Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Snow + Rock reports profits drop

Specialist mountain sport retailer Snow + Rock reported a 13% drop in profits last year blaming poor snow in the Alps for the decline.

According to the Sunday Times, earnings before tax, depreciation and amortisation dropped from £8.6m a year ago to £7.5m. Turnover for the year rose 14% to £65m.

The retailer, which was bought by private equity company LGV Capital in 2010, acquired jogging specialist Runners Need two years ago in an attempt to reduce its dependence on the ski season.

Finance director Hamish Mansbridge said: “Snow is still the core of the business, but most of the growth will come from cycling and running. People are much more inclined to hit the streets as gyms have become expensive.”

Mansbridge said thinner margins on cycling and running garments had also hit profits last year.

The group has 42 stores across its Snow + Rock, Runners Need and Cycle Surgery brands.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.