beats estimates
Beating all estimates, Zumiez reported a solid 5.5 percent increase in net income to $30.7 million for its third quarter ended Oct. 30 on 6.8 percent higher revenues of $289.4 million. The international action sports retailer’s sales were 9.6 percent higher than in the comparable quarter of 2019 when the ...
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News briefsGoldwin’s quarterly results improve
Goldwin has reported a 53 percent increase in net income to 1,397 million yen (€10.8m-$12.7m) for its second quarter ended Sept. 30 as its revenues for the period went up by 9 percent to 21.13 billion (€163.7m-$192.0m). In addition to its own brand, the Japanese group owns the distribution of ...
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News briefsCanadian Tire says it defies supply chain issues
Global supply chain problems won’t leave Canadian Tire Corp. Ltd.’s shelves empty this holiday season, the company said in releasing its third-quarter numbers. While material and semiconductor shortages, Covid-19 factory closures and port backlogs are hampering many companies, Canadian Tire’s CEO Greg Hicks said his company’s supply chain is prepared ...
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News briefsYeti posts double-digit sales increase in Q3
Yeti, the U.S. brand of coolers, drinkware and other outdoor gear, reported that third-quarter net income rose 3 percent to $52,967,000 from $51,445,000. Sales were $362,643,000, up 23 percent from $294,603,000. This includes a 31 percent increase in the DTC business. The DTC channel of $197.1 million accounted for 54 ...
