Financial Results – Page 57
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News briefs
Polygiene posts double-digit revenue growth, led by ViralOff
Polygiene, the Swedish-based provider of antimicrobial treatments, posted revenues of 83.9 million Swedish kronor (€8.3m-$10.1m) in 2020, an increase of 22 percent as compared to 2019. In connection with the start of the Covid-19 pandemic, the company launched its ViralOff antiviral technology in April, followed by an upgraded formula with ...
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News briefs
Yue Yuen turned around in Q1
Yue Yuen Industrial says it estimates that it made a net profit of between $80 million and $90 million in the first quarter, against last year’s pandemic-triggered loss of $56 million for the period. The world’s largest shoe producer says it has enhanced the utilization and efficiency of its manufacturing ...
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Article
Fitness and Outdoor raise Garmin’s results
The current popularity of cycling and home fitness has proven to be an engine of growth for Garmin, which posted another strong quarter. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported a 25 percent sales gain to $1,072.3 million for the three months to ...
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ArticleStrong start of the year for Puma
After bouncing back in the second half of 2020, Puma accelerated further in the first quarter of 2021, with revenues surging by 25.8 percent in constant currencies to €1,548.8 million, generating an increase in the gross margin of 0.9 percentage points to 48.5 percent and a big jump in net ...
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Article
Crocs ups guidance after rising by over 60% in Q1
Raising its guidance for the full financial year after a very strong first quarter, Crocs predicted that its revenues will grow by between 40 and 50 percent in 2021 from last year’s level of $1,386 million, up from its previous forecast of 20-25 percent growth. Posting the third consecutive quarterly ...
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Article
New Wave swings to Q1 profit on cost controls
Sweden’s New Wave Group swung to a record first-quarter operating profit, driven by lower costs, despite a sales decline during the period. The operating profit for the three months to March 31 came in at 100 million Swedish kronor (€9.9m-$12m) compared with a loss of SEK 24.1m (€2.4m-$2.8m) a year ...
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ArticleShimano’s revenues rise by 64.4%
Both the bicycle components and fishing tackle divisions of Shimano benefited from the Covid-19 crisis in the first quarter of 2021. Overall, Shimano’s quarterly sales – as compared to the first three months of last year – grew 64.4 percent to 126.43 billion yen (€961.6m-$1.2bn). The gross margin rose by ...
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ArticleStella bounces back in Q1
In a business update, Stella International said its revenues for the first quarter increased by 15.3 percent to $303.4 million. This was mainly due to a favorable comparison base with last year’s first quarter, when the Chinese company’s revenues were affected by store and factory closures, as well as lower ...
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Article
Better margins on flat sales for XXL
XXL ASA managed to generate positive operating earnings (Ebitda) of 207 million Norwegian kroner (€20.6m-$24.9m) on relatively flat revenues of NOK 2,166 million (€215,916-$260,212) in the first quarter of 2020, compared with an Ebitda loss of NOS 36 million (€3.6m-$4.3m) in the same period a year ago. The gross margin ...
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ArticleSkechers is boosted by international wholesale and digital
Lifted by robust international demand, Skechers’ revenues jumped by 15.0 percent in the first quarter to a record level of $1,428.4 million, as compared to a year ago. Sales outside of the U.S. soared by 20.2 percent to represent 58 percent of the total turnover. In particular, the International Wholesale ...
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Article
Moncler posts double-digit revenue growth in Q1, but Europe is down
Moncler saw its consolidated revenues jump by 18 percent to €365.5 million in the first quarter of 2021, with a jump of 21 percent in local currencies, although many countries were still being affected by coronavirus-related restrictions. The growth was primarily driven by a strong contribution from China, Korea and ...
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ArticleThule wants to double sales by 2030, reducing CO² emissions
Everything is still going well for the Swedish-based Thule Group. In an interim report, it said that its sales for the first quarter soared by 45.5 percent from the year-ago quarter to 2,538 million Swedish kronor (€250.7m-$301.6m) ,or by 56.0 percent in constant currencies. Net income jumped to SEK 447 ...
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Article
Strong post-pandemic progress for Li Ning and Xtep
As they are only obliged to publish their results for the first half and the full financial year, some more public Chinese sporting goods companies published an operational update for the first quarter, following up on Anta Sports Products’ previously reported excellent post-pandemic figures for the period. Li Ning Company ...
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Article
MAP Active’s sales fell by 36% in pandemic year
The Jakarta-based sporting goods retailer, wholesaler and manufacturer managed to report a little net profit of 2,078 million Indonesia rupees (€120,000-$140,000) for 2020, down sharply from IDR 686.8 billion in the previous year as its total revenues fell by 36 percent to IDR 4,781 billion (€274m-$329m) because of the Covid-19 ...
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News briefs
Sequential narrows losses, but deadline looms
While reporting lower losses, the Sequential Brands Group, whose brand portfolio includes And1 and Avia, warned that it will not be able to comply with some of its debt covenants for the next 12 months. It is still negotiating an extension of a new waiver on a credit agreement expiring ...
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News briefs
Big sales jumps for Yue Yuen
Yue Yuen Industrial Corp. reported a 30 percent jump in total revenues to $870.9 million for the month of March as compared to a year ago, when the novel coronavirus pandemic shut down its manufacturing and retail operations in China. Revenues from manufacturing and retailing were up by 12 percent ...
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News briefsAnta Sports had a good start to 2021
In an operational update on the first quarter ended March 31, which relates to the performance of Anta, Fila, Descente, Kolon Sport, Sprandi and Kingkow, but does not include the businesses of Amer Sports, Anta Sports Products Limited said retail sales of Anta branded products advanced by 40 to 45 ...
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ArticleJD reports flattish annual results, despite Brexit and the pandemic
JD Sports Fashion Plc managed to report generally good results for the year ended Jan. 30, 2021 despite the impact from the coronavirus pandemic and Brexit, “which have severely tested all aspects of the business,” the management said. The company’s profit before exceptional items and taxes of 421.3 million pounds ...
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Article
Technogym’s overall revenues drop by 24%, but home fitness jumps by 71%
Technogym reported revenues of €510 million for 2020, representing a decline of 23.8 percent from 2019. The home fitness segment, strongly driven by stay-at-home measures during the Covid-19 pandemic, saw revenues jump by 71 percent to €154 million. The strong performance of the home fitness segment, which accounted for 30 ...
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ArticleAsos posts record profits on lockdown shopping boom
In the first half of its financial year ended on Feb. 28, the British online retailer Asos more than tripled pre-tax profits to a record £106.4 million (€122.8m-$145.8m). The company raised its expectations for the full year as it continues to benefit from the Covid-19 pandemic. While the switch to ...
