Mips Sees Momentum Continue in Q1
The Swedish helmet technology company’s net income grew 58% in the first quarter to SEK 19 million ($1.8 mm) from SEK 12 million, as revenues increased 40% to SEK 116 million ($10.9 mm) from SEK 83 million, and would have been up 42% constant currency. There was strong demand across all categories, with the sport segment (bike) delivering solid results. Inventory levels have largely normalized around the world, and the snow sub-category was also a bright spot despite a relatively ... Log in to view full article.