Airesis, the Swiss holding company of Le Coq Sportif and Movement Skis, reports a net loss of 11.4 million Swiss francs (€10.8m-£11.8m) for 2019, compared with a loss of CHF 891,000 in the prior year. Consolidated revenues rose by 3 percent to CHF 157.5 million (€149.7m-£162.6m). Le Coq Sportif, in which Airesis now has a stake of 77 percent, booked a net loss of €10.2 million, compared with a profit of €863,000 in the prior year. The French sports brand’s sales went up by 6.9 percent to €132.3 million, lifted by a 23 percent jump in apparel, which overtook footwear sales for the first time. The gross margin declined by five percentage points to 45 percent. Including the licensees’ sales, wholesale-equivalent revenues reached €238,000. Movement had a rather stable net loss of CHF 271,000 (€257,527-£279,889) on 4 percent higher sales of CHF 10.0 million (€9.5m-£10.3m). While Le Coq’s Ebitda turned negative at €2.1 million, compared with positive Ebitda of €5.4 million in 2018, the group’s ski brand had positive Ebitda of CHF 630,000 (€598,621-£650,811).

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