Conzzeta Group, the parent company of Mammut Sports Group, said revenues from the Outdoor segment, which only consists of Mammut, declined in the first nine months of this year by 20.0 percent in reported terms to 149.4 million Swiss francs (€139.3m-$163.2m), or by 17.5 percent in constant currencies and on an organic basis. In the third quarter, Mammut recorded slight growth, however. In a note, Credit Suisse praised Mammut’s third quarter turnaround, which has surpassed analysts’ expectations. Conzzeta’s total revenues declined by 20.3 percent to CHF 905.4 million (€844.6m-$989.0m) in the first nine months of 2020. On an organic basis and in constant currencies, they were down by 11.8 percent. In December 2019, Conzzeta announced plans to offload Mammut to focus solely on its sheet metal processing solutions. No announcement has been made yet with regard to a potential buyer. Conzzeta confirmed its outlook for the full year, with an operating result in the mid-double-digit million range and significantly lower sales than in 2019.