Peak Performance saw its revenues rise by 7.4 percent in local currencies in the first nine months of IC Group's financial year, which ended on March 31, with gains at wholesale as well as at retail. Translated into Danish kroner, they grew by 5.8 percent to DKK 967 million (€129.8m-$155.2m). The brand's operating profit (Ebit) amounted to DKK 163 million (€21.9m-$26.2m), representing an increase in the operating margin to 16.9 percent from 15.8 percent in the year-ago period, in spite of a drop in the third quarter that was primarily attributed to higher costs.
Adding its other brands, including Tiger of Sweden and By Malene Birger, IC Group reported a decline of 10.4 percent in its consolidated revenues to DKK 1,203 million (€161.5m-$193.1m) during the nine-month period, generating an operating margin of 7.7 percent.
The company said it will continue to provide support and services to Peak Performance for a transition period of six to twelve months after completing its sale to Amer Sports on a cost-covered basis. It indicated that it might consider divesting its other brands as well, depending on timing and conditions.
