The Finnish fishing gear maker ended the first half of 2024 in the black, posting a €4.7 million ($5.1 mm) profit against a loss of €1.1 million prior, but the bottom line was boosted by the €6.3 million sale and lease back of real estate in Canada. Revenues increased 2% to €120.5 million ($129.6 mm) from €117.9 million last year, boosted by an improving inventory situation at retail, and moderating inflation. Implied gross margin slipped 260 basis points to 56.7%, but operating expenses were kept in check, with personnel costs up ... Log in to view full article.