The sporting goods manufacturer Fila Holdings has completed the 2024 financial year with a robust financial performance. In particular, growth was favored by the strong development of the US golf daughter Acushnet and effective cost management.
As the company announced on Tuesday, group sales rose 6.5 percent to 4.27 trillion WON ($ 2.9 billion). The operational result even recorded an increase of 18.9 percent to 360.8 billion.
The largest growth contribution, the US golf daughter of Fila, made the largest growth contribution to 3.35 trillion WON with a increase in sales. This positive development is due to the persistently high demand on the US golf market and the success of title service golf balls and rackets. The Fila division also contributed to the growth and achieved a increase in sales from 2.2 percent to 917.3 billion. She benefited from a diversified business model that comprises both joint ventures and license agreements.
For the coming years, the company plans to provide up to 500 billion won for the shareholder return between 2025 and 2027. This increases the total amount of shareholder returns for the period from 2022 to 2027 to 800 billion We.
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