Fenix Outdoor Segment Grows, but North America Falters
Branded segment revenues at the Swedish outdoor company, home of Fjällräven, Royal Robbins, Brunton, and others, were up 2% to €58.0 million ($67.9 mm) for the first quarter. North American sales were down 22% to €18.9 million ($22.1 mm), while most of the core European markets posted growth, bolstered by inorganic gains from Devold, which consolidated in Mar. 2025. Segment operating profit dipped 23% to €10.8 million, driven by an internal service model shift between Fjällräven and the Fenix-owned Globetrotter fleet in Germany.
The Frilufts retail segment was up 12% to €74.1 ... Log in to view full article.