Mips AB
STO:MIPS
Mips AB
Effect of Foreign Exchange Rates
Mips AB
Effect of Foreign Exchange Rates Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Effect of Foreign Exchange Rates | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
Mips AB
STO:MIPS
|
Effect of Foreign Exchange Rates
-kr5m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
Thule Group AB
STO:THULE
|
Effect of Foreign Exchange Rates
-kr7m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
N
|
Nimbus Group AB (publ)
STO:BOAT
|
Effect of Foreign Exchange Rates
-kr11m
|
CAGR 3-Years
-23%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
Mips AB
Glance View
Mips AB, a Swedish company that stands at the intersection of innovation and safety, has carved out a unique niche in the helmet industry by focusing on brain protection. Born from the collaborative efforts of scientists and entrepreneurs, Mips was established to address a critical flaw in traditional helmet designs: their limited ability to protect against rotational motion during impacts. Recognizing that the human brain is particularly vulnerable to angled impacts, Mips developed a proprietary low-friction layer technology known as the Multi-directional Impact Protection System (MIPS). This layer allows the head to move slightly inside the helmet during a crash, thereby reducing rotational motion that could lead to brain injuries. Mips doesn't manufacture helmets themselves but instead licenses its technology to prominent helmet brands across various sports, including cycling, skiing, and motorcycling, allowing them to integrate the MIPS system into their own products. In the business landscape, Mips has firmly planted itself as a B2B entity, making its money primarily through licensing agreements with helmet manufacturers. Its revenue model is built on charging these companies a fee for incorporating the MIPS technology into their helmet designs. This symbiotic relationship allows Mips to focus on further research and development, continuously refining their technology to enhance safety standards while the manufacturers benefit from offering a science-backed safety feature that differentiates their products in the market. In turn, this has driven Mips' robust financial growth, as the demand for enhanced safety features in helmets continues to rise, supported by increasing consumer awareness and regulatory movements advocating for improved protective gear standards. Mips’ dynamic journey underscores the company's commitment not only to advancing safety but also to strategically leveraging partnerships to proliferate their innovative solution globally.
See Also
What is Mips AB's Effect of Foreign Exchange Rates?
Effect of Foreign Exchange Rates
-5m
SEK
Based on the financial report for Sep 30, 2024, Mips AB's Effect of Foreign Exchange Rates amounts to -5m SEK.
What is Mips AB's Effect of Foreign Exchange Rates growth rate?
Effect of Foreign Exchange Rates CAGR 1Y
-25%
Over the last year, the Effect of Foreign Exchange Rates growth was -25%.