In the first four months of fiscal 2009, the worldwide economic crisis had a massive impact on the performance of the Conzzeta Group as a whole, but the companys subsidiary, Mammut Sports Group, reported a strong sales gains.
Geographically, the core markets in Switzerland and Germany continued to develop “very well,” and markets such as Italy and Japan also showed strong growth. Exports to some eastern European and Asian countries were hindered by unfavorable exchange rates. Up to now, the demand in the outdoor market has been robust.
The first signs of a possible slowdown in this outdoor segment are so far apparent only in the U.S., where the consumer mood is very negative, according to Conzzeta Group management.