Arc'teryx owner Amer Sports sees sales growth slowing this year

Amer Sports

25/02/2025 11:59

By Helen Reid
       LONDON, Feb 25 (Reuters) - Sportswear group Amer Sports
 AS.N  sees lower sales growth this year after a strong 2024,
the company said on Tuesday as it reported fourth-quarter
results boosted by its expensive Arc'teryx brand.
    The Salomon, Arc'teryx and Wilson owner, which listed in New
York in February last year, said exchange rates would weigh
slightly on its 2025 results. Its revenue growth outlook of
13-15% for 2025 was weaker than analysts expected, and a decline
from 18% growth in 2024.
    Amer Sports shares, which have gained around 120% since
listing, fell 3% in pre-market trading. 
    CEO James Zheng said growth at Arc'teryx, which sells
jackets priced at $350 and upwards, helped boost fourth-quarter
sales which grew 23% from a year ago, to $1.64 billion. Amer
Sports' revenue for the year was $5.18 billion.
    Amer Sports saw strong growth in Asia, with quarterly sales
up 53.9% in Greater China and 52.4% in Asia Pacific, while the
Americas, its biggest region by revenue, grew 15.1%. 

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
AMER SPORTS    https://tmsnrt.rs/3XcT32c
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Reporting by Helen Reid;Editing by Kirsten Donovan)
 ((Helen.Reid@thomsonreuters.com; +44 7584 155 200 ;))