Swedish retailer SkiStar’s Q3 FY21 revenue grows 76% to SEK 1,023 mn

SkiStar AB, a Swedish retail business, has noted seventy six for every cent income soar to SEK one,023 million in its third quarter (Q3) of FY21 finished on May 31, 2021, compared to the income of SEK 580 million in the corresponding quarter of former fiscal. The company’s profit for the quarter rose to SEK 39.one million (Q3 FY20: decline SEK nine.8 million).

 

“Despite the recent conditions of the continuing coronavirus pandemic in Scandinavia, with the winter period driving us, we can present a positive third quarter for SkiStar. I am incredibly proud of what we as a business have sent for the duration of this period: safety and protection for our visitors,” Stefan Sjostrand, CEO of SkiStar, stated in a press release.

 

“In addition, there continues to be keen fascination in holidaying at our locations, with alpine snowboarding as the amount 1 selection,” Sjostrand included.

 

During Q3 FY21, income of SkiPass phase have been up to SEK 460 million (SEK 263 million), while accommodation phase income surged to SEK 264 million (SEK 148 million). Additionally, income of Ski Rental grew to SEK 49 million (SEK thirty million) and Sporting products retailers elevated to SEK 54 million (SEK 40 million).

 

“The difficulties in Norway remain. The shut borders and the consequent decline of international visitors have reduced income, which is acquiring a detrimental outcome on earnings. On the other hand, we see a positive trend for winter 2021/22, with our international visitors returning strongly and a significant buy ingestion for all locations. Numerous visitors are inclined to reserve early and we have winter bookings of thirty for every cent up to the end of 7 days 23,” Sjostrand stated in the release.

Fibre2Fashion Information Desk (JL)