Brav Revenue Dropped 9% Last Year
Sales at the Norwegian owner of Swix, Lundhags, Toko, Ulvang, and Helsport fell by more than 9% to NOK 957 million ($92.1 mm) from NOK 1.06 billion, while the operating loss widened to NOK 238 million ($22.9 mm) from NOK 91 million. The loss before tax reached NOK 302 million, according to Norwegian newspaper Finansavisen. Brav blamed weak consumer demand, high retail inventories and ... Log in to view full article.
