Amer Sports has just released Q1-Q3 financials.
Amer’s brands are; Salomon, Arc’teryx, Peak Performance, Atomic, Mavic, ENVE, Suunto, Wilson and Precor.
- Net sales totalled EUR 757.2 million for Q3. In local currencies, net sales increased by 9%. Organic growth was 3%
- For the YTD (Q1-Q3) the sales picture was similar
- Earnings (excl IAC – see link above) for Q1-Q3 were down to EUR108.5 from EUR187.8 (Q1-Q3.2017)
- Re MAVIC/ENVE – Note: “On 5th September, as part of the strategy update, Amer Sports announced a decision to place its Cycling business under strategic review.”
- No mention was made of ongoing talks about the sale of Amer Sports.