Fenix Outdoor, the company behind brands such as Fjällräven, Tierra, Primus and Hanwag as well as the Swedish retail chain Naturkompaniet, posted strong figures for the first nine months of 2009. In the period from January to September, total net revenues were up by 17 percent and reached 874.4 million Swedish kronor (€83.9m-$123.7m). The operating profit reached SEK 154.2 million (€14.8m-$21.8m) – 28 percent more than in the first nine months of 2008.
Sales of the Naturkompaniet chain increased from SEK 173.1 million to 210.2 million (€20.2m-$29.7m). Its profit grew significantly from SEK 12.7 million to SEK 21.5 million (€2.1m-$3.0m). The wholesale trade increased from SEK 571.9 million to 664.2 million (€63.7m-$93.9m) in the first nine months of this year. This division’s operating profit jumped from SEK 131.7 million to 155.2 million (€14.9m-$21.9m). The holding company, which does not make any sales, posted a loss of SEK 22.5 million (€2.2m-$3.2m) (more in The Outdoor Industry Compass).
