Amer Sports: another group posts record figures for 2011
01/02/2012
Amer Sports recorded net sales of almost EUR 1.9 billion for the year, an increase of 9% on 2010, with earnings before tax of EUR 135.5 million, an increase of 26%.
Chief executive, Heikki Takala, said on announcing the figures that 2011 was a record year for the group. He commented: “Almost all of our business units and geographic regions are improving and we can see that the strategy announced in 2010 is proving to work. I continue to be especially pleased by the progress in softgoods, which in 2011 became our largest category, representing nearly 30% of the company sales. Equally, I’m delighted by the strong development in fitness, up by 17%, in cycling, up by 14%, and in team sports, up by 11%.”
He said he was optimistic about 2012, but anticipated some challenges. For example, he said the winter sports equipment market would be “challenging due to the slow start of the season in key markets”, and that the economical environment “remains cloudy”.
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