French outdoor products manufacturer Rossignol Group reported a company record €401 million ($442 million) in revenue for the 2022-2023 financial year ended March 31.
That’s up 28% from 2021-2022, which came in at €313 million ($345 million) in revenue.
The 116-year-old company was founded in the French Alps, and is growing across all of its markets, including:
- France: Up 36%
- Europe overall: Up 39%
- North America: Up 16%
- Asia: Up 10%
“The strong market recovery observed during the winter of 2021-2022 continued in the 2022–2023 season,” the company said in a news release.”Despite sometimes variable snow conditions throughout different periods and geographic areas, the Rossignol Group took full advantage of the high traffic in ski resorts and the increasing appeal of the mountains and their benefits.”
The racing season was “outstanding,” according to the company, with 146 podiums and 40 wins in the World Cup across all disciplines, and 21 medals, including nine golds, in the World Championships (alpine and nordic).
The company’s goal is to achieve €500 million ($551 million) in revenue by 2026. The main thrust of this plan is to reconcile qualitative growth and industrial performance.
“We have achieved a record year and a spectacular rebound in only 24 months,” said Vincent Wauters, CEO of the Rossignol Group, in a release. “We have therefore passed the milestone of €400 million in revenue, in advance of our Ascension 2026 Strategic Plan. With a strong increase in revenue and margin since 2021, this will therefore be a record year, far exceeding our best performances pre-Covid.”
Wauters joined the Rossignol group in December 2020. He previously served as CEO of Hunter Boots, president of Arc’teryx and executive board member of Amer Sports Corporation in charge of global operations and of the apparel and gear category.
Bart Schaneman can be reached at [email protected].
