Amer Sports news and archive

Parent company Arc’teryx and Peak Performance raises annual expectations after positive Q1

Amer Sports, Inc. had a strong first quarter. The Finnish sports group saw significant growth in both revenue and net income, according to the published quarterly figures. Due to the strong results, Amer Sports, Inc. decided to raise its expectations for the full financial year. Amer Sports, Inc. is the parent company of the brands Arc’teryx,...

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Amer Sports exceeds 2024 expectations and forecasts further growth

Finland-based sporting goods group Amer Sports Inc. exceeded its own expectations in fiscal year 2024 thanks to a strong final quarter. The parent company of brands such as Arc’teryx, Salomon, Wilson, and Peak Performance forecast further growth on Tuesday for the current year. Last year, the group's revenue reached 5.18 billion dollars, an 18...

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Salomon names Guillaume Meyzenq as president and CEO

Amer Sports, Inc., which owns sports and outdoor brands, including Arc’teryx, Peak Performance and Wilson, has appointed Guillaume Meyzenq as the new president and chief executive for French outdoor and sports brand Salomon. Meyzenq, who is currently chief product officer for Salomon, will take up his new role effective January 1, 2025, and...

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Amer Sports raises forecast on strong Q3 growth

For the third quarter, Amer Sports reported a revenue increase to 1,354 million dollars, up 17 percent on both a reported and constant currency basis. “The third quarter was very strong for Amer Sports Group across all brands and geographies. We are executing against our largest growth opportunities in Arc'teryx and Salomon footwear, while our...

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Amer Sports reports strong Q2, updates forecast

For the second quarter, Amer Sports revenue increased 16 percent to 994 million dollars or increased 18 percent on a constant currency basis. Net loss decreased 98 percent to 4 million dollars or negative 1 cent diluted loss per share and adjusted net income increased 129 percent to 25 million dollars or 5 cents diluted earnings per share. "Our...

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Peak Performance to open first UK store in London

Scandinavian outdoor brand Peak Performance, owned by Amer Sports, has confirmed it will open its first-ever store in the UK later this year as part of its global expansion plans. Peak Performance has selected Covent Garden in London for its debut UK store, following in the footsteps of its sister brand, Canadian high-performance outdoorwear...

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Technical apparel segment boosts Amer Sports Q1 revenues

For the first quarter, Amer Sports revenue increased 13 percent to 1.2 billion dollars led by a 44 percent increase in the technical apparel segment. On a constant currency basis, revenue increased 14 percent. Commenting on the trading results, Amer Sports CEO James Zheng said: “Our transformation to a brand-direct business model four years ago...

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Arc’teryx leads the way in Amer Sports’ Q4 results

Amer Sports, the parent company of Salomon, Arc’teryx and Wilson, has published its financials for the fourth quarter of 2023, as well as for the full fiscal year, with its technical apparel segment leading the charge among its wide-scoping portfolio. For the fourth quarter, revenue increased 10 percent to 1.315 billion dollars, representing an...

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Amer Sports’ IPO falls below target

Amer Sports, the owner of Arc’teryx, Wilson and Salomon, has raised 1.3 billion dollars in its NYSE initial public offering (IPO), falling short of its target with 100 million shares priced at 13 dollars each. This came far below the expectations of the company, which initially forecasted the IPO price to be between 16 and 18 dollars per share...

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Amer Sports, Wilson and Arc’teryx owner, files for US IPO

Sports conglomerate Amer Sports has officially filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) amid efforts to bolster funding to pay back debts. The group, which owns the likes of Arc’teryx, Salomon and tennis racket manufacturer Wilson, appointed Goldman Sachs & Co., BofA Securities, J.P. Morgan and Morgan...

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Amer Sports, owner of Salomon and Arc'teryx, files for IPO

Global sports conglomerate Amer Sports has initiated the process for an Initial Public Offering (IPO). Headquartered in the United States, Amer Sports operates a diverse portfolio that includes renowned brands such as Arc'Teryx, Salomon, Peak Performance, and Wilson, a leading name in tennis equipment. While unofficial sources have hinted at a...

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Amer Sports reports strong Q4 and full year results

For its fourth quarter, Amer Sports reported net sales of 874.2 million euros (990.8 million dollars), 10 percent rise in local currencies and 5 percent organic growth. The company said, EBIT excluding IAC was 96.7 million euros compared to 98.1 million euros same quarter last year. Earnings per share excluding IAC were 0.53 euro compared to...