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Reuters
Published
Feb 1, 2012
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Amer Sports Q4 weak but outlook upbeat

By
Reuters
Published
Feb 1, 2012

Jan 31 - Finnish sporting goods group Amer Sports reported lower-than-expected fourth quarter operating profit and sales, but forecast sales growth in 2012 on strong apparel and footwear orders.


Atomic brand by Amer Sports

October-December operating profit decreased 4 percent to 46.3 million euros ($60.7 million), the owner of the Wilson and Atomic brands said on Tuesday, below an average forecast of 49 million euros in a Reuters poll.

Amer forecast full-year 2012 sales to grow year-on-year. Warm weather at the start of the winter season is likely to hurt pre-orders, but apparel and pre-orders are up by double digits, it said.

(Reporting By Eero Vassinen)

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