Amer Sports is currently under offer to a recent cash tender. However that has not stopped them posting strong Q4.2018 results with net sales in local currencies up by 10% compared to a year ago with 2018 being 7% up on 2017 on the same basis. CEO Takala said “Growth was strongest in apparel (+41%),…
It looks like Amer Sports is extremely close to being sold. This includes the Suunto brand, amongst other brands. The buyer is Mascot Bidco O, a consortium comprising: ANTA Sports, FV Fund, Anamered Investments and Tencent. An offer price for remaining shares of EUR 40.00/share looks to have been accepted by Amer Sports. This is…
Amer Sports has just released Q1-Q3 financials. Amer’s brands are; Salomon, Arc’teryx, Peak Performance, Atomic, Mavic, ENVE, Suunto, Wilson and Precor. Source: amersports 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…
It looks like Suunto is up for sale. More specifically ANTA Sportswear Products & FountainVest, both of China, have expressed an interest to buy at least part of the parent company AMER SPORTS. Source: NADAQ Helsinki. An offer of Eur40/share seems to be on the table. That is a notable premium above the current…
