Fenix Outdoor International Ltd.

Latest Results (10.11.2025):

Fenix Outdoor International Ltd.'s Q1 2025 financial report reveals a challenging quarter with a decline across several key metrics. The Group’s total income dropped to TEUR 160,082 from TEUR 168,676, EBITDA contracted to TEUR 18,028 compared to TEUR 27,212, and operating profit fell to TEUR 5,181 from TEUR 12,782. Profit before tax decreased to TEUR 3,673 while profit after tax plummeted to TEUR 94, yielding earnings per share of EUR 0.01 versus EUR 0.51 in the corresponding period last year. The report also highlights segment-specific dynamics with the Brands segment showing stability, whereas the Frilufts and Global Sales segments experienced notable downturns, all amid a volatile macroeconomic and weather environment.

Revenue and Profitability Decline

Total income and sales were down by 5.1% and the operating profit shrank significantly, reflecting lower gross margins and subdued market demand in Q1 2025 compared to previous periods.

Segment Performance Overview

The Brands segment maintained stable sales with slight improvement from strategic transfers, while the Frilufts segment experienced a decline of 6.6% in sales, and Global Sales dropped notably. These mixed outcomes underline challenges in different retail channels and regions.

Financial Position and Cost Control

Despite lower cash levels (MEUR 57.8 vs. MEUR 88.4 previously), the Group maintained a solid financial stance with cost levels largely in line with last year, even as savings from logistic and ERP upgrades are expected only in late 2025/early 2026.

Management Commentary

Executive Chairman Martin Nordin attributed the weaker performance to adverse weather, cautious consumer spending, and market instability. However, there is optimism amid signs of improving order books for the fall and winter seasons, as well as confidence in the resilience of the company's diversified brand portfolio.