The Conzzeta Group, based in Zurich, reported sales in its Outdoor segment, which consists of the Mammut brand, rose 26.9 percent on a reported basis and 28.2 percent on a currency-neutral basis in the first quarter ended March 31.
Sales reached CHF 64.5 million ($70m) against CHF 50.8 million a year ago.
Its Outdoor segment continues to be listed as a discontinued operation. In December 2019, Conzzeta said it had decided to explore sales offers for Mammut after determining the company’s future focus would be on its Bystronic business unit. A sale was expected to close by 2020.
Conzzeta said in a statement, “The Mammut (Outdoor) business unit doubled its sales in the digital sales channels year-on-year. Despite the lockdowns imposed across various regions, the physical sales channels also achieved good growth in the first quarter.
“The announced transformation of the Group, focusing on Bystronic, continues to proceed according to plan. On April 1, the company announced that the sale of the FoamPartner business unit (Chemical Specialties segment) had been completed by the end of March.”
“If the positive business growth observed at Bystronic in the first quarter continues at a similar pace in the second quarter, the outlook for the financial year 2021 will probably be raised when the half-year results for 2021 are presented as planned on August 6.”
Photo coutesy Mammut
