Amer Sports: growth driven by textile and footwear
Amer Sports kicked off the year with a strong increase. In the first quarter of the year, total net sales for the Finnish sporting giant (Salomon, Arc’teryx, Wilson, Suunto, Atomic, Mavic, etc.) jumped up by 11% at constant exchange rates, reaching €635.5 million, with an income before interest and tax worth €39.7 million.
As for the outdoor division, which accounted for 59% of business, it grew by 11% too. The increase is attributable to the performance of textile and footwear products, which grew respectively by 19% and 16%. In this division, only the winter sport equipment and the cycling divisions posted a decrease in revenue.
The former declined by 6%, down to €43.4 million, and the latter by 2%, to nearly €40 million. The ball sports and fitness divisions' sales both increased, respectively by 14% to more than €186 million, and by 6% to €74.4 million.
For the entire year, the top management is aiming for growth both in revenue and in profitability. The group's strategic priorities are textiles and footwear, China, the USA, and the retail business, as well as digitalisation in the wide sense.
Copyright © 2024 FashionNetwork.com All rights reserved.
