Rapala VMC’s Profits Fall, and 2023 Looks Worse
Net income tumbled 80% last year to €3.7 million ($3.9 mm) from €18.2 million as sales declined in every geography, totaling €274.4 million ($288.5 mm), down 7% from €294.3 million, and 13% lower constant currency. North America was a bright spot, declining just 2% to €132.2 million helped by the strong dollar, but would have been down 12% CC. A cold and delayed spring weighed on sales early in ... Log in to view full article.
