HELSINKI, July 24 Finnish sporting goods maker
Amer Sports on Thursday reported quarterly results in
line with expectations and said it was planning to restructure
its businesses to boost growth.
The company said underlying operating loss in its seasonally
slow second quarter was 18 million euros ($24 million), compared
to 19 million euros a year earlier and matching analysts'
average expectation in Reuters poll.
It said it would book non-recurring costs of around 60
million euros in the second half of the year due to
restructuring moves aimed at driving faster growth.
Amer Sports, the maker of Wilson tennis rackets and Salomon
skis, repeated it expected its full-year adjusted operating
profit to improve from 155 million euros in 2013.
Shares in the company were up 0.8 percent after the results.
($1 = 0.7422 Euros)
(Reporting By Jussi Rosendahl; Editing by Sakari Suoninen)