m_and_a
confidence high
sentiment neutral
materiality 0.80
Kontoor files Helly Hansen audited FY2024 and interim Q1 2025 financials
Kontoor Brands, Inc.
- Helly Hansen FY2024 revenue NOK 6.93B, operating profit NOK 549M, net profit NOK 328M (up from NOK 266M in FY2023).
- Helly Hansen Q1 2025 revenue NOK 1.65B (+5.6% YoY), but operating profit fell to NOK 103M from NOK 149M; net profit NOK 72M.
- Total assets of Helly Hansen at Dec 31, 2024: NOK 13.07B; equity NOK 7.76B; goodwill of NOK 2.75B.
- Pro forma combined financials for Kontoor (KTB) giving effect to the acquisition are included as Exhibit 99.3.
- Acquisition of CTC Triangle B.V. (Helly Hansen parent) completed on May 31, 2025; this amendment provides required financials.
item 9.01