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Kathmandu Reports Strong Results For Year Ended July 2021, Underpinned by Rip Curl
Strong sales performance from Rip Curl and Oboz, driven by participation growth in surfing and hiking. Sales up 15.1% to $922.8 million Investment program in online capabilities delivering results, with online sales accounting for 14.4% of direct to consumer (DTC) sales; a 4-year CAGR of 21.9% p.a. Strong forward order books for Rip Curl and Oboz, above pre-COVID levels Strong balance sheet with $37 million net cash, and clean inventory position Underlying EBITDA up 35.9% to $113.3 million…