Overview

• South Africa protective gear maker's Q1 revenue grew 27% yr/yr, with gains across categories

• Q1 net income rose 58% yr/yr, driven by strong consumer and dealer sales

• Company generated $4.55 mln in operating cash flow, cash position increased 30%

Outlook

• Company says international ordering patterns remain robust, driven by strong global demand

• Leatt expects to accelerate investment in brand and product development to reach wider audiences

• Company anticipates working capital investments to grow as ordering patterns continue to signal growth

Result Drivers

• HELMET SALES - Helmet revenues rose 59%, contributing most to overall revenue growth

• CONSUMER DIRECT SALES - Consumer direct sales increased 49%, reflecting strong brand momentum with end customers

• DEALER AND DISTRIBUTOR TRACTION - Dealer direct sales rose 30% and international sales to distribution partners increased 24%, supported by a reorganized domestic sales force and strong global demand

Company press release: ID:nPn4p1QGTa

Key Details

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.