Preliminary data hints at further growth for Anta in Q1
Sports group Anta has not yet released official results for the first quarter of 2023, but it has issued a business update that points to further growth.
Anta reported full-year revenues of $7.8 billion for 2022, which represented growth of 8.8% year on year.
In the new update, it has now said sales for the Anta brand for the first quarter indicate “mid-single digit growth”, while its Fila brand is likely to have achieved “high-single digit growth” compared to the same quarter in 2022.
It added that growth in terms of retail value for “other brands” is much higher, suggesting that it will be between 75% and 80%. In the update, the group made it clear that “other brands” here does not include Amer Sports, but it does include Descente and Kolon Sport.
“This announcement is based on the board’s preliminary review of unaudited operational data and the information currently available,” the group said. “The information contained in this announcement may be subject to change and adjustment.”
