SnowNews

Rossi hit by weak dollar

French ski maker, Rossignol's first half profits for 2004/2005 have dropped nearly 70% from 9.9 million € to 3 million € according to information released by the board yesterday. Sales also fell 0.4% to 199.09 million € at current exchange rates. The group blamed a number of factors, in particular exchange rate movements including a weak dollar and the launch of a distribution subsidiary in Japan. Profits were also hit by a what the group describe as a 'brutal' decline in the inline skate market. The group expects a better second quarter as orders have been pushed back in line with the general market trend.



Rossignol Corporate

posted by davidof @ 11:02 AM