A Good Start for Year
2024
HONG
KONG, May 10, 2024 /PRNewswire/ -- Goodbaby
International Holdings Limited ("Goodbaby International" or the
"Company"; HKEX stock code: 1086, together with its subsidiaries,
the "Group"), a leading global parenting products company,
has announced its unaudited revenue performance for the three
months ended 31 March 2024 (the
"Period"), with revenue up by 2.7% year-on-year to approximately
HK$1,892.1 million.
During the Period, the Group advanced with positive momentum.
CYBEX achieved outstanding performance recording a strong 14.3%
growth in revenue (a 12.3% increase on a constant currency basis)
to approximately HK$974.2 million.
The brand consolidated its global leadership as a premium
"technical-lifestyle" brand. As for Evenflo, maintaining the strong
momentum gathered in the fourth quarter of 2023, it recorded a 6.9%
growth in revenue (a 5.8% increase on a constant currency basis) to
approximately HK$576.8 million
for the Period. In addition, with the impacts from customers
destocking ending, Blue Chip business continued the strong rebound,
which started in the fourth quarter of 2023. And, gb brand
continued to pursue commercial right-sizing and brand
transformation.
The Group has been relentless in developing products and
innovation to cater to strong market demand. CYBEX has continued to
innovate, actively upgrade its core travel and safety product
categories as wheeled goods and car seats, and set up expanding its
shares in all key markets. Evenflo has continuously developed
disruptive innovative products in the safety car seat industry.
During the Period, it launched America's first modular child and
pet travel system designed to fit all in the family, a product that
embodies the brand's commitment to creating innovative solutions
for today's families. gb brand continued to improve product safety
and innovation. The safety products it designed for new
electric vehicle manufacturers have won
two prominent international innovation awards, which is proof
of the industry recognition its products warrant and the brand's
industry leadership.
In addition, the Group further diversified and enriched its
global omni-channel distribution network. CYBEX recorded strong
growth across its omni-channel network, allowing it to offer
world-class experience and services to its global fans at every
touch point. Having stepped up development of digital
channels, Evenflo was not only able to promote positive growth in
revenue, but also enhance and enrich consumers' experience, as well
as strengthen its overall digital strategy and leadership in
the local children's product industry. gb continued to execute its
consumer-centric retail strategy and transform its business model
in its key China market towards
direct to consumer approach leveraging its private traffic and
social media influencer resources.
Mr. Tongyou LIU, Executive Director and Group CEO of Goodbaby
International, said, "Although the global economic
environment remains challenging, we are very pleased to see the
Group enjoying positive growth momentum starting the year 2024
based on its market competitiveness. We will continue to pay
attention to the dynamics of the macro environment, and actively
develop our business capitalizing on the current solid business
momentum, so as to continue to provide high-quality and safe
products and services to families around the world."
About Goodbaby International Holdings Limited
Goodbaby International Holdings Ltd. (stock code: 1086) is a
world-leading parenting products company. The Group serves millions
of families around the world through design, research and
development, manufacture, marketing and sales of children's car
safety seats, strollers, apparel and home textile products,
feeding, nursing and personal care products, cribs, bicycles and
tricycles and other children's products.
For more information, please visit Goodbaby's corporate website:
www.gbinternational.com.hk.
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SOURCE Goodbaby International