Head NV announced earnings results for the three months and nine months ended September 30, 2008. For the quarter, net revenues were up 0.3% to EUR 93.1 million and operating profit decreased by EUR 4.0 million to a profit of EUR 4.8 million. The net profit for the period was EUR 1.2 million compared to a EUR 4.1 million profit in third quarter of 2007. This increase was mainly due to higher sales volumes of winter sport products partially offset by the effect of the strengthening of the euro against the U.S. dollar. For the nine months ended 30 September 2008, net revenues were down 0.4% to EUR 211.0 million and operating loss improved by EUR 0.1 million to a loss of EUR 5.3 million for the same period last year. The net loss for the period was EUR 8.5 million compared to a net loss of EUR 11.9 million in the comparable 2007 period. This decrease was mainly due to the strengthening of the euro against the U.S. dollar which was partly offset by higher sale volumes of all divisions. The company reaffirms earnings guidance for the full year of 2008. The company outlook for the year remains unchanged, and continue to anticipate that will record an operating loss for 2008.

Head NV announced earnings results for the second quarter and six months ended June 30, 2008. For the quarter, the company had a net loss of €6.2 million compared to a net loss of €6.5 million in the comparable 2007 period. Net revenues for the quarter were down 8.8% to €56.2 million compared to the same period last year. For the six months ended June 30, 2008, the company had a net loss of €9.7 million compared to a net loss of €16.0 million in the comparable 2007 period. Net revenues for the six months ended 30 June 2008 were down 0.9% to €117.8 million compared to the same period last year.

Head NV reported earnings results for the first quarter ended March 31, 2008. For the quarter, the company reported net revenues were up 7.5% to EUR 61.6 million. Operating loss after the impact of share-based compensation, decreased by EUR 5.5 million to EUR 3.4 million from EUR 8.9 million. Net loss was EUR 3.5 million compared to a EUR 9.6 million loss in the first quarter 2007. The first quarter of 2008 has been positively impacted by the good conditions experienced during the recent Winter Sport season and the success of the company's race team. This however has not been fully reflected in the operating profit of the company as a result of lower gross margins in Winter Sports and Diving and higher selling and marketing costs.