Financial insights for the sporting goods industry – Page 72

  • conzzeta_logo
    Article

    No pressure for the sale of Mammut

    2020-03-18T12:05:00Z

    As previously reported, the Conzzeta Group plans to divest its Outdoor division, which essentially consists of the Mammut Sports Group. Addressing financial analysts, the Swiss group’s management pointed out, however, that it is under no pressure to sell it at just any price because of the current economic uncertainty.

  • 1200px-Logo-lenzing.svgz
    Article

    Lenzing focuses on specialty fibers to achieve sustainable growth

    2020-03-18T12:05:00Z

    (updated on March 26) In view of the rapidly spreading cornavirus epidemic, the Austrian fiber producer withdrew its former guidance and said it is now expêecting its results to decline in 2020. Due to a “historically difficult” market environment in 2019, Lenzing posted lower revenues and earnings for 2019. Sales ...

  • News briefs

    Standard & Poors and Moody’s downgrade Boardriders

    2020-03-15T12:05:00Z

    Standard & Poors and Moody’s have both downgraded the credit rating of Boardriders, the parent company of Quiksilver, Roxy, Billabong and other action sports brands. S&P has reversed its outlook to negative based on results and guidance provided by the company to the rating agency. It feels that its operating ...

  • Article

    Mixed results at Foot Locker

    2020-03-13T17:54:00Z

    Globally, Foot Locker’s sales decreased by 2.2 percent to $2,221 million in the fourth quarter ended on Feb. 1, with a drop of 2.0 percent in local currencies. On a comparable store basis, sales were off by 1.6 percent worldwide, but Foot Locker Europe’s sales were flat and the Runners ...

  • Article

    With higher sales and visits, Zalando pushes its marketplace

    2020-03-13T14:33:00Z

    Zalando’s momentum keeps going, and the e-tailer is looking at new ways to grow after posting strong results for the fourth quarter of the year. One of the highlights was a jump in the number of site visits, which progressed by 31.9 percent to 960.7 million.

  • Article

    Accell’s new focus on Europe bears fruits

    2020-03-13T13:30:00Z

    Accell Group, the Dutch-based company behind Haibike, Lapierre, Batavus, Raleigh and many other bicycle brands, said that its turnover accelerated across the board in 2019 outside North America, where it is no longer operating directly. Excluding divestitures, the group’s revenues increased by 7.5 percent last year to €1,111 million, with ...

  • hoka-one-one-logo-vector
    News briefs

    Growing Hoka One One moves into apparel

    2020-03-12T12:05:00Z

    Hoka One One, the fast-growing running footwear label of Deckers Brands, is launching its first apparel line for runners, walkers, fitness enthusiasts and outdoor adventurers. For the moment, the 27-piece collection for men and women will only be available online at the brand’s American website, hokaoneone.com. Twenty items are also ...

  • arena_1
    Article

    Adidas posts strong results, but warns about coronavirus impact

    2020-03-11T19:09:00Z

    The year 2019 was a pretty good one for the Adidas Group. On March 11, the company reported revenue gains in all the regions, with Europe returning to growth, and strong increases in direct-to-consumer sales, while profit margins improved. However, the share price tumbled by about 10 percent as the ...

  • crocs
    Article

    Crocs returned to profits in Q4

    2020-03-06T10:56:00Z

    Crocs continued to reap the benefits of its efforts to restructure, ending the year with a profit against a loss for the same quarter a year ago. In the fourth quarter ended Dec. 31, it delivered strong direct-to-consumer (DTC) growth and sell-through at the wholesale level, leading revenues to reach ...

  • 1200px-Globe-international-brand.svg Kopie
    Article

    Many factors weigh on Globe’s profits

    2020-03-06T10:55:00Z

    The strong U.S. dollar hampered the financial results of the Australian multi-brand skate company for the first half of its fiscal year ended on Dec. 31. The net income was down by 9 percent to 3.9 million Australian dollars (€2.3m-$2.7m). This happened despite a net gain of A$ 3.7 million ...

  • Article

    Strong momentum for Acushnet and Kjus

    2020-03-06T10:55:00Z

    The management of Acushnet believes that each of its businesses is has a strong momentum in the new year. In particular, the American golf company controlled by Fila Korea expects that the Kjus brand will continue its rapid progress within golf, benefiting from the launch of a new Gemini rainwear ...

  • Nautilus
    Article

    Nautilus re-launches its digital platform

    2020-03-06T10:54:00Z

    Significant reductions in expenses in the fourth quarter helped Nautilus to reach a net income of $3.5 million, up from $1.4 million for the same period a year ago, in spite of sharply reduced revenues and a lower gross margin.

  • Primaloft
    Article

    Primaloft will make more noise

    2020-03-06T10:52:00Z

    No figures are available, but Primaloft is said to have become very profitable after growing for a while at a double-digit rate every year. Some of the profits are going to be reinvested in consumer-oriented advertising to build up brand awareness, probably starting with the autumn/winter 2021 season, to accompany ...

  • Marco_Boglione
    Article

    BasicNet exceeds €1 billion in aggregate revenues for the first time

    2020-02-28T13:14:00Z

    BasicNet, the owner of Kappa, K-Way and other brands, posted aggregate sales of €1,025 million, representing a 17.1 percent increase as compared to 2018, based on preliminary figures. The figure includes €742.9 million from commercial licenses and €282.4 from production licenses. The operating result before amortization and depreciation (Ebitda) of ...

  • Article

    Shimano buys Pioneer Sports Cycle assets

    2020-02-28T13:09:00Z

    Shimano is planning to develop new products, web services and applications using certain assets of Pioneer Sports Cycle that it has acquired from Pioneer Corporation, the U.S. company that developed the first pedaling monitor and cycling computers in 2013. 

  • Article

    Big loss at Fitbit pending Google’s bid

    2020-02-28T13:08:00Z

    Google’s proposal to acquire Fitbit for $2.1 billion was approved by the latter’s shareholders on Jan. 3, but it is still undergoing regulatory scrutiny in the U.S. and Europe. In both areas, regulatory authorities have expressed concern that the health and other data being collected by Fitbit will be used ...

  • Article

    MIPS’ sales jump by 41%

    2020-02-28T13:07:00Z

    MIPS, a Swedish supplier of helmet-based safety technologies intended to protect wearers against rotational movements, saw good growth in the fourth quarter, with sales rocketing by 41 percent from the year-ago quarter to 88 million Swedish krona (€8.3m-$9.0m). Adjusted for currency effects and acquisitions, and on an organic basis, they ...

  • Article

    Canada Goose lowers outlook due to Coronavirus impact

    2020-02-28T13:04:00Z

    Canada Goose Holdings has drastically lowered its guidance for the financial year ending on March 29 due to the coronavirus outbreak and its impact on sales in Mainland China. The management said that the virus is affecting retail sales of its products both in China and in stores located in ...

  • Article

    New CEO for Rapala

    2020-02-28T13:03:00Z

    In the midst of reforms to turn around the business, Rapala VMC has appointed Nicolas Warchalowski as its new chief executive, effective from March 1, 2020. He has had an extensive career in international consumer businesses, heading up companies such as BabyBjörn, Peak Performance and Haglöfs. 

  • Article

    Moncler continues to grow, without Kering

    2020-02-28T13:02:00Z

    The chief executives of Moncler and Kering have both denied press speculation about a possible acquisition of the Italian brand of luxury outerwear by the parent company of Gucci, Saint Laurent and other luxury goods brands, which spun off Puma two years ago. Indicating that there were no concrete plans ...