Mips’ Sales up High Double Digits in Q2
The Swedish helmet technology company’s net income more than doubled in the second quarter to SEK 68 million ($7.4 mm) from SEK 32 million, as revenues skyrocketed 72% to SEK 232 million ($25.4 mm) from SEK 135 million, and would have been up 42% in constant currency. The gains were attributed to strong demand and lapping relatively easy comps, particularly in North America, following the introduction of tariffs in the prior year’s quarter. There was strong demand across all categories, with the sports category increasing 51% to SEK 189 million, benefiting ... Log in to view full article.