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Article Date: April 2021
Word Count: 292

Fenix Outdoor Sales Dipped 7% in 2020


Net loss came in at €3.2 million ($3.6 mm) for the fourth quarter against last year’s earnings of €1.7 million on sales inching down 1% to €147.7 million ($168.2 mm) from €147.4 million, but digital was a bright spot, growing 85% to €39.0 million, or 26% of the top line. Gross margin improved 10 b.p. to 60.4%, while operating expenses grew 3% to €146.6 million from €141.7 million and increased 50 b.p. as a percentage of sales to 96.6%.

 

The Brands division posted 2% top line growth to €38.4 million with operating profit gaining 22% €6.1 million. Fjallraven showed softness in ... Log in to view full article.

 


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