Rapala VMC Grows Mid-Singles in Q1
The Finnish fishing gear maker’s revenues grew 6% to €69.5 million ($81.8 mm) from €65.3 million, and were up 13% on a constant-currency basis, with strength across all regions. Comparable operating profit increased 39% to €7.8 million against €5.6 million prior, driven by North American sales, product innovation, and a resilient supply chain. North America improved 8% (+20% CC) to €40.5 million ($47.6 mm), buoyed by a strong ice fishing season, while retailer interest ... Log in to view full article.
