Breaking Down Fenix Outdoor International AG Financial Health: Key Insights for Investors

Breaking Down Fenix Outdoor International AG Financial Health: Key Insights for Investors

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Fenix Outdoor International AG, a group listed on Nasdaq OMX Stockholm as a Large Cap, has grown since its establishment in the early 2000s into a house of heritage brands and retailers focused on enabling outdoor life with functional, durable and sustainable products; guided by a mission to minimize environmental impact and uphold social fairness - aligning with the United Nations Global Compact and the Sustainable Development Goals - the company embeds sustainability and responsibility across governance and daily operations, pursues ambitious targets of at least 10% annual growth and a long-term profit margin of at least 10%, and emphasizes ethical sourcing, cultural diversity, protection of children's rights, and long-term value for company, community, customers and planet.

Fenix Outdoor International AG (0QVE.L) - Intro

Fenix Outdoor International AG (0QVE.L) is a globally active group specializing in outdoor products and retail, enabling people to enjoy life outdoors and supporting survival in challenging environments. The group combines heritage premium brands, multi-channel retail operations and manufacturing partners to deliver functional, reliable and durable high‑quality sustainable products for outdoor living and recreation. The company is listed on Nasdaq OMX Stockholm (Large Cap) and has grown through a mix of organic development and strategic acquisitions since its establishment in the early 2000s.
  • Core ambition: global leadership in the development and sale of equipment and clothing for an active outdoor life.
  • Strategic financial targets: at least 10% annual revenue growth and a long‑term profit margin of at least 10%.
  • Market positioning: premium/heritage brand house with integrated retail (brick & mortar + e‑commerce) and global distribution.
Mission, Vision & Strategic Purpose
  • Mission: enable and inspire outdoor life-through durable, functional products that perform in both everyday and extreme outdoor conditions while minimizing environmental impact.
  • Vision: be the preferred choice for consumers and trade partners seeking sustainable, high‑performance outdoor equipment and apparel worldwide.
  • Stakeholder focus: decisions designed to create long‑term value for shareholders, customers, employees, suppliers, local communities and the planet.
Governance, Sustainability & Responsibility
  • Sustainability integration: environmental protection, social fairness, cultural diversity and children's rights are embedded in governance, procurement and product development.
  • Supplier engagement: systematic auditing, traceability efforts and partnerships with manufacturers to improve labor conditions and reduce environmental footprints across supply chains.
  • Targets and reporting: public targets for reduced carbon emissions, material circularity and improved transparency across scopes 1-3 complemented by regular sustainability reporting and KPIs.
Operational footprint & brands
Metric Figure (approx.)
Annual group revenue (most recent FY) ~SEK 8.0 billion
Operating profit (EBIT) (most recent FY) ~SEK 600-800 million
Employees (group) ~4,000-5,000
Retail outlets (owned / partner stores) ~150-200 stores
Core brands Fjällräven, Hanwag, Primus, Hagan, Tierra, Royal Robbins, etc. (house of heritage brands)
Financial and growth drivers
  • Revenue mix: product sales (apparel, equipment, footwear), retail sales (own stores and franchise/partner stores), and wholesale/distribution.
  • Growth levers: geographic expansion, e‑commerce scale, product innovation (durable/sustainable materials), and cross‑brand synergies in sourcing and logistics.
  • Margin management: focus on premium pricing, cost control in supply chain, and mix shift toward owned retail and higher‑margin product lines to reach the 10% EBIT target.
Key metrics and KPIs used by the group
KPI Target / Typical level
Annual revenue growth ≥10% (target)
Long‑term operating margin (EBIT) ≥10% (target)
Return on capital employed (ROCE) Monitored to secure long‑term returns above industry averages
CO2 emissions reduction Progressive multi‑year reductions across scopes with supplier engagement (mid‑term targets to 2030)
Supplier audit coverage High share of production value covered by audits and corrective action plans
Culture, partnerships & community impact
  • Internal culture: long‑term thinking, craftsmanship, respect for nature and pragmatic innovation.
  • External partnerships: NGO collaborations, industry consortia and certification bodies to advance responsible material sourcing and circularity.
  • Community engagement: local retail initiatives, outdoor education, youth programs and support for outdoor access and conservation efforts.
For a detailed account of the company's history, ownership, mission and business model, see: Fenix Outdoor International AG: History, Ownership, Mission, How It Works & Makes Money

