Amer Sports reports some growth - sportstextiles: Lea SportsTextiles

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Amer Sports reports some growth

28/07/2014
Finnish group Amer Sports, the parent company of outdoor brands such as Arc’Teryx, Salomon and Wilson, has reported revenues of €877.6 million for the first half of 2014, an increase of 5% year on year. Profits before tax were up from €382 million in the first half of last year to €387.3 million this time around.

Chief executive, Heikki Takala, said on announcing the results: “The second quarter is typically a low sales quarter for Amer Sports, nevertheless we continued to deliver solid growth, driven by apparel and footwear, business to consumer and China, as well as cycling and fitness. We continued to define and execute a new strategy for ball sports, with the objective to first improve the gross margins and then re-ignite profitable growth. In this context, we discontinued some unprofitable Wilson product lines, and this affected our ball sports sales.”




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