March 25, 2022
The bicycle maker’s full-year net income attributable to shareholders increased 20% to TWD 5,930 million ($212.8 mm) from TWD 4,949 million, as revenues climbed 17% to TWD 81,840 million ($2,936.5 mm) from TWD 70,011 million.
The group reported growth in all markets for the winter now coming to an end, with revenues up 24% in North America, 30% in Europe and 15% in Asia, as skiers were back in force at lodges around the world.
The diversified brand owner, retailer and real estate owner saw a profit attributable to shareholders of HK$ 36,501,000 ($4.7 mm) in 2021 against as loss of HK$ 216,328,000, as revenues jumped 40% to HK$ 492,559,000 ($63.4 mm) from HK$ 352,159,000.
VSTO’s stronger than expected results through Dec. led S&P Global to raise its issuer credit rating and unsecured debt rating to BB from BB-, and the ratings agency is now forecasting that revenue will approach $3 billion, bringing leverage down to 1.2x.
The Eager Beavertons and Vanessa Bryant have reached an agreement to extend the late Kobe Bryant’s endorsement deal with the Swoosh that expired on Apr. 13 last year.
National park recreational visits increased 8% in Feb. to 12,597,084 from 11,661,920 and are up 3% year-to-date at 24,242,536 against 23,579,535.