Wednesday, February 1, 2012

Summary Box: Warm winter hits Amer Sports 4Q (AP)

HELSINKI ? PROFIT FALLS: Global sports equipment maker Amer Sports Corp., whose brands include Atomic, Salomon and Wilson, saw fourth-quarter net profit fall 18 percent to euro31.1 million ($41 million), partly because of a slow start to the winter season.

WINTER WOES: The Finnish company was hit by low demand in November and December because of warm weather in key markets, which also was expected to hurt 2012 pre-orders.

STRENGTH ELSEWHERE: During October through December, Amer's net sales fell 10 percent in the winter and outdoor sector, but were up 22 percent in fitness equipment and 2 percent in ball sports.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20120131/ap_on_bi_ge/eu_finland_earns_amer_sports_summary_box

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