The sporting goods group Amer Sports Inc., based in Finland, was able to exceed its own expectations in the 2024 financial year thanks to a strong final quarter. For the current year, the parent company forecasts further growth of brands such as Arc’Teryx, Salomon, Wilson and Peak Performance on Tuesday.
Last year, the group turnover reached a height of $ 5.18 billion (4.94 billion euros). He rose 18 percent compared to 2023. Adjusted to change course changes, the proceeds grew by 19 percent.
In China, sales increase by almost 54 percent
Last but not least, the surprisingly clear plus owes strong growth in the Arc’Teryx brand and the above -average development in Asia. In Großchina, revenues rose by $ 1.30 billion by $ 53.7 percent, and in the other markets of the Asian-Pacific area they grew by 45.5 percent to $ 512.8 million.
In the EMEA region, which includes Europe, the Middle East and Africa, sales increased by 3.8 percent to $ 1.51 billion, in America it increased by 6.5 percent to 1.86 billion US Dollar.
The group returns to the profit zone
In addition to the strong sales plus, a higher gross margin ensured that operating profit increase by $ 470.8 million. Adjusted for special effects, he grew by 33 percent to $ 577 million. The bottom line was a net profit of $ 72.6 million due to the shareholders (69.2 million euros) after the group had a corresponding loss of $ 208.6 million in the previous year.
The decisive factor for the strong annual results was not least the successful final quarter, in which the group sales of 23 percent (currency-adjusted +24 percent) increase to $ 1.64 billion and the operational profit with $ 193.6 million more than three times like this was high as in the corresponding period of the previous year.
Management is now predicting further growth for 2025. A sales increase of 13 to 15 percent is expected. The diluted profit per share, which was adjusted for special effects, is to be increased to $ 0.64 to $ 0.69 last year.