Head’s Net Loss Widens

CompaniesRetail & Consumer ♦ Published: August 11, 2011; 14:27 ♦ (Vindobona)

The Dutch sporting goods manufacturer listed at the Vienna Stock Exchange incurred a loss of almost € 13m in the first half of 2011.

Head’s Net Loss Widens / Picture: © Head

Overall, sales of the group for the first six months of the year declined by nearly 1.4%. The adjusted operating loss for the six month period improved marginally by € 0.3m compared to prior year. This was mainly due to a € 1.5m positive movement in other operating items, primarily due to exchange rate gains, offset by lower sales and increased raw material prices which reduced the…

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