Descente's sales grew by 6.5 percent in the third quarter ended Dec. 31, reaching 98.9 billion yen (€750.4m-$930.2m), but its operating margin declined by 0.4 percentage points to 5.6 percent and net earnings fell by 8.3 percent to ¥3,830 million (€29.1m-$36.0m). Lifted by the Descente brand, which represented 42.6 percent of the total turnover, sales grew the most in Japan, Korea and China, and they were actually higher in Korea than in Japan. Sales in Europe and the Americas combined went up to ¥4.1 billion (€31.1m-$38.6m), with growth in Europe to ¥3.6 billion (€27.3m-$33.9m) from ¥3.3 billion in the year-ago period. The integration of Inov-8 in the third quarter of 2016 caused the operating income generated in the region to decline.

Topics