Rossignol Sales Off 11%

Earlier this week Skis Rossignol, the French sports equipment group, announced an 11.1 per cent fall in first half revenue to 199.9m euros. The fall was 5.1 per cent excluding exchange rate variations. The group is aiming for double digit growth in net profit over the whole year. Wintersports equipment sales were down almost 10 percent, clothing and accessories up 6 percent, and the golf division was down almost 17 percent.

The second quarter is not usually a good time for snow-sports companies. Rossignol has reported the orders for skis and snwoboards will bring final year growth up five percent over the previous year.

On Wednesday shares in the group fell 0.76 per cent to 13 euros.