Rapala VMC H1 2024 Earnings Results

Rapala VMC reported improved profitability in H1 2024 with net sales of 120.5 MEUR and comparable operating profit of 8.1 MEUR, driven by higher open water market sales and operational efficiency gains. The company achieved a 6 MEUR savings program and adjusted manufacturing capacity amid easing inflation and improved retail activity. Outlook for full-year 2024 is positive with expectations for increased comparable operating profit versus 2023.