Fenix Outdoor International AG, despite some winter merchandise shortages and some credit problems with North and South American customers, reported an operating profit of €2.4 million against €0.4 million for the period ended Dec. 31.
Fenix Outdoor International AG Brands segment, which includes Fjallraven, Royal Robbins, and Tierra, suffered 3.3 percent year-over-year sales drop to €45.7 million. But given there were six fewer retail doors in the US, segment sales were essentially flat.
Joint venture in China outperformed nearly every market in Q4
The global sales unit, which distributes Fenix brands, reported a 68 percent drop in Q4 operating income to €1.8 million from €5.7 million with the results affected by challenges in the Korean market and held back orders due North American retail credit risks. The joint venture in China outperformed nearly every market in Q4.
Read the complete article at our sister web The Outdoor Compass.
