Conzzeta, the parent company of Mammut Sports Group, announced that its subsidiary for sporting goods lost some turnover in its last financial year (the same as the calendar year) in comparison with 2010. Sales went down by 4.7 percent to 210.8 million Swiss francs (€174.8m-$233.6m). Conzzeta says, however, that Mammut would have booked an increase by 4.1 percent on a currency-neutral basis and excluding the effects of the divestment of the Toko wax brand to Norway's Swix Sport in 2010 and the acquisition of Snowpulse, the specialty company for avalanche rescue solutions, last year. Conzzeta explains that its sports division suffered from mild weather conditions in Europe and elsewhere. In Switzerland, Mammut's home market where the brand is particularly strong, was under pressure due to the strong local currency in comparison with the euro, which made Swiss shoppers leave the country for bargains in the neighboring countries of the Eurozone.

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