Amer Sports tops the €2.5 billion mark in 2015

By

Olivier Guyot

Published
Feb 4, 2016

Thanks to a very dynamic last quarter, worth nearly €784 million, Amer Sports generated an annual revenue of €2.534 billion in 2015.

For the Finnish group, owner of several sporting brands (Arc’Teryx, Salomon, Atomic, Suunto, Precor, Mavic and Wilson), this means a 5% increase compared to 2014, before exchange rate effects.

"Our growth in 2015 extends across all our various sectors, explained Heikki Takala, the group's CEO. It is the result of our strategic priorities, but also of our constant improvements in basic operations, especially in the ball sports and winter sport equipment categories."

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In addition to increasing revenue, the group has also improved its margins. Gross margin rose from 43.9% to 45.2%, and EBIT (comparable to gross operating income) grew from €114 million to €204 million. EBITDA was just below €122 million, compared to €55 million a year earlier.

The group expects to grow again in 2016, without mentioning a figure however, relying on its apparel and footwear segments, on the USA, China and on B2C activities (stores, e-commerce etc.).