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Estonian Tahe Kayaks sees 24% drop in sales in 2016
BC, Tallinn, 11.09.2017.
Print version
Print versionSales of the Estonian manufacturer of water sports equipment Tahe Kayaks OU fell 24% year over year to 4.8 million euros in 2016, informs LETA/BNS.
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The reduction in sales was the result of a significant drop in sales to
markets outside the European Union -- from 2.7 million euros in 2015 to 1.2
million euros last year, it appears from the annual report.
Sales to EU markets were unchanged from 2015 at 3.6 million euros.
The company finished 2016 with a loss of 25,000 euros, compared with
a net profit of 414,000 euros earned in 2015.
Tahe Kayaks owns 100% of the shares in the Estonian kayak manufacturer Beluga OU and
the French manufacturer of oars Egalis
S.A.S. Both companies finished 2016 with a net loss of a couple of
tens of thousands of euros.
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