Amer Sports beats market forecasts on apparel sales

HELSINKI Thu Oct 25, 2012 6:15am EDT

HELSINKI (Reuters) - Finnish sporting goods group Amer Sports (AMEAS.HE) reported a stronger-than-expected quarterly profit thanks to strong sales of its athletic apparel.

Shares in the company rose 7 percent it reported its third-quarter operating profit rose to 81 million euros from 74 million a year earlier, beating the market's average forecast of 70 million in a Reuters poll.

Apparel sales rose 27 percent while sales of sports watch brand Suunto rose 24 percent, it said.

(Reporting by Helsinki Newsroom)

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.