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Amer improves and books stable ski sales

salomon_image Amer Sports saw its net sales increasing by 6 percent in local currencies compared to last year’s second quarter to €645.8 million. In the third quarter ended Sept. 30, its gross margin dipped by 0.3 percentage points to 44.7 percent, mainly due to the economic environment in Russia and lower margins for wintersports equipment. Earnings before interests and taxes (Ebit, excluding non-recurring items) improved to €87.6 million, up from €82.5 million last year.

The basically healthy development stems from a strategic focus on apparel and footwear (Salomon), fitness (Precor) and sports instruments (Suunto) as well as own retailing. Management added that sales of snowsports equipment (Atomic, Salomon) remained stable. Recently implemented restructuring in ball sports (Wilson) has also shown early improvements in earnings.

 

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