Easton-Bell Sports turned around to a net profit of $8,126,000 in the financial year ended last Jan. 1 from the loss of $4,098,000 incurred in the previous year. Net sales grew by 7.9 percent to$772.8 million for the American company, parent to brands such as Bell, Easton, Giro, Riddell and Blackburn. They rose by 6.6 percent on a currency-neutral basis. Gross margins rose to 34.0 percent from 32.7 percent, and adjusted Ebitda went up by 15.7 percent to $12.9 million. Team sports sales grew by 10.3 percent, up 8.4 percent in constant currencies. Action sports were up by 5.1 percent, an increase of 4.6 percent on a currency-neutral basis. Strong fill-in orders for snow sports helmets and goggles and good sell-through for cycling helmets and wheels helped to drive the growth in the final quarter up to a rate of 8.2 percent.

Topics