Mips Faces Q1 Tough Comparisons
The Swedish helmet technology company’s net income dropped 14% in the first quarter to SEK 12 million ($1.1 mm) from SEK 15 million, as revenues inched down 6% to SEK 83 million ($7.8 mm) from SEK 88 million and were down 6% constant currency. The falloff came from tough comps in the snow subcategory, which has a seasonally heavier impact in this quarter. The sport segment (bike) rebounded to a more normal start ... Log in to view full article.
