Revenues reach a record of HK 2,233.6 million
CYBEX and EvenfloBrands achieve strong revenue growth
HONG KONG, May 12, 2022 / PRNewswire / – Goodbaby International Holdings Limited (“Goodbaby International” or “Company”, HKEX stock code: 1086, together with its subsidiaries, “GROUP“), a leading global parenting company, today announced its unaudited earnings performance for the three months ended March 31, 2022 (“PeriodThe group generated revenue of approximately HK 2,233.6 millionrepresenting a record for the first quarter with a growth rate of 7.1% year on year (“years”) (8.1% growth based on constant currency).
During the period, CYBEX The brand continued its strong revenue growth at a rate of 15.6% (22.1% growth on a constant foreign exchange base) per year to achieve a record first quarter income. Strong brand position and product portfolio (both in car seats and wheeled goods), strengthened global operations, continuous launch of new products and categories, and continuous expansion of CYBEX global omni-channel distribution contributed at the strong positive momentum of revenue across. major world markets, where relevant market shares also expanded.
Revenue performance of Evenflo The mark reached a record first quarter and a growth rate of 31.0% per annum (29.9% growth based on constant currency) during the period, driven mainly by the strong ongoing consumer response to new products innovative in North America. Despite the ongoing supply chain challenges in North America and an unfavorable exchange rate, Evenflo continued to outperform the competition.
Revenue e gb brand reached in approx HK 422.9 million. In its key China In the market, revenue performance was adversely affected by COVID-19-related constraints that led to the closure of retail stores, interruptions in the provision of logistics and the suspension of wholesale activities. gb continues to proactively define commercial operations in the right size to adapt to the new situation and declining birth rates in China.
Blue Chip business revenue amounted to approx HK 287.0 millionrepresenting a growth rate of 8.1% (6.1% growth on a constant foreign exchange basis) per year, mainly due to the continuous growth of orders from its customers.
CEO of Goodbaby International z. Martin Pos concluded, “The Group is facing continued supply chain disruptions due to COVID-19 blockages in China and regional instability in Europe. “We are actively working to mitigate these challenges and as a result it is not prudent at this time to provide a distant view of how these challenges will affect the Group’s financial performance for 2022.”
For more details, please refer to the announcement:
About Goodbaby International Holdings Limited
Goodbaby International Holdings Ltd. (stock code: 1086) is a world leader in parenting products. The group serves millions of families around the world through the design, research and development, production, marketing and sales of child car seats, strollers, clothing and home textiles, food, nursing and personal care products, beds, bicycles and bicycles and others. baby products.
 The constant currency base is the weighted growth rate for each income from the original currency.
BURIMI Goodbaby International
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