Home / Knowledge / News / Apparel/Garments / Amer Sports Q3 sales up 7%
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

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search