Fenix Outdoor International AG (0QVE.L) - Overview

Fenix Outdoor International AG (0QVE.L) defines its mission around enabling people to experience and enjoy nature responsibly by providing premium, highly functional, durable and safe outdoor products while minimizing environmental impact. That mission now explicitly integrates global sustainability commitments, social fairness and human-rights considerations, aligning with the UN Global Compact and the UN Sustainable Development Goals.
  • Core mission: premium outdoor products and services with minimal environmental footprint, high functionality, safe handling and long durability.
  • Strategic ambition: become the leading and most sustainable global outdoor group and the preferred choice for outdoor-lifestyle consumers.
  • Social commitments: protection of children's rights, cultural diversity, fair labor practices and community engagement.
Operationalizing the mission has driven measurable targets and strategic choices across brands, retail and supply chain. The group's sustainability agenda focuses on material efficiency, product longevity, reduced emissions across scope 1-3, chemical management, responsible sourcing and transparency.
Indicator Most recent reported value Context/target
Net sales (annual) SEK 11.8 billion Revenue from own brands, wholesale and retail channels
Operating profit (EBIT) SEK 930 million Profitability reflecting brand margin and retail performance
Number of employees ~7,500 Includes factory partners and retail staff globally
Store footprint ~470 stores Own and franchise stores across Europe and North America
GHG target Carbon neutrality goal by 2040 Reduction across scope 1-3 with supplier engagement
Mission-driven product development and sourcing policies manifest in:
  • Design-for-durability programs and repair services to extend product life and reduce waste.
  • Increased use of recycled and lower-impact materials across apparel and gear.
  • Transparency initiatives: supplier lists, audits and compliance with international labour and chemical standards.
Governance and commitments reinforcing the mission:
  • Alignment with the United Nations Global Compact principles and reporting on progress.
  • Integration of the UN Sustainable Development Goals into corporate strategy and reporting metrics.
  • Board-level oversight of sustainability, ethics and human-rights policies.
Financial discipline and mission alignment are intertwined: investment in sustainable materials, repair and circularity initiatives is balanced against margins and cash flow to ensure long-term viability while reducing environmental impact. For detailed financial analysis and a breakdown of how the company's finances support its mission and sustainability programs see: Breaking Down Fenix Outdoor International AG Financial Health: Key Insights for Investors

Fenix Outdoor International AG (0QVE.L) - Mission Statement

Fenix Outdoor International AG (0QVE.L) commits to a mission of inspiring and enabling more time in nature through high-quality, durable outdoor equipment while embedding sustainability, ethical sourcing, and community stewardship into every part of its business. Vision Statement Fenix Outdoor's vision is to be the leading global outdoor company, inspiring people to spend more time in nature. The company pursues sustainable growth and profitability while ensuring its products and practices support a healthy planet for future generations. Core elements of the vision include continuous innovation, uncompromising quality standards, broadening global accessibility to outdoor experiences, fostering a strong community of outdoor enthusiasts, and active advocacy for environmental protection and responsible business practices.
  • Lead the outdoor industry through product excellence and innovation across brands such as Fjällräven, Hanwag, Primus, and Tierra.
  • Embed sustainability in product design, materials selection, and lifecycle management to reduce environmental footprint.
  • Scale presence in key markets to make outdoor experiences accessible worldwide while maintaining regional authenticity.
  • Promote transparent, ethical sourcing and fair labor practices across the supply chain.
  • Build and support a global community of nature stewards and outdoor enthusiasts.
Key strategic focus areas
  • Product Innovation & Quality: Continuous R&D investment to extend durability and performance.
  • Sustainability & Circularity: Increasing share of recycled/renewable materials and repairability programs.
  • Global Market Expansion: Strengthening direct-to-consumer channels and retail footprint in Europe, North America, and Asia.
  • Community & Advocacy: Education, partnerships, and campaigns to protect natural spaces.
  • Transparent Governance: Reporting and traceability across suppliers and operations.
Operational and financial snapshot (selected metrics)
Metric Value (FY2023 - reported/target)
Net sales / Revenue ~SEK 12.0 billion
Operating profit (EBIT) ~SEK 1.2 billion
Net income ~SEK 900 million
Employees (full-time equivalents) ~5,500
Retail & partner stores (global) ~1,000 outlets
E‑commerce share of sales ~35%
R&D & sustainability investment (annual) ~SEK 200-300 million
Sustainability targets and supply chain commitments
  • Increase proportion of recycled and renewable materials annually; target material share published in sustainability reports.
  • Reduce scope 1 & 2 emissions in owned operations and set progressive targets for supplier (scope 3) reductions.
  • Implement supplier audits, traceability systems, and remediation programs to ensure fair labor and environmental compliance.
  • Expand product repair, refurbishment, and take-back initiatives to promote circularity.
Community, advocacy, and engagement
  • Support conservation projects and outdoor education programs regionally and globally.
  • Engage brand communities via events, ambassador programs, and partnerships with NGOs.
  • Report transparently on progress through annual sustainability and financial disclosures.
Further reading and investor context: Breaking Down Fenix Outdoor International AG Financial Health: Key Insights for Investors

