Misto Holdings Q2 Operating Profit Up 29.8% YoY... "Strong Golf Business Drives Growth"

Sales Reach 1.2277 Trillion KRW, Up 4.5% Year-on-Year
Acushnet Segment Revenue Grows 7.9% Compared to Last Year

Misto Holdings continued its growth trajectory in the second quarter of this year, driven primarily by its golf business.

According to the Financial Supervisory Service’s electronic disclosure system on August 18, Misto Holdings reported a consolidated operating profit of 181.9 billion KRW for the second quarter, marking a 29.8% increase compared to the same period last year. During the same period, revenue grew by 4.5% to 1.2277 trillion KRW.

The growth of the Acushnet segment, which encompasses the company’s golf business, is seen as the main driver of these results. The Acushnet segment recorded sales of 1.0114 trillion KRW, up 7.9% year-on-year. This was attributed to robust demand across the entire range of products, including Titleist golf balls such as the Pro V1 and Pro V1x, as well as clubs and gear. The company specifically noted that strong sales of new golf balls, the GT series clubs, and Scotty Cameron putters played a significant role in boosting performance. Globally, the business achieved stable growth in the US and European markets, while adjustments in certain Asian regions were balanced, resulting in overall stable operations.

The Misto segment posted sales of 216.3 billion KRW, down 8.9% from the same period last year. The company emphasized its efforts to discover new hit products, following the success of the FILA brand’s ‘Eshafe’ series with launches such as ‘Peyto’ and ‘Pantera’. In April, the company opened the concept store ‘FILA 1911 Myeongdong’-showcasing the brand’s heritage-in an effort to increase engagement with global consumers and continue its brand repositioning strategy.

In Greater China, Marithe Francois Girbaud accelerated the expansion of K-fashion by opening its first store in the region in Xintiandi, a prominent commercial district in Shanghai. Misto Holdings plans to further expand brand awareness across Greater China and pursue mid- to long-term brand restructuring and strategic investments.

Lee Hoyoun, CFO of Misto Holdings, stated, “Despite uncertainties in the external policy environment and adjustments in certain business operation regions, our brand competitiveness centered around Acushnet and the effects of restructuring some overseas operations have contributed positively to overall performance. The Misto segment is also focusing on strengthening product capabilities and optimizing distribution under a mid- to long-term strategy. We will continue to invest in and support balanced growth across our entire brand portfolio.”