Sporting goods company Head swings back to profit in 2005
23 Feb '06
4 min read
Winter Sports revenues for the three months ended December 31st 2005 decreased by $14.3 million, or 11.4 percent, to $110.7 million from $124.9 million in the comparable period in 2004.
For the twelve months ended December 31st 2005 Winter Sports revenues decreased by $6.9 million, or 3.1 percent, to $216.3 million from $223.2 million in 2004. This decrease was due to lower sales volumes for skis and bindings and the weakening of the euro against the US dollar in the last quarter of the year partly offset by higher sales volumes for ski boots and the introduction of snowboard protection wear.
Racquet Sports revenues for the three months ended December 31st 2005 increased by $1.6 million, or 4.8 percent, to $34.1 million from $32.5 million in the comparable 2004 period.
For the twelve months ended December 31st 2005 Racquet Sports revenues decreased by $1.4 million, or 0.8 percent, to $166.6 million from $168.0 million in 2004. This decrease resulted mainly from lower sales due to less favorable product and country mix for the company's tennis racquets and lower sales volumes of its bags and tennis balls. This decrease was partly offset by significantly higher sales volumes in tennis racquets, better product mix in tennis balls and the strengthening of the euro against the US dollar during the main delivery period.
Licensing revenues for the three months ended December 31st 2005 decreased by $0.5 million, or 16.7 percent, to $2.7 million from $3.2 million in the comparable 2004 period. For the twelve months ended December 31st 2005, revenues increased by $1.2 million, or 10.5 percent, to $12.2 million from $11.1 million in 2004 mainly due to increased revenues from existing contracts and from new licensing agreements.
marketing@alchempro.com
