Minneapolis-based US powersports manufacturer Arctic Cat increased its third-quarter revenue to 31 December 2012 by five per cent to £138.7m. Net profit for the three-month period climbed by 5.3 per cent to £11.4m. Impressive 28 per cent growth in the brand’s global ATV and side-by-side product sales was largely responsible for the improvement, the company said.
For the nine months of its financial year to date, Arctic Cat enjoyed a 15 per cent rise in revenue to £355.5m. Net profit was up by 24 per cent to £28.5m.
“Sales of Wildcat side-by-sides met our high expectations for the third quarter and year to date,” said Arctic Cat chairman and chief executive Claude Jordan. “We remain pleased with consumer and dealer enthusiasm for the Wildcat, and anticipate growing revenue contributions from our expanding Wildcat line.”