Clothing and equipment group Fenix Outdoor AB has reported an after-tax profit of SEK20.9 million for January-September 2004 - a year-on-year decrease of 27 per cent.

Operating profit in the period dropped to SEK35.2m from SEK48.6m, whilst net turnover fell 3.0 per cent to SEK414.2m.

Fenix Outdoor expects results for 2004 to be lower than last year.