Polygiene Group Swings to Loss in Q1
Sales were down 25% in the first quarter to SEK 31,018,000 ($3.4 mm) from SEK 41,493,000, with a loss of SEK 1,168,000 ($0.1 mm) for the quarter compared to SEK 23,000 profit prior, as results faced an 850 b.p. ForEx headwind. Sports & Outdoor accounted for 30% of Q1 revenue. Polygiene sales tumbled 42% to SEK 13.0 million as elevated distributor inventories and softer ... Log in to view full article.
