The Swedish helmet technology company’s Q4 net income dropped 15% (-13% CC) to SEK 16 million ($1.5 mm) from SEK 19 million, lapping a 76% decline, on net sales also down 15% to 91 SEK ($8.5 mm) from 107 SEK. The core Bike category turned positive in the quarter, which was offset by continued challenges in Motorcycle and slower development in snow products under Sport. North America, the largest market for Mips’ IP, saw sales down 27% to SEK 55 million ($5.2 mm), while Europe gained ... Log in to view full article.