Mammut increased net revenue by 3.4 percent to CHF 103.6 million in the six months ended June 30 compared with CHF 100.3 million in the first half of 2013, its Swiss parent company Conzzeta Group reported.
The result was negatively influenced by currency effects, mainly relating to the exchange rate of the Japanese yen. Organic growth amounted to 5.7 percent. Although Mammut reported a slight fall in sales in the markets of Germany, Austria and Switzerland, this was more than offset by the performance in the rest of Europe, America and Asia. The reason for the decline in its core European markets was the unseasonably mild weather and lack of snowfall in winter, which discouraged consumers from buying new equipment. The product segment showing the strongest growth was footwear, followed by clothing.
