(Montreal) Dorel Industries posted a net loss of US$16.7 million in the second quarter on Friday, or 51 cents US per share, compared to US$13.6 million or 42 cents per share at the same time last year. last.
Its quarterly revenue fell 19% to US$345.2 million.
Dorel President and CEO Martin Schwartz said in a statement that the Dorel Juvenile and Dorel Home divisions showed “encouraging” signs of improvement in the second quarter.
The Juvenile Products division has thus recorded a profitable first quarter since the third quarter of 2021, which would be attributable in particular to the launch of new products in Europe.
Dorel has approximately 4,000 employees and is present in twenty-two countries.
