Switzerland’s Fenix Outdoor’s sales dip in 2024, profit margin shrinks
Fenix Outdoor's 2024 net sales fell to €685.6 million (~$716.9 million) from €739.4 million in 2023, with profit margin dropping to 5.5 per cent. Net profit plummeted to €14.7 million from €32 million. EBITDA and operating profit also declined. North America and Korea faced challenges, while China’s JV performed well. Q4 net sales dipped 3.1 per cent, but operating profit improved.
Fenix Outdoor's 2024 net sales fell to €685.6 million (~$716.9 million) from €739.4 million in 2023, with profit margin dropping to 5.5 per cent.
Net profit plummeted to €14.7 million from €32 million.
EBITDA and operating profit also declined.
North America and Korea faced challenges, while China’s JV performed well.
Q4 net sales dipped 3.1 per cent, but operating profit improved.
