Business flash news : Mammut's Impressive First Half Growth Propelled by Asia

Mammut Sports Group increased net revenue by 9.2 percent to CHF 100.3 million ($132 mm) in the six months ended June 30, thanks in large part to its growing presence in Asia, according to interim results released by Conzzeta Group, its parent company.

 

Excluding the impact of currency exchange rates and the sales from its recently acquired South Korea business, Mammut's sales increased  7.7 percent compared with CHF 91.8 million in the year earlier period.

 

Mammut, which is based in Switzerland, recorded the biggest increase in sales in Asia, where it has secured the first orders for the 2013/14 winter season. The company said business in Japan and South Korea was particularly strong. In the European markets, sales in Great Britain developed well, the home market of Switzerland is recovering, while demand in Germany remained stable.

 

By press release through sportsOnesource

 

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