Posts tagged as Head

  • head-hero-ski-hammer-slide1-desktop_08_start

    Thursday, November 19th 2015

    Head merges Austrian and German operations

    by Markus Huber

    Head Germany, based near Munich, is to run the group’s business in Austria too. According to Austrian newspapers, Bob Koch, managing director of Head Tyrolia Austria GmbH, is said to be leaving the company by the end of the year. 57-year-old Koch has run Head’s Austrian operations since 2002. While Rainer Schramm, managing director of […]

  • Friday, October 10th 2014

    Head reacts to delisting threat

    by Markus Huber

    Head has called for an extraordinary assembly of shareholders after the Vienna stock exchange informed the sporting goods company that its nominal capital is below the critical volume required by Austrian law. Head now has two options: to lift its capital with money from its own resources or to repurchase its shares to have the […]

  • Thursday, August 7th 2014

    Winter sports keep Head afloat

    by Markus Huber

    Winter sports remain the driving force in Head’s portfolio, which saw sales for the first six months of 2014 increase by 2.0 percent in euros and by 4.2 percent in constant currencies to €136.9 million in total (see figures in graph below). Snow sports were up by 6.5 percent, even though this is not a historically […]

  • Wednesday, March 26th 2014

    Head gives up on its conditional offer to buy back shares

    by Markus Huber

    Head NV has finally decided to cancel its conditional offer for its share buy back program. The company had extended the offering period three times, but failed to reach the necessary declarations of acceptances. It received declarations for more than more than 16.5 million shares, but fell short of the targeted 19.2 million during the […]

  • Thursday, March 13th 2014

    Head doubles profits in 2013

    by Markus Huber

    Thanks in large part to the recovery of its winter sports sector, Head saw an increase in sales of 4.5 percent to €358.7 million in 2013 compared with the previous year. Its snow sports category improved by 9.1 percent to €160.0 million. Racket sports were up by 1.9 percent to €144.8 million. The diving segment […]

  • Sunday, January 26th 2014

    Head sales up in Germany – even in snow sports goods

    by Markus Huber

    Head’s German subsidiary saw sales increase by 6.6 percent to €39 million. What is interesting to note here, is that the Austrian firm saw stronger growth in its snow sports goods than its other products – and this, despite a poor winter. According to Head’s in-company information, winter sports goods were up by 11 percent […]

  • Wednesday, January 8th 2014

    Head dives with Scuba Schools International

    by Markus Huber

    Effective Jan. 1, Head N.V., the owner of the Mares brand of diving equipment, acquired SSI (Scuba Schools International). SSI is a major globally operating provider of diving certificates, teaching material and education concepts for divers and diving instructors. Founded in 1970, SSI describes itself as one of the few operators of its type which […]

  • Tuesday, December 10th 2013

    Head introduces customized tennis rackets to the market

    by Markus Huber

    Head is introducing a special, new technology that enables players to customize their rackets according their individual preferences. This innovation has been reserved for professional players so far, but is now being launched onto the wider market. Head Custom Made technology allows the player to “feel like a pro” by customising their racket in terms […]

  • Tuesday, September 3rd 2013

    Head secures fresh money through euro bond

    by Markus Huber

    Head has announced the issuance of a new euro bond worth €45 million. The bond will be issued by HTM in Switzerland and guaranteed by NV, the holding company. An application will be made to list the bonds on the SIX Swiss Exchange (SIX). The securities are euro dominated. The buyers of these bonds will benefit […]