Hummel Sets Five-Year Targets after FY22 Loss
The Danish team sports brand reported a loss of DKK 89.5 million ($12.6 mm) last year against a record profit of DKK 115 million in FY21 on sales that were up 20% in local currency to DKK 2,218 million ($313.5 mm) from DKK 1.858 billion. Online sales growth exceeded 50% last year. The loss was due to investment in a new distribution ... Log in to view full article.
