ASICS EMEA has reported a 35% consolidated net revenue increase year on year, with operating income also up significantly to €42.7 million in Q1 2021.
ASICS reported 43.9% year-on-year growth in wholesale channels across EMEA for the period ending March 2021. ASICS revenue in wholesale channels increased year on year in Germany (66.8%), France (46.1%), UK (52.1.%), Italy (79.4%), Iberia (57.6%) and Sweden (26.4%).
ASICS EMEA also continued to see strong e-commerce growth, with an increase of 110.7% year on year. The company added that ASICS also reaffirmed its position as Europe’s number one brand in running according to NPD data.
In March 2021, ASICS launched two high-performance running shoes – METASPEED Sky and METASPEED Edge. The new shoes have been designed with a distinct type of running style in mind.
This latest innovation has already supported over 100 elite athletes to beat their personal best. The company added that ‘Beth Potter ran an unofficial world record over 5km, Sarah Lahti set a new Swedish 5km record and Hillary Kipkoech ran a world-leading 10km time of 27:35, all wearing METASPEED Sky shoes.
ASICS EMEA, Chief Executive Officer, Carsten Unbehaun said “I’m extremely encouraged by these results that demonstrate we have positive momentum across the region. Our business has grown significantly versus last year, despite many of our own stores and our partners’ stores having to close temporarily due to COVID-19.
“The revenue increase in Q1 is the result of growth in our existing sales channels, market share gains, and the phasing of our spring/summer 2021 season.
“We are seeing strong growth in our wholesale channels across the entire region, which is a reflection of the ongoing commitment we have to our partners. And we continue to accelerate growth in digital channels, optimising services to support more people to find the rights sports gear online.
“I am proud that across our region, more and more people are choosing to put their trust in ASICS. We’ve always believed in the power of sport on the body and mind, and we know it’s more important than ever that people move for their physical and mental wellbeing.
“This is why we will continue to develop the most technologically advanced products to keep people moving and injury-free. Our focus remains on supporting more people to move with ASICS to achieve a sound mind in a sound body.”
