Business news : Head predicts weak winter sales
HEAD Sports Company prognostiziert schwachen Winter-Sale.
HEAD SPORTS COMPANY prédit des soldes d'hiver faibles
प्रमुख खेल कंपनी कमजोर सर्दियों की बिक्री की भविष्यवाणी
HEAD SPORTS COMPANY dự đoán doanh số bán hàng mùa đông yếu
by on May 10, 2012
Head warned that its sales should shrink in the second half of the year, as the weak sell-out of winter sports products in the last season was expected to cause a substantial decline in the international ski market this year. The Austrian company said that this was affecting its pre-orders of winter sports products. However, the group managed a sales increase of 17.1 percent to €70.1 million for the first quarter, due to a rebound in its racquet sports business. Sales in this division jumped by 21.3 percent to €42.2 million, aided by favorable weather and product launches. Head ended the quarter with a net loss of €2.2 million, compared with a loss of €7.7 million for the same period last year.