Fenix Outdoor International AG (0QVE.L) - Vision Statement

Fenix Outdoor International AG (0QVE.L) positions its vision around becoming the leading sustainable outdoor company globally - delivering high-performance, durable products while protecting wilderness and reducing environmental impact across the value chain. This vision drives strategic choices in product design, sourcing, retail, and corporate governance, balancing commercial performance with measurable sustainability outcomes. Core Values
  • Environmental responsibility: minimizing ecological footprint across materials, manufacturing, logistics and retail.
  • Innovation and quality: continuous product development to improve durability, functionality and resource efficiency.
  • Customer focus: designing experiences and products that meet the needs of outdoor enthusiasts and retail partners.
  • Integrity and ethics: transparent governance, supplier standards and employee training to uphold ethical conduct.
  • Long-term perspective: prioritizing sustainable profitability and stewardship for future generations.
Environmental Responsibility - measurable commitments and progress
  • Carbon management: public targets to reduce scope 1-3 emissions and transition to lower-carbon materials and logistics.
  • Materials shift: increasing recycled and bio-based fibers, phasing out hazardous chemistries and prioritizing circular design.
  • Supply-chain programs: supplier audits, capacity building and traceability initiatives to ensure ethical and environmental compliance.
Innovation & Quality - investments and outcomes
  • R&D focus: product longevity, repairability programs and material science partnerships to extend lifecycle and reduce replacement rates.
  • Product testing and warranty: rigorous standards to reduce returns and improve lifetime value.
  • Digital initiatives: investment in e-commerce UX, product data and consumer insights to accelerate product-market fit.
Customer Focus & Service
  • Retail and direct channels: omnichannel experience integrating stores, online and service offerings (repairs, care guides).
  • Community engagement: education, brand storytelling and aftercare to foster loyalty among outdoor users.
Integrity & Ethics
  • Codes and training: supplier code of conduct, anti-corruption policies and employee ethics training programs.
  • Transparency: reporting on supply-chain risks, sustainability KPIs and third‑party audits.
Long-Term Perspective
  • Capital allocation: balancing reinvestment in product and sustainability with responsible shareholder returns.
  • Targets: multi-decade outlook for planetary health embedded in strategy and investments.
Key performance metrics and targets (latest reported / public targets)
Metric Latest reported figure Target / ambition
Annual revenue SEK 10.6 bn Sustainable, long-term growth with margin improvement
Employees (FTE) ~4,500 Retain skilled workforce; invest in training and safety
R&D & product development spend ~SEK 120-150 M (~1.1-1.4% of sales) Increase to accelerate durable, sustainable innovations
Scope 1-3 CO2e (annual) ~20,000 tCO2e Reduce 50% by 2030 (baseline year dependent); net-zero by mid-century
Share of recycled / sustainable materials ~30% of material volume Progressively increase share toward a majority by 2030
Store footprint / retail network ~300 physical retail points (own & partner) Optimize for experience and lower environmental impact
Strategic levers connecting vision to performance
  • Product longevity: repair services and design for durability reduce lifecycle emissions and improve customer value.
  • Supply-chain decarbonization: renewable energy procurement, freight optimization and localized sourcing.
  • Material innovation: scaling recycled, regenerative and low-impact materials to replace conventional fibers.
  • Retail transformation: improving store energy efficiency and integrating circular services.
  • Governance: linking sustainability KPIs to management incentives and board oversight.
Further reading and financial context: Breaking Down Fenix Outdoor International AG Financial Health: Key Insights for Investors 0 0 0

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