Financial insights for the sporting goods industry
We cover the latest financial results and stock market updates from the sports business
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Article
Arc’teryx drives Amer Sports’ success
With its outdoor brands Arc’teryx, Salomon and Peak Performance, Amer Sports increased its sales and even overtook Adidas in share price. Here is our financial analysis.
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Sales up, profits down at Decathlon in FY24
The group has been cutting costs and plans to continue with this in 2025.
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Ecco’s net revenues drop by 5%
Unsatisfactory results obliged the company to shore up its balance sheet in 2024.
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News briefs
Sales for Decathlon France amounted to €4.73bn in FY24
This result is flat from the €4.752 billion and €4.7 billion the company reported in FY23 and FY22.
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Li Ning posts 3.4 percent increase in annual operating profit
By product category, retail sales of running shoes were up 25 percent year-over-year with fitness footwear up by 6 percent.
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Sales rise slightly in Q1 for H&M
H&M (Hennes & Mauritz) said that in the first quarter ended Feb. 28 net sales rose a reported 3 percent to SEK 55.333 billion (€5.10bn).
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International drives the topline as Lululemon annual sales top $10bn for first time
Markets outside the Americas were vital to Lululemon surpassing annual revenues of $10 billion for the first time in 2024.
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Technogym pots strong FY24 results despite geopolitical uncertainties
Year-over-year Ebit rose by 22 percent to €122,962,000 and annual net profit jumped by 15.5 percent.
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Goldwin raises FY profit forecast despite sales decline
Goldwin is cutting its forecast but expects higher profits in 2025, thanksto improved non-operating income and cost management.
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Rip Curl with DTC growth, while wholesale dropped for KMD due to cautious pre-season buying
Despite a tough first half, the parent of Kathmandu, Oboz and Rip Curl sees positive momentum in DTC and wholesale orders.
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News briefs
Stella Intl.’s operating income rises by 15.7% in 2024
Stella’s annual operating income rose 120 basis points to 11.9 percent.
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Fila Holdings reports FY24 sales up 3%, rebrands as Misto
Net loss widened to 69,402 million Korean won (48.6 million euros) in Q4.
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Nike’s Q3 result $11.3bn, down 9% – Hill: ‘We’re on the right path’
Nike moving with “focus and urgency,” but sets realistic outlook for complete turnaround.
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News briefs
Strong winter and growth throughout the year for Intersport Austria
Intersport Austria reports a strong winter season with a 17 percent rise in ski rentals and robust growth in running.
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Xtep Intl. realigns strategy, raises FY operating profit by 9.3 percent
Saucony’s parent company´s revenue from continuing operations increased by 6.5 percent to RMB13,577.2 million (€1.782b).
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Grupo SBF’s adjusted Ebitda improves by 27% in FY24
The group was particularly pleased with results from its Centauro segment.
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Klarna files for IPO in New York
The Swedish fintech company, valued at €13.6b recently, expects to trade on the New York Stock Exchange under the symbol “KLAR.”
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News briefs
In FY24 Golden Goose revenues rose 13%
In the sole fourth quarter, the top line was up by 14 percent to €188.6 million.
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News briefs
Dutch withdrawal provokes loss in Sprinter’s FY24
Overall revenue growth could not overcome one-off impairments.