HELSINKI Jan 28 Finnish sporting goods company
Amer Sports on Tuesday reported its quarterly
operating profit rose 38 percent from a year ago, helped by cost
cuts and stronger sales of high-margin products such as
Amer Sports, the maker of Wilson tennis rackets and Salomon
skis, said its fourth-quarter adjusted operating profit was 65
million euros ($89.million), up from 47 million euros a year
earlier and surpassing the market's average forecast of 62
million euros in a Reuters poll.
The company also said it expected its profit to increase
further this year. Shares in the company rose 5.1 percent to
14.50 euros after the announcement.
($1 = 0.7313 euros)
(Reporting By Jussi Rosendahl; Editing by Ritsuko Ando)