Fenix Outdoor Boosted by Strong Preorders and Devold
Revenue from the Swiss outdoor company’s branded segment’s external sales, which includes Fjällräven, Tierra, Royal Robbins and others, grew 65% to €78.1 million ($90.8 mm) in the third quarter from €47.4 million. The improved sales were driven by a higher preorder book for Fjällräven in the U.S. and Canada as well as the Devold addition. Operating income increased 33% to €26.4 million ($30.7 mm) from €19.8 million. Sales to the U.S. market were ... Log in to view full article.
