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

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

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

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(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.)