Intersport PSC Holding, the company which stands for Intersport Switzerland, increased its revenues in its latest financial year by 5.1 percent on a pro-forma basis to 246 million Swiss francs (€166.3m-$214.3m), deriving mainly from central invoicing and fulfillment. The operating profit (EBIT) slipped from CHF 3.4 million to 2.1 million (€1.4m-$1.8m). These figures are not directly comparable, however, as the latest 12-month fiscal year, which ended last Sept. 30, came after a fiscal year of only five months. Turnover in that “short year” was only CHF 60 million (€40.5m-$52.3m).
Sales grew on a comparable basis due to organic growth as well as new retail members and the exceptional effect of the Euro 2008 football championships, which took place in Austria and Switzerland last year. On the retail stage, the affiliated retailers and franchisees as well as buying partners reached sales estimated at CHF 500 million (€338.2m-$435.5m) which represents a market share of roughly 25 percent of the entire Swiss sporting goods market.
Intersport Switzerland explains its reduced EBIT with a lower performance of its cash & carry business and with unexpectedly low direct sales related to the European football championships, where Intersport acted as exclusive licensee of UEFA. Contrary to Austria, where a single retailer, Intersport Eybl, was placed in charge of on-site retailing of the fan items, the management of their sales in Switzerland was handled by Intersport Switzerland directly.