Amer Sports news and archive

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...

Business

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...

Business

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...

Business

Amer Sports names new CEO of outdoor brand Arc’teryx

Amer Sports Corporation has appointed retail industry executive Stuart Haselden to the newly-created role of CEO at outerwear apparel and equipment brand Arc’teryx. In this new position, Haselden will lead the global business strategy with a focus on building new vertical capabilities and accelerating regional expansion, Amer Sports said...

Business

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...

Business

Anta-led Chinese consortium acquiring Amer Sports for 5.2 billion dollars

Amer Sports Corporation has confirmed a public cash tender to acquire the entire stake in the company’s business by a Chinese investor consortium led by Anta Sports Products Limited. The consortium has offered price under the tender offer of 40 euros in cash per Amer Sports share. Anta had, on September 12 made an all-cash offer to acquire Amer...

Business

Amer Sports Q3 net sales rise 5 percent

Third quarter net sales, Amer Sports said, were 1,804.0 million euros, 5 percent rise in local currencies, while organic growth was 3 percent. Gross margin was 46.1 percent compared to 45.4 percent. EBIT excluding IAC for the quarter was 134.5 million euros against 116.3 million euros. Earnings per share excluding IAC were 0.70 euros against...

Business

Amer Sports confirms acquisition offer from Anta

Following recent media speculations, Amer Sports Corporation has confirmed receiving a non-binding preliminary indication of interest from a consortium comprising Anta Sports Products Limited and the Asian private equity firm FountainVest Partners to acquire the entire share capital of Amer Sports for cash consideration. However, the company...

Business

Amer Sports puts Mavic under review as it updates strategy

Amer Sports Corporation has announced that it is updating the company's strategy focusing on continued profitable growth and prioritising acceleration in softgoods, business to consumer, China, United States, and digitalisation. As a part of its growth strategy, the company will focus on integration of the acquired Peak Performance business,...

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Amer Sports: Q2 sales in local currencies up 2 percent

Amer Sports’ net sales in April-June quarter were 483 million euros (565.6 million dollars) compared to 495.8 million euros (580.7 million dollars). In local currencies, the company said, net sales increased by 2 percent. Gross margin for the quarter was 44.1 percent and EBIT excluding IAC was negative 25.5 million euros (29.8 million dollars)...

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IC Group sells Peak Performance for 1.9 billion Danish krone

The board of directors of IC Group has announced that the company has completed the process of selling Peak Performance to Amer Sports Corporation at 1.9 billion Danish krone. Commenting on the completion of deal with Amer Sports, the Chairman of the IC Group board of directors Peter Thorsen said in a media statement: "It has been a long and...