Head has been enjoying a buoyant year so far, with a sales increase of 12.1 percent to €132.6 million for the first half, a jump of 8.9 percent in constant currencies. The rise was driven by sales of racquet sports products, which advanced by 15.7 percent. The Austrian company’s net loss was reduced to €10.1 million, compared with a loss of €13.0 million for the first six months of 2011. However, Head confirmed the sluggishness of the winter sports equipment market, indicating that some international retailers had reduced their orders by 20 to 25 percent for the winter. The company said that its own orders of winter sports equipment had not declined that badly but still at a double-digit rate, with a sharper downturn for skis and snowboards than for boots.
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