Rapala Results Weaken Lapping Pandemic Demand
Net income attributable to shareholders fell 49% in the first half to €8.7 million ($9.3 mm) from €17.0 million, as revenues slipped 7% to €148.4 million ($158.0 mm) €159.6 million as sales declined in every region. The strengthening dollar helped North American results, where the Finnish fishing equipment company’s sales dipped just 1% to €69.2 million ($73.7 mm), but were down 10% constant currency due to a cold and ... Log in to view full article.