CYBEX Achieves Record-High in Revenue and Profitability
Highlights:
The Group sustained momentum from second half of 2023 and recorded growth in both revenue and profit, with revenue increasing by 7.7% to HK$4,187.6 million and gaining market shares in international markets;
The Group's reported net profit soared by 526.4% to approximately HK$187.3 million;
CYBEX brand achieved all-time high in revenue and profitability, with revenue rising by 18.9% to approximately HK$2,158.2 million, significantly gaining market shares across its key markets;
Evenflo continued to strengthen its leading position in North America and achieved significant improvement in profitability, with revenue reaching approximately HK$1,133.8 million;
The Group overtook its competitors and attained a more consolidated performance through the robustness of its one-dragon vertically integrated platform.
HONG KONG, Aug. 30, 2024 /PRNewswire/ -- Goodbaby International Holdings Limited ("Goodbaby International" or the "Company", HKEX stock code: 1086, together with its subsidiaries, the "Group"), a leading global parenting products company, has announced its unaudited interim results for the six months ended 30 June 2024 (the "Period").
During the Period, the Group's revenue increased by 7.7% (a 6.2% increase on a constant currency basis) to approximately HK$4,187.6 million (1H 2023: HK$3,889.2 million). Reported gross profit increased by 23.3% to approximately HK$2,201.5 million (1H 2023: HK$1,784.8 million). In addition, reported operating profit surged by 147.9% to approximately HK$279.4 million (1H 2023: HK$112.7 million), and reported net profit soared by 526.4% to approximately HK$187.3 million (1H 2023: HK$29.9 ...
