Activinstinct, the British online sports retailer, reports a 33 percent increase to £11 million (€12.6m-$17.0m) in its sales for the financial year ended Aug. 31. Without quoting a figure, it also reports an 84 percent increase in profits. The company is forecasting further increases of 40 percent in sales and 70 percent in profits for the current year, thanks mainly to its push into European markets. After opening a site for the French market in April, Activinstinct plans to do the same within six weeks in Germany. Euro-denominated sales currently represent 25 percent of revenues, and their proportion is expected to rise above 50 percent within 18 months.

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