Footwear and apparel boost for Amer Sports in Q3
Finland-based sports footwear, apparel and equipment company Amer Sports has reported slightly higher sales for its third quarter ended September 30.
Sales for the quarter totalled €608.9 million compared with €601.9 million during the same period last year, a 1% rise.
Amer Sports president Heikki Takala said: "We continued our performance improvement in Q3 and delivered strong broad based growth, despite the challenging trading conditions and significant currency fluctuations.
“Our top line momentum was logically driven by solid double-digit growth in our strategic focus areas: apparel and footwear, emerging markets, and business to consumers.
“The good momentum continued also in Suunto and fitness, which both grew at double-digit rate. Importantly, we also saw first signs of rebound in team sports behind a normalisation of the baseball market inventory situation. In winter sports equipment our delivery peak is later than last year, hence the slight decline in Q3.
“I'm overall pleased with our business progress. We stay the course and continue executing with confidence."
