Record Sales and Margin Expansion
Amer Sports achieved record sales with 23% growth in Q4 and an 18% growth for the year, reaching $5.2 billion. The adjusted operating margin expanded by more than 300 basis points in Q4 and 130 basis points for the year to 11.1%, setting new records for the company.
Strong Performance Across Key Brands
Arc’teryx achieved over $2 billion in sales in 2024 with a 29% omni-comp growth in Q4. Salomon sneakers surpassed $1 billion in sales in 2024, and Wilson returned to the number one U.S. market share in Performance Racquets.
Growth in Greater China and APAC
Greater China and APAC delivered strong growth with 54% and 52% increases respectively in Q4. The company opened numerous new stores in these regions, contributing significantly to the revenue.
Significant Cash Flow and Debt Reduction
Amer Sports generated $425 million in operating cash flow for 2024 and reduced net debt to $600 million by year-end, significantly lowering its leverage.