RevolutionRace Net Slips despite Growing Sales
Net income at the Swedish outdoor apparel company dipped 8% to SEK 283 million ($29.3 mm) from SEK 308 million for the fiscal year ended June 30, on 5% revenue growth to SEK 1,925 million ($199.1 mm) from SEK 1,840 million. Constant currency sales increased 4%, reflecting the stronger Swedish krona against some other global currencies. Nordic region sales were up 6% to SEK 446 million, with DACH growing 6% to SEK 1,093 million and Rest of World flat at SEK 387 million. The first quarter got off to a solid ... Log in to view full article.