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Amer Sports Q3 sales up 7%
01
Nov '13
Amer Sports announces Q3 result ending on September 30, 2013.

JULY-SEPTEMBER 2013

-Amer Sports achieved strong broad based net sales growth of 7% in local currencies, despite Winter Sport Equipment pre-order delivery peak shifting to Q4.  
-The reported growth was 1% due to currency fluctuations resulting to net sales of EUR 608.9 million (July-September 2012: EUR 601.9 million).
-Gross margin was 45.0% (45.3%).
-EBIT was EUR 82.5 million (81.3), representing 13.5% of sales (13.5%).
-Earnings per share were EUR 0.47 (0.47). 
-Net cash flow after investing activities was EUR -119.3 million (-78.1). 
-Outlook for 2013 unchanged.

JANUARY-SEPTEMBER 2013

-Net sales were EUR 1,479.1 million (January-September 2012: EUR 1,445.5 million). In local currencies, net sales increased by 6%.
-Gross margin was 44.3% (44.4%).
-EBIT was EUR 90.2 million (91.7). 
-Earnings per share were EUR 0.44 (0.43). 
-Net cash flow after investing activities was EUR -101.4 million (-24.9).
-Gearing was 79% (73%).

Heikki Takala, President said, "We continued our performance improvement in Q3 and delivered strong broad based growth, despite the challenging trading conditions and significant currency fluctuations. Our topline momentum was logically driven by solid double-digit growth in our strategic focus areas Apparel and Footwear, Emerging Markets, and Business to Consumers.

“The good momentum continued also in Suunto and Fitness which both grew at double-digit rate. Importantly, we also saw first signs of rebound in Team Sports behind a normalization of the baseball market inventory situation. In Winter Sports Equipment our delivery peak is later than last year, hence the slight decline in Q3. I'm overall pleased with our business progress. We stay the course and continue executing with confidence."

Amer Sports

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