ASICS EMEA (Europe, Middle East & Africa) has today reported its Q1 2023 financial results, with revenues increasing by 30.2% (excluding the Onitsuka Tiger brand) versus Q1 2022 and an operating income margin of 15%.
ASICS EMEA saw profitable growth across all its categories in Q1 2023, including Performance Running, Tennis, Indoor and SportStyle. Wholesale channels overall reported year-on-year growth of 34.4%.
There were significant increases in Benelux (45.2%), France (69.5%), Germany (39.2%), Iberia (55.5%), Italy (57%), Sweden (55.1%) and the UK (15.6%) versus Q1 2022. ASICS EMEA also reported e-commerce growth, with an increase of 31.9% in Q1 2023 versus last year.
ASICS EMEA Chief Executive Officer, Carsten Unbehaun said “This has been an incredibly strong financial quarter for ASICS EMEA.
“We have reported record revenues and have seen growth across all categories. As ever, we remain committed to our wholesale partners and I want to thank them for their continued support.
“As we look ahead, despite the challenging market circumstances, we remain confident. We continue to drive new product innovation and are receiving incredible product reviews and recommendations from consumers, experts and athletes.
“Our brand is strong and we see more people than ever choosing ASICS to help them achieve a ‘Sound Mind in a Sound Body’.”
