Columbia Sportswear begins 2015 with positive growth
During its first quarter, the US outdoor company Columbia Sportswear (Columbia, Sorel...) recorded sales up 13% at 429.8 million euros (479 million dollars). The rise was in part due to the acquisition in May 2014 of the lifestyle brand prAna, which generated 33.2 million euros (37.1 million dollars) during the period.
Columbia Sportswear’s operating income, meanwhile, amounted to 39.5 million euros (44.1 million dollars), up 24%, while its net profit jumped by 19% to 23.7 million euros (26.5 million dollars), a record, according to the group.
In the first quarter, Columbia Sportswear’s US sales rose by 18% to 254.5 million euros (283.8 million dollars), Canada saw its sales rise to 30.7 million euros (34.3 million dollars), up 28%, while Europe, the Middle East and Africa (EMEA) saw sales increase by 22% to 42.8 million euros (47.8 million dollars). Only Latin America/Asian-Pacific saw a 3% sales decline to 101.4 million euros (113.1 million dollars).
Columbia continues to drive the group’s overall sales with 359.8 million euros (401 million), up 7%, Sorel’s sales totaled 12 million euros (13.4 million dollars), an increase of 4%, while those of Mountain Hardwear fell by 23% to 22.5 million euros (25.1 million dollars).
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