In reporting its results for the first four months of this year, Conzzeta Group said its sporting goods company, Mammut Sports Group, had the best performance, posting revenue growth of 12.3 percent to 76.4 million Swiss francs (€50.4m-$70.3m), helped by strength in reorders of winter goods and good orders for the summer.
Germany and Switzerland, Mammut’s core markets, performed well, with growth coming from Italy and Japan as well. Some export to Eastern Europe and Asia were hurt by unfavorable currency effects.
The company said demand for outdoor products is strong, but a slowdown is being seen in the U.S., where consumer confidence is low.
Conzzeta Group overall was not so successful. Revenues fell by 32.4 percent to CHF 330.9 million (€218.1m-$304.3m), with a 30.5 percent decrease in constant currencies. The group finished the quarter with a profit of CHF 11.8 million (€7.8m-$10.9m), about half what it was for the same period last year (CHF 22.9 million). Because of weak orders in its machinery and systems engineering divisions, Conzzeta expects a further drop in overall revenues as the year goes on.