IC Group has reported 9.2 percent revenue decline measured in local currency from the Group's continuing operations to 1,535 million Danish krone (240.4 million dollars) for the fiscal year 2017/18. The company said, gross margin was 1 percentage point higher than last financial year. The operating profit (EBIT) amounted to 57 million Danish...
28 Aug 2018
Based on the preliminary figures for the financial year 2017/18, the IC Group has announced that it expects earnings for the year under review to be realized at an EBIT margin of approximately 7 percent compared to prior outlook of approximately 6 percent or the original outlook mentioned in the annual report as approximately 5 percent. The...
13 Jul 2018
Amer Sports Corporation announced through a statement that it has completed the acquisition of Peak Performance from IC Group. The company said, Peak Performance business will be consolidated into Amer Sports as of July 2, 2018 and that the acquisition will have a minor positive impact on Amer Sports' 2018 financial results. "We are delighted to...
29 Jun 2018
Consolidated revenue amounted to 379 million Danish krone (60.9 million dollars) at IC Group, a reduction of 13.9 percent or 11.9 percent in local currency driven by the wholesale channel as well as physical stores. During the quarter, three stores were closed. Gross profit amounted to 228 million Danish krone (36.6 million dollars), and the...
3 May 2018
The board of directors of IC Group has announced that the company has completed the process of selling Peak Performance to Amer Sports Corporation at 1.9 billion Danish krone. Commenting on the completion of deal with Amer Sports, the Chairman of the IC Group board of directors Peter Thorsen said in a media statement: "It has been a long and...
30 Apr 2018
Based on the preliminary financial figures for the first three quarters of the financial year, IC Group’s board of directors has revised the earnings forecast for the financial year 2017/18. The company said that it now expects the EBIT margin to increase to approximately 6 percent compared to previous estimate of approximately 5 percent....
24 Apr 2018
Consolidated revenue for H1 2017/18 at IC Group amounted to 1,483 million Danish krone (246.7 million dollars) corresponding to a reduction of 2.2 percent or 1.5 percent in local currency). The company said, revenue decreased in the wholesale channel whereas the retail channel reported increased revenue. The gross margin increased by 1.3 percent...
6 Feb 2018
The IC Group’s continuing operations generated revenue of 2,638million Danish krona (397.9 million dollars) for 2014/15 corresponding to an increase of 2.9 or 4.9 percent in local currency. The operating profit of 207 million Danish krona (31.2 million dollars) was in line with expectations. The Board of Directors has proposed an ordinary...
2 Sept 2015
