Browsing Tag Company results
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14 May 2012 at 11 : 48 AM
Bike business supports Dorel results in Q1 2012
Cannondale owner Dorel Industries Inc has released its Q1 2012 results. Total company revenue rose 2.2% to US$621.1 million. Noting that the first quarter of 2011 was last year's strongest, Dorel President and CEO Martin Schwartz said that momentum thus far in 2012 is encouraging after a generally tough 2011. Also, as noted by the company for its full ...
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8 May 2012 at 10 : 19 AM
Easton-Bell Sports keeps on its growth path
Bell, Easton and Giro brand owner, Easton-Bell Sports Inc has reported net sales of US$216.3 million in Q1 2012 a gain of 6.3% year on year. Gross margin increased by 230 basis points (bps) to 33.8% from 31.5%, and adjusted EBITDA (earnings before interest, tax, depreciation and amortization) increased by 14.9% to reach US$22.6 million. “We are pleased ...
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4 May 2012 at 10 : 16 AM
Fitness category the star performer as Garmin Q1 2012 sees growth across the board
Garmin Ltd has released its results for the fiscal first quarter ended 31 March 2012. Total company revenue reached US$557 million, up 10% year on year from US$508 million in Q1 2011. All of Garmin’s business units – Automotive/Mobile, Outdoor, Fitness, Marine, Aviation – delivered growth in the period. Although, it was the Fitness segment that was ...
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1 May 2012 at 17 : 39 PM
Shimano Q1 2012 sales on the up
Shimano has confirmed that its Q1 2012 fiscal sales ‘fulfilled the forecast’ and that bicycle components saw a 22.1% year on year rise in turnover to reach ¥49.8 billion. Operating income increased by 40.9% to ¥10.1 billion. Shimano reported buoyant retail sales for bicycle components in Europe, pointing to a generally mild winter in Europe except ...
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1 May 2012 at 16 : 58 PM
Strong preliminary adidas Q1 results overshadowed by irregularities in India
Preliminary Q1 2012 figures have been released by adidas Group that ‘are materially above market expectations’. In the first quarter of 2012, adidas Group revenues increased 14% on a currency-neutral basis or 17% in Euro terms to €3.8 billion. Growth rates in Greater China and Japan as well as at TaylorMade-adidas Golf were stronger than originally ...
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27 April 2012 at 12 : 51 PM
Accell Group €31.3 million in equity offering and approves dividend
Having this week confirmed its acquisition of Raleigh, leading European bike business Accell Group NV has successfully raised €31.3 million through an equity offering. The ‘accelerated bookbuild offering’ of 2,000,000 new ordinary shares has been placed at a price of €15.65 per share. The net proceeds of the offering will be used to partly ...
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2 April 2012 at 09 : 22 AM
Garmin schedules Q1 2012 earnings call
Garmin is inviting shareholders and investors to listen to its first quarter 2012 earnings conference call, which will be broadcast over the Internet on Wednesday 2 May 2012 at 10:30a.m ET. Hosted by Garmin executives, the call will be held in conjunction with the company's earnings release. This will be distributed prior to market open on 2 May ...
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12 March 2012 at 11 : 30 AM
Bicycle business drives full year results at Dorel
Cannondale owner Dorel Industries Inc has reported that total revenue for Q4 2011 increased 4.1% to US$561.6 million, up from US$539.5 million a year ago. Revenue for the full year grew 2.2% to US$2.4 billion as compared to US$2.3 billion in 2010. In its Recreational/Leisure division, under which the company’s bike business operates, fourth quarter ...
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12 March 2012 at 07 : 21 AM
Easton-Bell hits double digit gains in Q4 2011
Easton-Bell Sports Inc – owner of the Giro and Bell bike brands and Easton wheels, amongst other brands – has reported net sales of US$207.1 million for the fourth quarter of 2011. This represents an increase of 16.9% when compared with US$177.1 million of net sales for the fourth quarter of 2010. “We continue to perform as planned and meet our ...
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27 February 2012 at 11 : 50 AM
Sale of Derby Cycle stake lifts Accell Group profits
European bike producer Accell Group NV, which owns brands such as recently acquired Van Nicholas, alongside Koga and Lapierre amongst others recorded a rise in turnover and net profit in 2011. Turnover increased by 9% to €628.5 million. This was partly on the back of rising sales of electric and sports bicycles, due in particular to strong growth in ...
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