Airesis’ major participation Le Coq Sportif confirmed continued growth with half-year sales figures showing an increase of 37%, in the reporting currency, to reach EUR 40.4 million.

Boards & More, whose brand portfolio includes Fanatic, North Kiteboarding, North Sails Windsurf and Ion, realized an operating profit in the reporting currency of EUR 0.4 million. All other factors being equal, total revenue at Boards & More rose by 4%.

Continuing to grow, despite the persistent tough economic circumstances, Airesis showed consolidated total revenue increasing significantly in the first half of 2009, with a rise of 16% to reach a total of CHF 82.5 million. The consolidated net result for the first half of 2009 amounted to CHF 1.6 million (2008: CHF -13 million).

Le Coq Sportif’s EBIT reached KEUR 1,099 at the end of June 2009 compared to KEUR –6,749 for the same period last year. This improvement is explained by a net increase in total revenue of KEUR 10,887 and a decrease in operating expenses of KEUR 3,671.

Boards & More’s EBIT amounted to KEUR 421 (1^st half year 2008: KEUR -238). The main factor behind this gain was a decrease in the company’s operating expenses of nearly one million Euros, which offset a slight decline in the gross margin of KEUR 338.

The interim financial report will be published Monday, 14 September 2009.