Mips Sales Up Low Double-Digits in Q1
The Swedish helmet technology company’s net income grew 53% in the first quarter to SEK 29 million ($3.0 mm) from SEK 19 million, as revenues improved 30% to SEK 151 million ($15.4 mm) from SEK 116 million, and were up 25% on a constant-currency basis. There was strong demand across all categories, and the sport segment (bike) continued to deliver solid results with a 24% gain. Unseasonably warm weather in the U.S. hampered sales in the snow subcategory, but was partially offset ... Log in to view full article.