News Article

Easton-Bell combination turns out profitable

Industry- & Retail Organizations

VAN NUYS, USA – Easton-Bell Sports reports a rise in sale of 68.2% to US$ 638.9 million over 2006. Operating income climbed by 17.4% to US$ 35.1 million over the same period. The turnover in Europe went up by 140% to

Easton-Bell combination turns out profitable

VAN NUYS, USA – Easton-Bell Sports reports a rise in sale of 68.2% to US$ 638.9 million over 2006. Operating income climbed by 17.4% to US$ 35.1 million over the same period. The turnover in Europe went up by 140% to US$ 77.8 million, while all other sales outside their home market in North America rose by 227%. Sales in North America increased by 59% to US$ 546.8 million.

Last year Bell acquired 100% of the outstanding capital stock of Easton and the company Easton-Bell was formed, with two separate divisions, Team Sports and Action Sports. All of Bell’s activity and Easton’s cycling activity are now part of the Action Sports segment, which primarily consists of helmets, equipment, components and accessories for cycling, snow sports, power sports and fitness related products. Net sales of the Team Sports segment for 2006 grew by 161.9% over the net sales for 2005, while net sales of the Action Sports segment grew by 17.8% in 2006 versus 2005. Growth related to cycling helmets and accessories and snow helmets was $22.1 million.

Comment on this article