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SECURITY: HED (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Head NV is a leading global
manufacturer and marketer of premium sports equipment.
Head NV's ordinary shares
are listed on the New York Stock Exchange (“HED”) and the Vienna Stock
Exchange (“HEAD”).
Our business is organized
into four divisions: Winter Sports, Racquet Sports, Diving and Licensing.
We sell products under the Head (tennis, squash and racquetball racquets,
tennis balls and badminton products, alpine skis, ski boots and ski bindings,
snowboards, bindings and boots), Penn (tennis and racquetball balls), Tyrolia
(ski bindings), and Mares/Dacor (diving equipment) brands.
URL : http://www2.head.com
HEAD
NV Announces Results for the Three Months ended 31 March 2008
Please
click here for PDF version of this press release
Amsterdam
– 15th May 2008 – Head N.V. (VSX: HEAD; U.S. OTC: HEDYY.PK), a leading
global manufacturer and marketer of sports equipment, announced the following
results today.
For
the three months ended 31 March 2008 compared to the three months ended
31 March 2007:
Net
revenues were up 7.5% to €61.6 million
Operating
loss after the impact of share-based compensation, decreased by €5.5m
to €3.4 million from €8.9 million
The
net loss for the period was €3.5 million compared to a €9.6 million
loss in Q1 2007.
Johan
Eliasch, Chairman and CEO, commented:
“Following
our poor results for 2007, the first quarter for 2008 has been positively
impacted by the good conditions experienced during the recent Winter Sport
season and the success of our race team. This however has not been fully
reflected in the operating profit of the company as a result of lower gross
margins in Winter Sports and Diving and higher selling and marketing costs.
Overall our operating loss, excluding the share based compensation income
and expense, has improved by €0.6m in the quarter.
We
feel that the Winter Sports Industry has not fully recovered from the poor
season it experienced in 2006/07 and the results in Q1 2008 are not indicative
of the full year outcome. Bookings for the 2008/09 season, which will make
up the majority of our sales in the Winter Sports Division in 2008, suggest
that while we should see an improvement this year, we will not reach sales
levels achieved in 2006.
In
our other divisions, market conditions are tough due to the current economic
climate and the discretionary nature of our products and as a result, for
the group, we are currently anticipating an operating loss in the region
of that achieved in 2007.“
HEAD
NV Announces Results for the Three and Nine Months ended 30 September 2007
Please
click here for PDF version of this press release
Amsterdam
– 8th November 2007 – Head N.V. (NYSE: HED; VSX: HEAD), a leading global
manufacturer and marketer of sports equipment, announced the following
results today.
For
the three months ended 30 September 2007 compared to the three months ended
30 September 2006:
* Net revenues were down 17.1% to €92.8 million
* Operating profit decreased by €7.9 million to €8.8 million,
from €16.8 million in Q3 2006.
* The net profit for the period was down €6.9 to €4.1 million
compared to a net profit of €11.0 million in Q3 2006.
For
the nine months ended 30 September 2007 compared to the nine months ended
30 September 2006:
* Net revenues were down 13.0% to €211.8 million
* The Operating loss for the period was €5.4 million compared to an
operating profit of €9.4 million in comparable 2006 period.
* The net loss for the period was €11.9 million compared to a net
profit of €1.1 million in the comparable 2006 period.
Johan
Eliasch, Chairman and CEO, commented:
“As
anticipated, the third quarter results have been negatively impacted by
the performance of the Winter Sports Division. The poor snow in the 06/07
skiing season has resulted in lower sales and utilisation of our facilities.
The sales in this division for the three months were down by 30.5% and
profit margins were also lower compared with the prior year
HEAD
NV Announces Results for the Three and Twelve Months ended 31 December
2006
Amsterdam
– February 27th 2007 – Head N.V. (NYSE: HED; VSX: HEAD), a leading global
manufacturer and marketer of sports equipment, announced the following
results today.
For
the three months ended 31 December 2006 compared to the three months ended
31 December 2005:
Net
revenues were down 4.2% to €123.3 million
Operating
profit, before restructuring costs, improved by €1.5 million to a
profit of €10.6 million.
The
profit for the period was €3.3 million compared to a profit of €3.5
million in Q4 2005.
For
the twelve months ended 31 December 2006 compared to the twelve months
ended 31 December 2005:
Net
revenues were up 2.0% to €366.8 million
Operating
profit, before restructuring costs and gain on sale of property, increased
by €5.1 million to a profit of €20.0 million.
The
profit for the period was €4.4 million compared to €6.7 million
profit for 2005.
Head
NV Announces Record and Payment Date for Capital Repayment
AMSTERDAM,
Netherlands, Sept. 11, 2006, Sep 11, 2006 (PRIMEZONE via COMTEX News Network)
-- Head NV (NYSE:HED) (VSX:HEAD), a leading global manufacturer and marketer
of sports equipment, announces record and payment date for capital repayment
According
to the resolution approved at the last Annual General Meeting of Shareholders
of Head NV on May 24th, 2006, the Company amended the Articles of Association
to firstly increase the nominal value of the shares from Euro 0.20 to Euro
0.45 and to subsequently reduce the nominal value of the shares from Euro
0.45 to Euro 0.20 and as a consequence will make a payment of Euro 0.25
per share to its shareholders.
The
capital repayment is payable to Shareholders on record as of September
20th, 2006. The euro payment date will be September 25th, 2006. The ex-date
for the Head NV shares will be September 18th, 2006.
Head
N.V. announces approval of all resolutions proposed at the AGM
Amsterdam
– May 24th 2006 – Head N.V. (NYSE: HED; VSX: HEAD), a leading global manufacturer
and marketer of sports equipment, announces the approval by shareholders
of all resolutions proposed at the Annual General Meeting.
The
Annual General Meeting of Shareholders of Head N.V. was held today, Wednesday
24th May 2006 in the Netherlands. Head NV is pleased to announce that all
the proposed resolutions were approved by the shareholders, including the
resolution to amend the Articles of Association to firstly increase the
nominal value of the shares from Euro 0.20 to Euro 0.45 and to subsequently
reduce the nominal value of the shares from Euro 0.45 to Euro 0.20.
As
a consequence of the adoption of the resolutions, Head N.V. intends to
make a payment of Euro 0.25 per share to its shareholders with an expected
date of payment at the beginning of September. This payment is subject
to Dutch Ministry and Dutch District Court approval, and based on no objections
from our creditors.
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