All Financial Results articles – Page 65
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News briefsPolygiene's sales momentum continues after strong Q2
Polygiene reported sales of 46.9 million Swedish kronor (€4.6m-$5.4m) in Q2, up by 171 percent on the year earlier and accelerating from the already strong 141 percent growth rate seen in the previous quarter, as its top line continued to benefit from the addition of Addmaster Holdings, a global supplier ...
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ArticleStella builds up capacity in Indonesia, sees profit turnaround in H1
The Hong-Kong-based footwear manufacturer and retailer Stella International expects its new factory in Solo, Indonesia, to come on stream in the third quarter of 2021 as the company continues to increase production outside the Chinese mainland. The plant is expected to contribute to overall sales in 2022. Solo will be ...
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News briefsTecnica grew by 27% in H1, performed better than in 2019
Tecnica Group posted revenues of €173.7 million in the first half ended June 30, representing a 27 percent increase as compared to the same period of last year. Ebitda jumped to €17.1 million from €2.7 million in the first half of last year. The net result was a loss of ...
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ArticleBrooks’ growth in Europe should accelerate to 40% in 2021
Brooks Running reported average sales growth of 52 percent in Europe for the first half of 2021 in a press release, forecasting an increase of around 40 percent for the whole year, after a rise of 10 percent in 2020. The main Southern European markets grew significantly faster in the ...
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Article
Xtep reports solid growth for first six months in 2021
Xtep International reported revenue growth of 12.4 percent to 4.13 billion yuan renmimbi (€544m-$639m) in the first half of 2021. The gross margin improved by 1.3 percentage points to 41.8 percent and the net profit grew by 72.0 percent to RMB 426.5 million (€56.1m-$65.9m). The group has completed a multi-faceted ...
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ArticleAnta's sales go up by 55.5%, profits more than double in H1
Anta Sports Products saw revenues jump by 55.5 percent to 22,812 million yuan renminbi (€2,999m-$3,524m) in the six months ended June 30, supported by strong growth in all brands and benefiting from the easing of Covid-19 restrictions. Like other Chinese sports companies, Anta has also seen demand boosted amid government-backed ...
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ArticleSuper Retail Group sees sales up 22%, new lockdowns cause worry
Super Retail Group, the Australian company that owns the Rebel Sport, Boating Camping Fishing (BCF) and Macpac retail chains, generated sales in the fiscal year ended June 26 of 3,453 million Australian dollars (€2,119m-$2,487m), a 22 percent increase on the year-earlier figure and 23 percent higher on a comparable store ...
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News briefsAngling Direct grows by 19.5% despite pandemic disruption
Angling Direct, the British fishing equipment retailer, saw its total revenues increase by 19.5 percent to £38.4 million (€44.8 million) in the six months to July 31, although it was forced to temporarily close all its stores again at the beginning of the year due to Covid-19 restrictions. Revenues rose ...
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Article
Globe’s sales rise 76% as online business, North America lead the way
Globe International, the Australian-based multi-brand skate company, saw sales and profits soar in its fiscal year ended June 30, as it benefited from rapid growth in its online business and its ownership of brands involved in activities that many consumers continued to participate in throughout the Covid-19 pandemic. Sales increased ...
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Article
Margins improve at Foot Locker, while growth softens
Performing better than expected, Foot Locker generated net earnings of $430 million for the second quarter ended July 31, up from net income of $45 million in the same period of 2020 and $60 million in the corresponding quarter of 2019. The progress was partly due to extraordinary gains of ...
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News briefs
El Corte Inglés recovers, cuts off suppliers
El Corte Inglés, which is a major factor in the Spanish sporting goods sector through its department stores, plans to cut down by almost one-half the number of its suppliers under a program that started three years ago, according to El Economista. Meanwhile, the group has been recovering strongly from ...
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News briefs
Yonex’ sales nearly double
Yonex turned around to a net profit of 948 million yen (€7.4m-$8.7m) in its first quarter ended June 30 from a loss of ¥1,279 million in the year-ago period as its sales nearly doubled to ¥16,179 million (€126.0m-$147.9m). They almost tripled in Japan and expanded by 61 percent in the ...
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News briefs
Sumitomo’s sports revenues more than double
Sales grew by 225 percent to ¥28.1 billion (€220m-$257m) during the second quarter ended June 30 for the sports division of Sumitomo Rubber, which includes the Dunlop, Srixon and XXIO brands of tennis and golf products. The higher revenues led the division to post a profit of ¥3,050 million (€23.7m-$27.9m) ...
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News briefs
Globeride performs better than in 2019
Globeride, the Japanese company behind the Daiwa brand of fishing and golf products, saw a more than eightfold increase in its net income to 3,953 million yen (€30.8m-$36.1m) for its first fiscal quarter ended June 30, compared with ¥488 million last year, on a 62 percent jump in revenues to ...
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News briefs
Spain’s Mundo Fitness posted record sales ahead of a merger
According to CMDsport, Mundo Fitness Europe posted record annual sales for 2020 of €12.78 million ahead of its merger with another company, exceeding the previous year’s sales by 138 percent. Net profits of €1,004,436 were up year-on-year by 2.5 percent. The Spanish-based retailer specializing in fitness equipment operates chiefly through ...
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Article
Bogner closes 2020/21 financial year “well above plan”
Bogner suffered considerable losses in terms of sales during the financial year ended on March 31, but it made higher profits. Revenues of €122.5 million for the year fell short of the previous year’s level by almost 25 percent, due to the closure of retail stores because of Covid. On ...
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Article
361 Degrees sees 15.7% H1 sales lift, looks further abroad
361 Degrees International saw first half revenues increase by 15.7 percent to 3,107 million yuan renminbi (€409.3m-$479.3m), and the Chinese sports company’s attributable net profit grew by 32.9 percent to RMB 401.4 million (€52.9m-$61.9m), thanks in part to lower impairment charges and lower interest following the repurchase of its last ...
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ArticleRevolutionRace races ahead in first financial report post-listing
Fresh from a June listing on Nasdaq Stockholm, RevolutionRace, the Swedish DTC outdoor company, saw sales in the fourth quarter of its fiscal year surge by 152 percent to 273.7 million Swedish kronor (€26.8m-$31.3m), with double or triple-digit growth in all markets. The average order value (AOV) rose to SEK ...
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Sports & Leisure unit leads New Wave's Q2 sales higher
Sweden’s New Wave Group, which owns brands like Craft and Cutter & Back, saw total sales in the second quarter ended June 30 rise by 13 percent as compared to the year earlier to 1,487 million Swedish kronor (€145.7m-$171.1m), led by a 70 percent increase in its Sports & Leisure ...
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Article
Fila benefits from improved licensing royalties and Acushnet’s success
Fila Holdings generated group revenues of 1,019,354 million Korean won (€739.4m-$866.2m) in the second quarter ended June 30, up by 63.1 percent on the year earlier, as the Korean-based company’s results continued to benefit from the contribution of its 51-percent owned Acushnet subsidiary and licensing royalties showed a clearly improving ...
