The Conzzeta Group reported a 12.4 percent increase to 183.2 million Swiss francs (€160.4m-$184.0m) in the first nine months of this year for its sporting goods segment, which consists essentially of the Mammut Sports Group. A spokesman declined to comment on the effect that the recent depreciation of the Swiss franc may have had on the strong increase. In the first six months of this year, the segment had posted growth of 17.0 percent to CHF 111.1 million (€97.5m-$113.7m), with a rise of 14.2 percent on a comparable basis. Including other operations, the Conzzeta Group's net revenues went up by 29.3 percent to CHF 1,306.5 million (€1,144.2m-$1,312.3m), and they were up by 14.0 percent on a comparable basis, excluding the currency effect and acquisitions. It still expects revenue growth of around 20 percent and operating margin at the lower end of a targeted mid-term range of 8 to 10 percent.