In the midst of major re-structuring, including new owners and changes in management, Norwegian-based Helly Hansen delivered a strong financial performance in fiscal 2007.

The Helly Hansen group reported profits of NOK 120 million ($23 million), growing 179% from NOK 43 million ($8 million) in 2006. However, pre-orders and early bookings indicate an even brighter 2008 for the sport and utility wear manufacturer.

Based on expected business growth, pre-orders for spring 2008 and early bookings for the second half of the year, the group reported that it is currently estimating a 12% increase in turnover for 2008.