Asics reports ‘strong, profitable growth’ across all regions in Q1

Japanese footwear giant Asics EMEA has reported a ‘record-high’ revenue increase of 30.2% year-on-year in the first quarter of 2023, ending 31 March.

Net sales stood at £891 million (¥152.2 billion), the highest-ever first quarter for the company, up by 44.6% compared to the year prior and by 35% currency-neutral.

Operating income also broke records, reaching £129 million (¥22.1 billion), up by 15%.

In addition, Asics reported profitable growth across all its categories in Q1 2023, including Performance Running, Tennis, Indoor and SportStyle.

Wholesale channels reported year-on-year growth of 34.4%, with significant increases in Benelux (45.2%), France (69.5%), Germany (39.2%), Iberia (55.5%), Italy (57%), Sweden (55.1%) and the UK (15.6%).

Asics EMEA also reported e-commerce growth, with an increase of 31.9% year-on-year.

Carsten Unbehaun, Chief Executive Officer at Asics EMEA, commented: "This has been an incredibly strong financial quarter for Asics EMEA. We have reported record revenues and have seen growth across all categories. As ever, we remain committed to our wholesale partners and I want to thank them for their continued support.

"As we look ahead, despite the challenging market circumstances, we remain confident. We continue to drive new product innovation and are receiving incredible product reviews and recommendations from consumers, experts and athletes. Our brand is strong and we see more people than ever choosing Asics to help them achieve a Sound Mind in a Sound Body."