Amer Sports FY sales grows 32% on Salomon acquisition
15 Feb '06
3 min read
"Racquet Sports also broke all its previous earnings records. Its net sales rose by 7 percent to €225.4 million. Wilson's sales of tennis rackets were up 9 percent. Wilson's share of the global tennis racket market was 37 percent.
"In the Golf Division, net sales declined by 4 percent. Tough competition on the global golf equipment market continued. In December, the Golf Division kicked off the realignment of its global organization to increase operational efficiency and lower costs. We will continue to develop our golf business and keep bringing attractive products to market.
"Wilson's organization was realigned, with all its business units brought under single management.
"Atomic's net sales rose by 4 percent to €214.0 million. Atomic was the global brand leader in alpine skis. A total of 873,000 pairs of alpine skis were delivered in 2005. Atomic's share of the world's alpine ski market was about 19 percent.
"Sports Instruments' net sales were down 7 percent to €72.0 million. Suunto implemented an organizational change and new management stepped in.
"Amer Sports has established a sourcing initiative in Asia for all its brands. By consolidating operations, the Group seeks synergies in purchasing and efficiency in the management of the supply chain process.
"Amer Sports is now the market leader by a good margin in the world of sporting goods equipment. We have now reached this important target that we set for ourselves a few years ago. New, more ambitious targets must now be put forward. However, before we do that, Salomon must be integrated into Amer Sports."
Helsinki-based Amer Sports Corporation is the world's leading sports equipment companies with its internationally recognized brands Wilson, Atomic, Suunto, Precor and Salomon. All Amer Sports companies develop and manufacture technically advanced products that improve the performance of active sports participants.
Amer Sports' business is balanced by its broad portfolio of sports and presence in all major markets.
marketing@alchempro.com
