Misto Holdings Sees Q3 Operating Profit Surge 41.2% YoY on Strong Golf Business

Revenue Reaches 1.0882 Trillion Won, Up 3.7% Year-on-Year
Golf Segment Acushnet Continues Sales Growth
'Fila' Misto Segment Returns to Operating Profit

Misto Holdings (formerly Fila Holdings) continued its growth in the third quarter of this year, driven by strong sales of the signature golf balls from its golf brand, Titleist.

According to the Financial Supervisory Service's electronic disclosure system on November 17, Misto Holdings' consolidated operating profit for the third quarter of this year was provisionally tallied at 131.9 billion won, up 41.2% from the same period last year. During the same period, revenue increased by 3.7% year-on-year to 1.0882 trillion won.

The growth in sales from the golf business, Acushnet, appears to have driven these results. The Acushnet segment posted third-quarter revenue of 907.6 billion won, a 7.5% increase from the previous year. Operating profit rose 12.5% year-on-year to 123.2 billion won. This was attributed to robust sales of Titleist's signature golf balls, 'Pro V1' and 'Pro V1x,' as well as the accelerated sales of the new 'Pro V1 Left Dash.' In addition, the T-Series irons launched in August also received positive market feedback, helping to maintain stable profits.

The Misto segment recorded revenue of 180.6 billion won, down 12% from the same period last year. Operating profit turned positive, reaching 8.7 billion won, compared to an operating loss of 16.1 billion won a year earlier. The company explained that it has accelerated the repositioning strategy for the Fila brand in Korea, leading to a strong response from consumers in their 20s and 30s, particularly with the launch of the new 'Eshafe' series. Furthermore, the business restructuring implemented in North America at the end of last year, along with the performance of Misto's Greater China business, contributed to narrowing losses.

Lee Hoyoun, CFO of Misto Holdings, said, "In the third quarter, we continued to deliver solid results based on strengthened brand competitiveness and efficient asset management. By consistently implementing a predictable shareholder return policy, including a special dividend for the fourth consecutive year, we aim to establish ourselves as a trusted, shareholder-friendly company."

This content was produced with the assistance of AI translation services.