Financial Results – Page 137
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News briefs
Otto Group improved its operating earnings before amortizations by 204...
Otto Group improved its operating earnings before amortizations by 204 percent to €667 million in the financial year ended last Feb. 8, resulting in an Ebitda margin of 5.8 percent. Total revenues increased by 12.6 percent to €11.4 billion, with growth in all its three division. Financial services reached the ...
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The members of the Intersport and Sport 2000 buying groups...
The members of the Intersport and Sport 2000 buying groups suffered sales declines in the first six months of this year, due primarily to unfavorable weather conditions and a comparison with a World Cup year. Besides team sports, the snow sports and outdoor categories scored declines of 32 and 3 ...
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Salewa's sales rose by 12 percent last year to...
Salewa's sales rose by 12 percent last year to €110 million, while those of Dynafit jumped by more than 30 percent to €40 million. Combined with other operations, including the distribution of Speedo, Rip Curl and other brands, the Oberalp group raised its sales to €165 million in 2010. Footwear ...
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Impacted by nearly $1.3 million in litigation charges related to...
Impacted by nearly $1.3 million in litigation charges related to a product liability verdict issued last December, Cybex International reports a net loss of $550,000 for the second quarter ended June 25, worse than the loss of $356,000 sustained in the same period a year ago. The company is appealing ...
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Vulcabras has postponed until some time in 2012 a planned...
Vulcabras has postponed until some time in 2012 a planned public offering of new shares intended to help finance its $50 million investment in an Indian factory, which should initially made uppers for its Olympikus line of athletic shoes. The company, which is also Adidas' partner for the distribution of ...
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News briefs
JJB Sports has reported that its turnaround plan is coming...
JJB Sports has reported that its turnaround plan is coming along well, but the retail market in the U.K. is difficult and might remain that way for a while. Nonetheless, the company says it remains on track toward its objectives and expects a full turnaround. Financial results for the 22 ...
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News briefs
Giant Manufacturing reports a 7 percent increase in consolidated sales...
Giant Manufacturing reports a 7 percent increase in consolidated sales for the six months ended June 30 to 22,754 million Taiwanese dollars (€558.9m-$789.4m). However, sales slipped by 1.5 percent during the month of June.
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News briefs
China Dongxiang, which owns Phenix and the rights to the...
China Dongxiang, which owns Phenix and the rights to the Kappa brand name for China and Macau, is warning investors that the results for the first half ended June 30 may show a 45 percent decline in its turnover. They would thus reach a level equivalent to about 1,489 million ...
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News briefs
Yue Yuen has reported net income of $272.5 million for...
Yue Yuen has reported net income of $272.5 million for the first half ended last March 31, up from a profit of $222.8 million in the same period a year ago. We already reported on the company's 24.4 percent increase in sales to $3,301.9 million for the same period in ...
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Golf House has reported a pre-tax profit of €1.5 million...
Golf House has reported a pre-tax profit of €1.5 million on sales of €27.5 million in 2010. The German golf retail chain, which was previously the property of Karstadt, has just opened its 16th store in Münster.
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News briefs
Wintersteiger, the Austrian mechanical engineering company, returned to growth last...
Wintersteiger, the Austrian mechanical engineering company, returned to growth last year as its sales jumped by 15.1 percent to €93.4 million, its highest level ever. Wintersteiger's sports division brought in a turnover of €45.4 million, an increase of 4.4 percent compared with 2009. Most encouraging, the company achieved an operating ...
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News briefs
Assosport, the Italian sporting goods industry association, reported at its...
Assosport, the Italian sporting goods industry association, reported at its annual general assembly that the sales of its members had increased by about 8.5 percent last year to reach €3.8 billion, but this is mostly due to new memberships; the sales of existing members inched up by only 1 percent. ...
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Yue Yuen's net profit increased by only 9.2 percent to...
Yue Yuen's net profit increased by only 9.2 percent to $230 million for the six months ended March 31, although its sales for the period went up by 24.4 percent to $3,302 million, as previously reported. The gross margin declined to 22.9 from 25.5 percent from the same period a ...
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Andrea Cannelloni, vice president and general manager of Napapijri, told...
Andrea Cannelloni, vice president and general manager of Napapijri, told reporters in Milan earlier this month that the brand's sales should reach a level of about €140 million for this full year. Owned by VF Corporation, Napapijri enjoyed double-digit sales growth last year, but the company predicts that it will ...
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News briefs
Kelme concluded a successful business year in 2010, with a...
Kelme concluded a successful business year in 2010, with a 35 percent increase in sales to €12 million. The company company would like to increase sales by another 30 percent this year to a total of €16 million. In the first quarter of 2011, total sales were about €4 million. ...
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News briefs
The Spanish brand Original Buff recorded an increase in total...
The Spanish brand Original Buff recorded an increase in total sales of 20 percent to €22 million in 2010. Domestic sales accounted for 20 percent of the company's total sales. For 2011, the company expects a 10 percent increase. Regarding its international expansion, the company sees great potential in Asian ...
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Plimsoll, a financial consultant in the U.K., estimates that one...
Plimsoll, a financial consultant in the U.K., estimates that one out of five companies in the British sports and leisurewear sectors could change ownership as a consequence of the current economic climate. The consultancy identified 78 companies sitting on a sizeable cash reserve, which is not very productive due to ...
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Norwegian sporting chains experienced a 3.5 percent decrease in turnover...
Norwegian sporting chains experienced a 3.5 percent decrease in turnover during the first quarter of 2011, according to their industry association, Sportsbransjen. This dip followed a six-year period of solid growth every quarter for the Norwegian sporting goods industry. The likely reason for this was the early onset of winter ...
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Lowa Sportschuhe's total sales increased from €107 million in 2009...
Lowa Sportschuhe's total sales increased from €107 million in 2009 to €132 million last year. The figures include those of the company's subsidiaries in the U.S. and Switzerland, and were partly boosted by new distribution contracts in Switzerland. The turnover of the Lowa brand alone jumped from €92 million to ...
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News briefs
Apparently, Adidas Outdoor is on its way to meet the...
Apparently, Adidas Outdoor is on its way to meet the target of €500 million in global sales by 2015. In 2010, the outdoor division of the Three Stripes managed to reach sales of more than €200 million, with significant double-digit growth. In the first quarter of this year, sales were ...
