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Sweden's Fenix Outdoor Q3 sales rise on Nordic demand, Devold portfolio addition

By Reuters News


Overview

  • Sweden-based outdoor equipment retailer's Q3 total income rose 3.7% yr/yr

  • Q3 sales rose 5.5% yr/yr to EUR 217.7 mln

  • Q3 EBITDA was broadly flat yr/yr at EUR 46.9 mln

  • Q3 EPS increased to EUR 1.65 from EUR 1.50 a year earlier


Outlook

  • Fenix Outdoor refrains from forecasting Q4 outcome, citing weather and Christmas-shopping uncertainty

  • Fenix Outdoor will merge Brands and Global Sales into a new Brands segment from January 2027


Result Drivers

  • NORDIC DEMAND – Q3 sales improvement was driven by Nordic markets, partly aided by southern European tourists during the heatwave

  • DEVOLD PORTFOLIO ADDITION – Devold's introduction to Global Sales drove Q3 segment sales growth

  • FRILUFTS COST PRESSURE – Higher salaries and IT-investment depreciation limited Frilufts' operating-margin improvement


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Total Income

EUR 220.12 mln

Q3 EPS

EUR 1.65

Q3 Net Income

EUR 23.26 mln

Q3 EBITDA

EUR 46.86 mln


Reuters Recommended Reads

  • Oct 27 - Sweden's Alfa Laval Q3 sales rise on order intake

  • Oct 27 - Sweden's Assa Abloy slightly beats Q3 sales estimates on strength in Americas and EMEIA divisions

  • Oct 28 - Sweden's SSAB Q3 revenue rises on higher prices and shipments


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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