All the divisions of the Lafuma Group registered sales decreases in the first quarter ended last Dec. 31 against the first quarter of the previous financial year due to a sluggish market in Europe and an Asian market that turned out to be less dynamic than in the previous seasons. Sales in the Surf division, represented by Oxbow, went down by 44.2 percent on a constant currency basis, similarly to the fate of many other surf brands in the world during the same period, which also went through a very rough patch. Across the group, sales fell by 13.4 percent in France and by 18.8 percent internationally on a constant currency basis. During the coming quarters, the group will work to stabilize sales and improve profitability by focusing on both the quality of its products and services and sales strategies for each of its brands. The forecast for full 2012/2013 fiscal ending next September is for a sales decline, even though the negative trend of the first quarter should be more mitigated in the following quarters (more in The Outdoor Industry Compass).