Ridestore, which has been designing and selling clothing and accessories for skiing, snowboarding and streetwear directly to the end consumer since 2006, is doing better than ever. This is shown in the annual report for the past financial year.
It shows that Ridestore’s turnover increased by almost SEK 500 million (€44.1m), a 40 percent increase from SEK 1.16 billion (€102m) to SEK 1.61 billion (€142m). At the same time, operating profit increased by 30 percent to SEK 473 million (€41.7m).
Less than a year ago, Ridestore broke the billion-SEK barrier.
The recent annual report shows that Ridestore paid a dividend of SEK 350 million (€30.9m) to its owners, the two brothers Emil and Linus Hellberg.
Ridestore owns brands such as Dope, Newsoul and Montec.
