Home / Knowledge / News / Apparel/Garments / Amer Sports Q2 net sales remain stable
Amer Sports Q2 net sales remain stable
28
Jul '14
Amer Sports Corporation reports interim results from January-June 2014 and second quarter results from April - June 2014.
 
April-June 2014
Net sales totaled EUR 376.1 million (April-June 2013: EUR 377.2 million). In local currencies, net sales increased by 4%. Double-digit growth in Apparel, Footwear and Cycling, offset by a minor decline in Ball Sports mainly due to continuous clean-up of unprofitable sales. Gross margin 43.9% (43.6%). EBIT excluding non-recurring items was EUR -17.6 million (-18.7). Non-recurring items were EUR -1.2 million (0) and were related to Ball Sports.
 
Earnings per share were EUR -0.16 (-0.16). Net cash flow after investing activities EUR -38.7 million (-50.0). Pre-orders in Winter Sports Equipment declined by 4% indicating market share increases. Outlook for 2014 unchanged.
 
January-June 2014
Net sales were EUR 877.6 million (January-June 2013: EUR 870.2 million). In local currencies, net sales increased by 5%. Gross margin 44.1% (43.9%). EBIT excluding non-recurring items was EUR 3.0 million (7.7). Non-recurring items were EUR -1.2 million (0). Earnings per share EUR -0.09 (-0.03). Net cash flow after investing activities EUR 5.5 million (17.9).
 
Outlook For 2014
Amer Sports expects global trading conditions to remain challenging, with some regional improvements. In 2014, Amer Sports' net sales growth in local currencies is expected to meet at minimum the company's long-term annual 5% growth target and EBIT excluding non-recurring items to improve from 2013. The company will continue to focus on the growth of Apparel and Footwear, consumer-driven product and marketing innovation, commercial expansion and operational excellence.
 
Heikki Takala, President and CEO, "The second quarter is typically a low sales quarter for Amer Sports, nevertheless we continued to deliver a solid 4% currency neutral growth, driven by Apparel and Footwear, Business to Consumer, China as well as Cycling and Fitness. We continued to define and execute a new strategy for Ball Sports, with the objective to first improve the gross margins and then re-ignite profitable growth. In this context, we discontinued some unprofitable Wilson product lines, and this affected our Ball Sports sales.
 
"The trading conditions have continued to be quite challenging, partially due to the Winter Sports Equipment market being cautious and due to the political uncertainties especially in Russia and Argentina. However, we continue to have strong momentum in the majority of the businesses, with significant further acceleration opportunities especially in Apparel and Footwear, Business to Consumer, emerging markets, and increasingly in digital products and services. To capitalize on these acceleration opportunities faster, and to speed up the Ball Sports turnaround, we will start the next phase of our restructuring as announced.
 

Amer Sports Corporation


Must ReadView All

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Casper raises total funding of $240 million

Casper, the global sleep company launched three years ago has...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search