Fenix Outdoor International Ltd.
FOI B
ISIN CH0242214887 / Valor 24221488
Fenix Outdoor International Ltd.
UMushroom community rating:
About company
Fenix Outdoor International Ltd. is an international group of premium outdoor brands, including Fjällräven, Tierra, Hanwag, Royal Robbins, and Frilufts Retail, that offers products for nature and outdoor life. The company recently acquired a 30% stake in its local Fjällräven Brand retail partner, Arctic Fox s.r.o., which operates six Fjällräven stores and an online business in the Czech Republic and Slovakia. Fenix Outdoor aims to enable individuals to have memorable and inspiring experiences in nature through its range of outdoor products.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Net Sales
Fenix Outdoor International Ltd. reported net sales of 739.4 MEUR for the year 2023, a decrease from 759.2 MEUR in the previous year. The Brands segment saw a decline of 3.8%, and Global Sales dropped by 8.3%. However, the Frilufts segment experienced a slight increase of 1.2%.
Operating Profit
For the year 2023, Fenix Outdoor International Ltd. recorded an operating profit of 55.0 MEUR, down from 83.5 MEUR in the previous year. The decrease in operating profit was attributed to rising costs due to inflation and inefficiencies in logistics investments.
Digital Sales
Digital sales for Fenix Outdoor International Ltd. remained relatively flat in 2023, amounting to 146.9 MEUR compared to 146.4 MEUR in the previous year. Digital sales represented 19.9% of total net sales and 31.8% of net sales direct to consumers.
Outlook for 2024
Fenix Outdoor International Ltd. anticipates a weaker first quarter in 2024 compared to the previous year, particularly in the Global Sales and Brands segments. However, the company expects an improvement in sales in the second quarter as inventory levels normalize and retail customer sales stabilize.
Cost Savings Program
To improve performance in 2024, Fenix Outdoor International Ltd. has launched a cost savings program aimed at saving approximately 7.0 MEUR. The company is also reevaluating all projects and investments to ensure better cost control amid lower growth expectations and higher interest rates.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
685 M
Market cap (USD)
2,561
Daily traded volume (Shares)
702 / 675
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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