FILA Holdings Corp.

- Earnings and operating profit surge as Acushnet capitalizes on golf success and FILA celebrates sports milestone during its brand rebuilding effort 

FILA Holdings announced its second-quarter results through public disclosure on Aug. 14. Its consolidated revenue of 1.18 trillion won and operating profit of 140.15 billion won were up 2.5% and 52.4% year-on-year, respectively.  

Golf-related subsidiary Acushnet posted 937.77 billion won in quarterly revenue for a single-digit year-on-year increase as its Titleist Pro V1 remains the bestselling golf ball with a 72% market share on major tours worldwide. Acushnet has also benefited from the rising number of golf rounds played in the United States this year. 

FILA’s quarterly revenue of 235.52 billion won represented a single-digit drop year-on-year, although FILA Group has been faithfully executing its mid- to long-term strategy to enhance brand value, including investing in brand marketing, store renewals, and key products. 

Recently, FILA demonstrated a fresh brand direction with the launch of its global "Bellissimo" campaign, which seeks to interpret FILA’s unique style and performance in harmony with the brand's 113-year heritage.  

In addition, FILA upheld its tradition as a sports marketing pioneer at recent major events. In particular, its tennis reputation shone when a FILA-sponsored athlete won the women’s singles title at the world’s most historic Grand Slam tournament last month. From London to Paris, the brand then enjoyed multiple medals with its sponsored athletes competing at the Olympics. FILA will continue to sponsor individuals, teams, and events to foster sports talent and expand its global presence.  

“FILA Holdings achieved noteworthy growth in Q2, fueled by the continued success of the high-end brand momentum at Acushnet, as well as popularity of FILA’s best-selling products and its strong brand presence in China,” said FILA Holdings CFO Ho-Yeon (Aaron) Lee. He added, "We will keep investing in FILA’s revitalization and set the stage for a rebound in earnings."