Net income for the bike rack and travel accessories company fell 14% in the second quarter to SEK 539 million ($51.3 mm) from SEK 626 million, on 9% lower revenues of SEK 3,029 million ($288.1 mm) from SEK 3,314 million, that would have been down 15% constant currency. Gross margin improved by 130 basis points to 43.6%, helped by price increases, a positive channel mix and lower freight costs, partially offset by underutilized production capacity and sales mix. SG&A was 5% higher, driven by a 2% increase in selling expenses and ... Log in to view full article.