Groupe Rossignol reports net income of €8.1 millionfor the year ended last March 31 and while the management doesn’t dare yet tomake a forecast for this year, it remains relatively bullish about themedium-term future. In the past financial year, the French group’s operatingincome rose by 13.7 percent to €30.5 million and the pre-tax profit rose by59.1 percent to €21.5 million, but the results would have been better withoutextraordinary charges and goodwill of €4.8 million, largely related to thereorganization of its snowboard business.

At year-end, the group’s net cash position was stillnegative at €24.5 million, down from €63.4 million one year earlier, ... Log in to view full article.