Wisdom Financial App news, Goodbaby Intl (01086) announced that in the first 9 months of 2024, it achieved total revenue of approximately 6.4925 billion Hong Kong dollars, an 11.8% year-on-year growth.

Among them, CYBEX achieved very strong revenue growth, reaching 3.3129 billion Hong Kong dollars, a 21.2% year-on-year growth, with momentum increasing each quarter and revenue hitting a new high; Evenflo, based on moderate growth in the first half of 2024, achieved very strong growth in the third quarter, maintaining robust revenue growth during this period; With the end of the negative impact of destocking by customers, the blue-chip business experienced a significant rebound, further driving revenue growth during this period. This positive momentum was partially offset by the decline of the gb brand, mainly due to the brand continuing business scale adjustments and brand transformation in its key China market. With this strong revenue growth momentum, the group continued to consolidate its leading position in the global children's products industry during the period.

During the period, the group continued to fulfill its commitment to product development and innovation. The market demand for CYBEX products remains strong. CYBEX continues to capture significant market share in all key product categories and markets. Evenflo continues to offer meaningful innovative solutions to enhance consumer lives with accessible value. gb is committed to providing consumers with a full range of children's products, continuously enriching its product range through the launch of new products and upgrades to existing products. The group continues to strive for diversification and enrichment of the global omnichannel distribution network, which is a key infrastructure for the group's success.

During the period, the declining birth rate, along with the rise in maritime transportation costs and prolonged goods transport times due to regional geopolitical conflicts, and the continuous shortage of containers have caused negative macro effects. Nevertheless, the group remains confident in its vertically integrated, brand-driven global strategy, and expects the positive momentum in revenue to be sustained throughout the year.