Amer Sports, Inc. ( (AS) ) has released its Q4 earnings. Here is a breakdown of the information Amer Sports, Inc. presented to its investors.
Amer Sports, Inc. is a global leader in the sports and outdoor industry, known for its premium brands such as Arc’teryx, Salomon, and Wilson, offering high-quality apparel, footwear, and equipment. The company operates in over 40 countries and is listed on the New York Stock Exchange.
Amer Sports reported a strong financial performance for the fourth quarter and fiscal year 2024, with revenue increasing by 23% to $1.6 billion in the fourth quarter and 18% to $5.2 billion for the full year. The company saw significant growth across all segments, particularly in Technical Apparel and Ball & Racquet Sports, alongside strong momentum in key regions like Greater China and North America.
Key financial highlights include a 33% increase in Technical Apparel revenue and a 22% rise in Ball & Racquet Sports revenue for the fourth quarter. The company’s operating profit surged by 224% to $194 million, and net income increased by 117% to $15 million. For the fiscal year, operating profit rose by 56% to $471 million, with net income reaching $73 million, a 135% increase.
Looking ahead, Amer Sports anticipates continued growth in 2025, with expected revenue growth of 13-15% despite potential foreign exchange challenges. The company is optimistic about its premium brand portfolio and market positioning, projecting strong performance in its Technical Apparel and Outdoor Performance segments.
Overall, Amer Sports is poised for another year of growth, driven by its strategic focus on premium brands and expanding market share in the sports and outdoor industry.