Amer Sports reports January – June financial results
Between January and June, Finland-based sporting goods corporation Amer Sports’ net sales grew 4% to €739.2 million compared with €689.9 million in the same period in 2005.
Net sales by business segment were as follows: Salomon, 27%,
The split of net sales by market area were as follows: the
Net sales of Salomon’s winter sports equipment rose by 8% in local currency terms. Net sales of apparel and footwear grew by 11% in local currency terms. The good trend in sales of outdoor footwear was boosted by the new Soft Shell technology. The net sales of the bicycle component manufacturer Mavic grew by 9% in local currency terms.
Precor’s net sales were up 12% in local currency terms. Total growth in the market for home fitness equipment levelled off. However, demand for elliptical trainers has remained solid.
Atomic’s net sales declined by 16% in local currencies. Estimating from the level of pre-orders, it is expected that the sales of alpine boots and crosscountry skiing equipment will increase in the 2006/07 season.
Suunto’s net sales remained on a par with the corresponding period of the previous year in local currencies. Sales of Suunto’s diving instruments increased by 11% during the review period although sales of diving and water sports suits declined.
In the April to June period, the Group’s net sales were up 5% in local currency terms and amounted to €321.8 million compared with €304.9 in 2005. In local currency terms, Salomon’s sales rose by 6%,
Full the full year, the company’s net sales are expected to be €1.8 billion compared with €1,732 million last year.