Financial Results – Page 79
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Total sales of electric bicycles, e-MTBs and speed pedelecs in...
Total sales of electric bicycles, e-MTBs and speed pedelecs in Germany, France, Italy and the Netherlands – the four main markets in Europe - increased by a combined 21 percent in 2017, according to reports in Bike Europe. France showed the biggest increase in the group, with figures up by ...
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Skechers' management told investors at an investors' conference organized by...
Skechers' management told investors at an investors' conference organized by UBS that it feels well-positioned to raise its operating margin from 10 percent to 12-13 percent after its heavy investments outside the U.S. One of the reasons is that the brand can obtain higher price points abroad, especially in Asia, ...
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Wolverine Worldwide has become the target of at least 90...
Wolverine Worldwide has become the target of at least 90 individual lawsuits alleging that its now closed tannery in Kent County, Michigan, polluted drinking water with toxic chemicals used by 3M to waterproof its leather, starting with its Hush Puppies shoes in 1958. About 20 sites are said to have ...
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BasicNet reports a final net consolidated profit of €10.6 million...
BasicNet reports a final net consolidated profit of €10.6 million for 2017, representing an increase of 3.3 percent from the previous year. As previously reported, the group's aggregated sales rose by 1.1 percent to €747.8 million. Ebitda went up by 7.3 percent to €23 million. Net debt increased to €61.5 ...
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Zumiez is hoping to break even in Europe. It is...
Zumiez is hoping to break even in Europe. It is still losing money in the region, where it ended the past financial year on Feb. 3 with 34 Blue Tomato stores and an internet shop, because of numerous investments in the last couple of years, increased costs, sales shortfalls and ...
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Erima reported that it increased its sales by 3 percent...
Erima reported that it increased its sales by 3 percent to €66 million in 2017, as compared to the previous year. In Germany, sales rose by 5 percent, while sales outside Germany, the company's domestic market, grew by 25 percent. Sales in Belgium went especially well. Erima reported an increase ...
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The consumption of sporting goods products grew in France by...
The consumption of sporting goods products grew in France by 3 percent to €11.3 billion including bicycles in 2017, according to preliminary figures compiled by the country's sporting goods industry federation, Union Sport & Cycle. In particular, sales grew by an estimated 5.7 percent in footwear and by 2.2 percent ...
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Two weeks before the formal release of the Adidas Group's...
Two weeks before the formal release of the Adidas Group's results for 2017, the company's chief executive reportedly indicated that its turnover increased in a range of 15 to 20 percent for the year to reach more than €20 billion. As reported by Reuters, Kasper Rorsted said at a conference ...
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The surfing division of the Lafuma group, which is essentially...
The surfing division of the Lafuma group, which is essentially represented by Oxbow, raised its turnover by 6.0 percent to €26.8 million last year, while its operating profit moved up by 14.2 percent to €5.8 million. The French company described this as a significantly positive performance, with a return to ...
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Sumitomo Rubber Industries reported an operating profit of 4.4 billion...
Sumitomo Rubber Industries reported an operating profit of 4.4 billion yen (€33.4m-$41.4m) in 2017 for its sports segment, which includes the distribution of Babolat in Japan plus the global operations of Dunlop, Srixon, Cleveland Golf and XXIO. The segment's sales rose by 12 percent last year to ¥81.7 million (€0.62m-$0.77m), ...
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A positive swing in foreign exchange rates and other extraordinary...
A positive swing in foreign exchange rates and other extraordinary items allowed Yonex to double to 1,282 million yen (€9.7m-$12.1m) its comprehensive net income for the first nine months of its financial year, ended on Dec. 31. Sales inched up by 2 percent to ¥46.2 billion (€350.4m-$434.4m) but the gross margin fell ...
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Globeride reported a big increase in comprehensive net income to...
Globeride reported a big increase in comprehensive net income to 3,576 million yen (€27.1m-$33.6m) for the first nine months of its financial year as compared to ¥587 million in the year ago period, as lower foreign exchange losses and the settlement of a patent issue led to an increase of ¥2.5 ...
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Descente's sales grew by 6.5 percent in the third quarter...
Descente's sales grew by 6.5 percent in the third quarter ended Dec. 31, reaching 98.9 billion yen (€750.4m-$930.2m), but its operating margin declined by 0.4 percentage points to 5.6 percent and net earnings fell by 8.3 percent to ¥3,830 million (€29.1m-$36.0m). Lifted by the Descente brand, which represented 42.6 percent ...
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Sequential Brands, which owns and licenses And1, Heelys, Revo and...
Sequential Brands, which owns and licenses And1, Heelys, Revo and many other brands, reported an 8 percent increase in last year's revenues to $167.5 million, mostly from licensing, adding that And1 and its other action brands performed well. Adjusted Ebitda increased by 18 percent to $98.0 million, but the company ...
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China's central government has set a target of 6.5 percent...
China's central government has set a target of 6.5 percent growth for its Gross Domestic Product for 2018, the same that it had set for last year, but with a higher quality level. In reality, China's economic growth went beyond the government's expectations in 2017 with an estimated rise of ...
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Jeff Bezos, founder and chief executive of Amazon, has overtaken...
Jeff Bezos, founder and chief executive of Amazon, has overtaken Bill Gates as the wealthiest individual in the world, according to Forbes, with a personal net worth of $127 billion. He is also the first one to have reached a personal wealth of more than $100 billion. Bezos, 54, owns ...
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In contrast with Puma's strong results (see the details in...
In contrast with Puma's strong results (see the details in separate articles in this issue), Volcom and the rest of Kering's Sport & Lifestyle division continued to suffer. The division's Other Brands segment recorded a 4.7 percent decline in revenues to €230.2 million, including a drop of 3.2 percent on ...
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Hanesbrands said its Champion brand grew by 15 percent in...
Hanesbrands said its Champion brand grew by 15 percent in the fourth quarter of 2017, thanks largely to moves intended to consolidate go-to-market strategies on a global basis and the retro trend in sports fashion. The brand's sales rose by more than 10 percent in every region of the world, ...
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Oakley enjoyed a rebound in the fourth quarter of last...
Oakley enjoyed a rebound in the fourth quarter of last year, after its sales were under pressure from hurricanes and stricter pricing policies in the U.S. Its parent company, Luxottica, saw its sales decline by 2 percent to €2,093 million in the quarter, while improving by 4 percent in local ...
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December retail figures in Sweden show that Christmas sales were...
December retail figures in Sweden show that Christmas sales were record-setting for the second year in a row throughout the retail sector. However, the good news does not extend to the sale of sporting goods. According to Hui Research, sporting goods sales increased by a moderate 0.9 percent compared to ...
