Airesis reports a small improvement in the results of Le Coq Sportif for the first half of 2014. Its sales increased by 4 percent to €52.9 million, with double-digit progress in apparel. The turnover with Russian and Argentinian distributors has been under pressure due to the economic situation in those countries. The gross margin declined to 44 percent from 45 percent, but operating earnings before amortization improved significantly and reached €414,000. Net losses decreased to €1,862,000 from €2,783,000 in the year-ago period. After the sale of Boards & More by Airesis at the end of 2013, Le Coq has remained the main asset of the Swiss-based company, which owns 75 percent of its shares. The French brand had a lot of visibility at the recent Tour de France.

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