Mips Grows Double Digits Driven by Bike Helmets
Revenues at the Swedish helmet tech company increased 10% in the third quarter to SEK 135 million ($14.3 mm) from SEK 123 million, but net income slipped 5% to SEK 34 million ($3.6 mm) from SEK 36 million. Organic sales were up 19% as currency had a major impact in the quarter. The sports category—mostly revenue from bike helmet manufacturers—grew by 8% to 120 million, and the small ... Log in to view full article.
