Reuters logo
Amer Sports misses expectations in Q1, shares fall
April 24, 2014 / 10:21 AM / in 3 years

Amer Sports misses expectations in Q1, shares fall

HELSINKI, April 24 (Reuters) - Finnish sporting goods company Amer Sports on Thursday reported its first-quarter operating profit fell 22 percent from a year ago as the warm weather hit winter-sport equipment sales.

Amer Sports, the maker of Wilson tennis rackets and Salomon skis, said its January-March quarter adjusted operating profit decreased to 20.6 million euros ($28.5 million), down from 26.4 million euros a year earlier and well below the market’s average forecast of 29 million euros in a Reuters poll.

The company repeated it expected its profit to increase this year.

Shares in the company fell 1.8 percent to 15.02 euros after the announcement. ($1 = 0.7231 Euros) (Reporting by Sakari Suoninen; Editing by Jussi Rosendahl)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below