Volcom recorded revenues of €82 million ($116 mm) in the third quarter of 2011, up
7 percent on a comparable basis, according to the third quarter report of its new parent, PPR. North America, which accounts for more than
half of Volcom's revenue, and the Asia-Pacific region, made strong
contributions to Volcom's performance.
PPR said in its statement, “Progress on the initial stages
of the integration of Volcom within PPR has been very satisfactory.”
PPR said the report marked the first time Volcom's results were consolidated in its financial statements. The French-luxury group completed the acquisition of the action sports brand on June 24. PPR's other brands in its Sport & Lifestyle segment include Puma, Cobra, Electric and Tretorn. Puma, which owns Cobra and Tretorn, reported its earnings earlier this week.
PPR's luxury segment includes Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Boucheron, Girard-Perregaux, JeanRichard, Sergio Rossi and Stella McCartney. It also owns the retailers, Fnac and Redcats.
