Financial insights for the sporting goods industry – Page 123
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News briefs
After a sudden dip in January, Swedish sport retail increased...
After a sudden dip in January, Swedish sport retail increased in February. In current prices, sales increased by 0.2 percent in comparison with February 2010. In constant prices, sales volume increased by 2 percent compared with February 2010. This means that sport sales in constant prices so far have decreased ...
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News briefs
Scott Sports recorded an increase in group sales in the...
Scott Sports recorded an increase in group sales in the last three years of over 10 percent. The free-ride mountaineering segment of Scott in particular has been growing continuously over the last couple of years. The target group of the Scott's ski segment is currently the free-ski segment, with a ...
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News briefs
Derby Cycle forecast that its sales will rise to at...
Derby Cycle forecast that its sales will rise to at least €200 million in the fiscal year ending Sept. 30, 2011 from €173.2 million a year earlier. The German company sees its Ebit margin reaching 7-8 percent against 7.0 percent.
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News briefs
Hervis Sport, one of the leading Austrian retail chains for...
Hervis Sport, one of the leading Austrian retail chains for sporting goods, increased its sales by 7.3 percent last. The company, which is a subsidiary of Spar, reached total sales of €461 million after VAT. In 2010, it opened 10 new stores, four in Austria and six in other countries. ...
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News briefs
KMU Forschung Austria, a market research company that monitors small...
KMU Forschung Austria, a market research company that monitors small and medium-sized companies, estimates that the Austrian sporting goods retail market reached a level of €1,436 million before VAT last year. The growth was 4.3 percent including inflation, and 1.6 percent excluding price increases. On average, the inflation rate for ...
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News briefs
Bertel O. Steen says its Viking Fottøy subsidiary turned around...
Bertel O. Steen says its Viking Fottøy subsidiary turned around to a profit of 26 million Norwegian kroner (€3.3m-$4.7m) last year from a loss of 22 million NOK in 2009. The turnover reached 340 million NOK (€43.1-$60.9m), of which almost 30 percent was represented by sales to sports retailers. The ...
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News briefs
Indian farmers are expected to raise the area destined to...
Indian farmers are expected to raise the area destined to cotton crops by 15 percent in the 12 months ending in March 2012 because of the recent price hikes, says the Cotton Association of India. As a result, the National Commodity and Derivatives Exchange of India predicts that the country's ...
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News briefs
After eight economically unstable years, Dale of Norway group experienced...
After eight economically unstable years, Dale of Norway group experienced positive turnover growth in 2010. The operating profit was 6.9 million Norwegian kroner (€73.7m-$104.0m), about 11.5 million NOK more than in 2009. The turnover was 91.2 million NOK (€11.6m-$16.3m), of which about two-thirds was sold outside Norway. Continued growth is ...
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News briefs
Swix Sport Group experienced a 42 percent boost in sales...
Swix Sport Group experienced a 42 percent boost in sales last year to 581 million Norwegian kroner (€73.7m-$104.0m), compared with 410 million NOK in 2009. The company reported an operating profit before amortization (Ebitda) of 73 million Norwegian NOK (€9.2m-$13.1m), up from 44 million NOK in 2009. Changes such as ...
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News briefs
Li & Fung booked a 27 percent increase in full-year...
Li & Fung booked a 27 percent increase in full-year profits to HK$4.28 billion (€390.0-$549.0m) thanks to a 19 percent rise in turnover to HK$124.10 billion (€11.3bn-$15.9bn). The core operating profit of the Hong Kong-based sourcing group rose by 42 percent to HK$5.66 billion (€515.7m-$726.0m), which was largely due to ...
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News briefs
Orange 21, the parent company of Spy Optic, increased its...
Orange 21, the parent company of Spy Optic, increased its net loss to $4.6 million in 2010 from $3.4 million a year earlier. The bottom line was affected by a $1.4 million loss following the sale of a 90 percent stake in the Italian eyewear manufacturer LEM and an additional ...
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News briefs
BasicNet nearly halved its 2010 net profit to €8.5 million...
BasicNet nearly halved its 2010 net profit to €8.5 million from 16.5 million a year earlier despite stronger, sales as operating profits were hit by the company's decision to step up its investments, which were €10 million higher than a year earlier, and to limit price increases in order to ...
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Short stops
Reporting an estimated sales increase of 16.6% to €372 million...
Reporting an estimated sales increase of 16.6% to €372 million in the past year, the management of Moncler confirms that the company should go public on the Italian stock exchange before the end of 2011
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News briefs
According to COCA, the China Outdoor Commerce Alliance, retail sales...
According to COCA, the China Outdoor Commerce Alliance, retail sales of outdoor products increased by 47 percent in 2010, going from 4,850 million renminbi (€530.5m-$737.6m) in 2009 to RMB 7,130 million (€780m-$1,048m) last year. Presented at the recent Ispo China fair in Beijing, COCA's annual figures indicate growth of “only” ...
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News briefs
Björn Borg has reported a 3 percent increase in revenues...
Björn Borg has reported a 3 percent increase in revenues to 536 million Swedish kronor (€59.6m-$83.5m). Sales grew in Sweden, Finland, Germany and Belgium, but they declined in Norway, Denmark and the Netherlands. The net profit went up by 12 percent to SEK 90.8 million (€10.1m-$14.1m).
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News briefs
Sport 2000 France indicates that it made a smaller loss...
Sport 2000 France indicates that it made a smaller loss in 2010 than in the previous financial year, due essentially to its remaining corporate stores, which are being gradually sold. The retail members' own sales rose by 2 percent. The management is due to present a new business plan at ...
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News briefs
Albany International has reported a 19.0 percent increase in sales...
Albany International has reported a 19.0 percent increase in sales for its PrimaLoft products division in the three months ended Dec. 31, but the growth on a currency-neutral basis reached 23.0 percent. The division's operating income improved to $351,000 from $21 million in the same period the year prior, indicating ...
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News briefs
Globe International's results for the first half ended last Dec....
Globe International's results for the first half ended last Dec. 31 were adversely impacted by currency exchanges and gross margin pressures from a difficult retail environment and rising input costs. Net income from A$832,000 for the six months ended Dec. 31. Ebitda fell by 42 percent to A$1,881,000 (€0.9m-$1.3m) from ...
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News briefs
Berkshire-Hathaway's Other Manufacturing business, which includes Fruit of the Loom...
Berkshire-Hathaway's Other Manufacturing business, which includes Fruit of the Loom and Russell Athletic, had an 11 percent increase in revenues to $17.7 billion, according to the company's annual report. FTL, which currently employs slightly more than 30,000, saw “significantly improved” operating results due to manufacturing efficiencies and cost management efforts.
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News briefs
Easton-Bell Sports turned around to a net profit of $8,126,000...
Easton-Bell Sports turned around to a net profit of $8,126,000 in the financial year ended last Jan. 1 from the loss of $4,098,000 incurred in the previous year. Net sales grew by 7.9 percent to$772.8 million for the American company, parent to brands such as Bell, Easton, Giro, Riddell and ...
