Amer Sports, Inc. ( (AS) ) has shared an announcement.
Amer Sports Inc. reported a strong financial performance for the fourth quarter and fiscal year 2024, with a 23% increase in revenue to $1.6 billion in Q4 and an 18% rise to $5.183 billion for the year. The company saw significant growth across its segments, particularly in Technical Apparel and Ball & Racquet Sports, and achieved substantial margin expansions. The results reflect the company’s strategic positioning and market share gains, driven by brands like Arc’teryx and Salomon. The successful capital raise and debt reduction further strengthen its financial position, setting a positive outlook for 2025 despite potential foreign exchange challenges.
More about Amer Sports, Inc.
Amer Sports is a global group known for its iconic sports and outdoor brands such as Arc’teryx, Salomon, and Wilson. The company specializes in apparel, footwear, and equipment, focusing on innovation and performance. With a presence in over 40 countries and products sold in more than 100 countries, Amer Sports aims to be a leader in premium sports and outdoor brands.
YTD Price Performance: -0.87%
Average Trading Volume: 3,050,398
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $15.63B
For an in-depth examination of AS stock, go to TipRanks’ Stock Analysis page.