Amer Sports: sales are up, but so are net losses

wilsonIn the first six months of 2014, Amer Sports improved its net sales figures to €877.6 million, up from €870.2 million in the same period last year. The gross margin increased slightly by 0.3 percentage points to 43.9 percent. Earnings before interests and taxes (Ebit), excluding non-recurring effects worth €1.2 million, was down to €3.0 million compared with €7.7 million last year. Their net losses increased from €3.2 million last year to €10.9 million. These figures are as a result of a difficult first quarter in snow sports, and from political uncertainties in Russia and Argentina. In a new growth plan to be executed through 2020, Amer intends to enhance profitable growth in ball sports under the umbrella of the Wilson brand, which includes the halt of low-profitability sales and non-core product lines and related R&D as well as the restructuring of Wilson apparel and footwear.

1 Comment to “Amer Sports: sales are up, but so are net losses”

  1. No wonder that Wilson makes losses since they give away their balls with practically no margins and have retail partners who do the same…..

    by Jürgen Meyer – on 25. July 2014, 13:31

Leave a Reply

Your email address will not be published. Required fields are marked *