Lafuma Group said revenue rose 4.4 percent in the first quarter ended Dec. 31, 2011 to 54.7 million euros, marking the fifth straight quarter of growth and the highest quarterly sales performance recorded in three years.
International sales generated sharp increases (+14.7%) driven by Asia, the United States and Northern Europe, contrasting with a slight dip in sales for France registered by the Group (-2.2%). Except for Board Sports, all Group divisions experienced significant increases in sales over the quarter:
- The Great Outdoor division confirmed a turnaround in the Lafuma brand and rose +4.4%
- The Board Sports division was hindered by a difficult market environment, posting a decline of -11%
- The highest growth performance was in the Country division, with sales up +11.4%, driven by rubber boot (+8.8%) and export sales (+14.9%).
- The Mountain division remained buoyant, recording growth of 8.5%, including +14% in export sales.
Half-year outlook
With a healthy second quarter in perspective driven by a solid order book in camping furniture, the Lafuma Group should maintain this growth trend over the full first half-year.
Regarding financing, the Group reinforced its short-term credit lines and will finalize the consolidation of its global credit structure over the next quarter as announced previously, optimizing a balance of short-term, middle-term and long-term financing arrangements.
Sales per division (in EUR millions) | Q1 11/12 | Q1 10/11 | Variation | |||
Great Outdoor – Lafuma | 14.2 | 13.6 | +4.4% | |||
Board Sports – Oxbow | 8.0 | 9.0 | -11% | |||
Country – Le Chameau | 6.0 | 5.4 | +11.4% | |||
Mountain – Millet / Eider | 26.5 | 24.4 | +8.5% | |||
Lafuma Group | 54.7 | 52.4 | +4.4% | |||
Sales per geographical zone | Q1 11/12 | Q1 10/11 | Variation | |||
France | 31.4 | 32 | -2.2% | |||
International | 23.3 | 20.4 | +14.7% | |||
Lafuma Group | 54.7 | 52.4 | +4.4% | |||
