Columbia performs well, while Europe remains flat

Columbia Sportswear managed to increase net sales by a stunning 29 percent to $675.3 million in the third quarter ended Sept. 30. Operating income was up by 28 percent to $98.3 million compared with the previous year. Excluding expenses related to the acquisition of the Prana brand last April, profits reached $97.7 million. Net profit was $65.6 million.

In the U.S., the outdoor company improved sales by 26 percent to $406.3 million, including Prana with $28.2 million. Latin America-Asia Pacific was up by 72 percent to $123.5 million, also due to the newly established joint venture in China that went operational at the start of this year. Europe, Middle East and Africa developed by 1 percent to $78.8 million. This gain basically derived from a positive currency effect compared with the dollar.

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