Fenix Outdoor International AG Series B ( (FNXTF) ) has released its Q1 earnings. Here is a breakdown of the information Fenix Outdoor International AG Series B presented to its investors.
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Fenix Outdoor International AG is a Swiss-based company operating in the outdoor apparel and equipment sector, known for its strong brand portfolio including Fjällräven, Hanwag, and Royal Robbins. In its latest earnings report for the first quarter of 2025, Fenix Outdoor International AG reported a challenging quarter with a 5.1% decrease in total income compared to the same period last year. The company’s EBITDA and operating profit also saw significant declines, attributed to volatile weather conditions in Europe and macroeconomic challenges. The acquisition of Devold, a premium wool brand, was noted but had limited impact on the quarter’s financials.
The company’s key financial metrics showed a decrease in net sales to 157.7 MEUR from 163.8 MEUR in the previous year. Operating profit fell to 5.2 MEUR from 12.8 MEUR, and profit after tax dropped sharply to 0.1 MEUR from 6.9 MEUR. The Brands segment showed some resilience with a 25.9% increase in external sales, driven by the transfer of Fjällräven’s wholesale operations in North America. However, Frilufts and Global Sales segments experienced declines in sales and operating profits, impacted by weak consumer demand and overstock issues.
Despite the current challenges, the company remains optimistic about the future, citing strong brand strength and organizational structure as key assets. The management anticipates improvements in order books for the fall and winter seasons, and the integration of Devold is expected to complement their existing brand portfolio. The company’s European production facilities are also highlighted as a strategic advantage in navigating potential tariff and logistical challenges.
Looking ahead, Fenix Outdoor International AG acknowledges the unpredictable market conditions but expresses confidence in its ability to capitalize on opportunities when the market stabilizes. The company’s focus on brand strength and operational efficiency positions it well for future growth.