HONG KONG, Nov. 5, 2021 /PRNewswire/ — Goodbaby International Holdings Limited (“Goodbaby International” or the “Company”, HKEX stock code: 1086, together with its subsidiaries, the “Group“), a globally leading parenting products company, today announced its unaudited revenue performance for the nine months ended 30 September 2021 (the “Period“). The Group recorded revenue of approximately HK$7,112.0 million, representing an increase of 19.5% year-on-year (YoY) (14.3% growth on a constant currency basis).
During the Period, CYBEX brand continued its positive revenue growth momentum, achieving a YoY growth of 36.1% (30.3% increase on a constant currency basis) and kept gaining market share in all key geographic regions. This was mainly driven by its strong brand position and product portfolio — in both car seats and wheeled goods — fortified by innovative product launches. Continuous expansion of national distribution in existing and new markets, improved global operational and supply chain management are also primary contributors for CYBEX’s sustained growth. These positive achievements were partially offset by delayed shipment of orders to customers due to lack of logistic capacities and cost factors, and sporadic business interruptions in EMEA, North America and parts of Asia caused by continued volatilities from coronavirus disease 2019 (“COVID-19”).
gb brand recorded an anticipated temporary revenue decline, resulting from continued…
