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Amer Sports beats market forecasts on apparel sales
October 25, 2012 / 10:16 AM / 5 years ago

Amer Sports beats market forecasts on apparel sales

HELSINKI, Oct 25 (Reuters) - Finnish sporting goods group Amer Sports 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)

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