CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Mutual Funds Taxes Ask the Expert Money 101 Autos Loan Center Best Places to Live Ask the Expert Millionaires in the Making Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Personal Tech Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
BUSINESS 2.0:

Head of the Pack

With its high-performance head gear, Swedish startup Poc is winning over skiers at blazing speed.

By Bridget Finn, Business 2.0 Magazine

(Business 2.0 Magazine) -- When American Julia Mancuso won the gold medal in the super giant slalom at the 2006 Winter Olympics, Stefan Ytterborn may have been the only Swedish skier celebrating.

But he had a good reason: His startup, Poc, designed the high-tech helmets that Mancuso and three other U.S. skiers wore as they crossed the finish line.

Now the tiny Stockholm-based ski equipment maker is careening into the mainstream with its flagship product, the Skull Comp, considered the Porsche of ski helmets.

"Our goal was to have one World Cup skier using our products the first season," CEO Ytterborn says. "Instead, we got four Americans and the Swedish downhill ski team."

He founded Poc in 2003 with funding from several business partners and angel investors like Swedish World Cup skier Patrik Järbyn. The futuristic-looking Poc helmet hit the market last year but has already scored nearly $1 million in sales.

Ytterborn's timing couldn't be better: The ski helmet market is exploding. Revenue in the United States alone has almost doubled to $57 million since 1999, and the category is expected to maintain double-digit growth for the next several years.

Why? Because people actually want to be seen wearing them. "Helmets are no longer just a protection product," says Ed Wray, Eastern sales and marketing manager at SnowSports Industries America. "They're also a fashion product."

Not that Ytterborn has ignored the safety aspect. He met with doctors and neuroscientists to design a helmet that would best prevent head and spinal injuries.

This ski season, Poc helmets will be sold by as many as 450 retailers worldwide. Revenue will be eight times what it was last year, Ytterborn says, and if all goes as expected, the company should be profitable by 2008 and ring up at least $50 million in sales by 2012.

"We have a vision to become the No. 1 supplier of protection for skiers," he says. Looks like he's off to a flying start.

____________________________________

More from Business 2.0's December 2006 issue:

How to Succeed in 2007

Who's your Go Daddy?

LinkedIn: A MySpace for grownups

How Microsoft is taking the living room Top of page

To send a letter to the editor about this story, click here.

© 2008 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.