Fenix Outdoor reports challenging Q2 with Nordic resilience
Sales down 3.8% to MEUR 139.4, EBITDA down to MEUR 3.7, operating loss at MEUR -11.1.
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International outdoor products and retail group
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In short: Fenix Outdoor reported financial losses in its second quarter results and successfully completed the full acquisition of Devold of Norway.
Sales down 3.8% to MEUR 139.4, EBITDA down to MEUR 3.7, operating loss at MEUR -11.1.
The move aims to bring 20% of apparel production in-house and shorten lead times.
Fenix Outdoor completes acquisition of minority stake in Devold of Norway AS, achieving 100% ownership.
The meeting approved annual report, dividend of SEK 7.5 per B-share, and re-elected board.
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