Amer Sports Is The Most Eye-Catching Chinese Market In The Third Quarter.

As of the third quarter of September 30, 2016, it owns Salomon, Arc'teryx, Wilson and so on. brand Of Finland outdoor Group Amer Sports released the 2016 third quarter report. The group has net sales of 736 million 800 thousand euros, and in the United States. market Compared with the weak performance, the Chinese market and EMEA (Europe, Middle East and Africa) are still the most eye-catching areas in the Amer Sports market.

2016 the financial highlights of the third quarter (2016.07-09) Amer Sports are as follows:

Net sales amounted to 736 million 800 thousand euros (the same period in 2015: 713 million 700 thousand euros), a 4 percentage point increase at fixed exchange rate, 4 percentage points of organic net sales year-on-year, 48% gross profit margin (same period in 2015: 47), and a pre tax profit of 106 million 500 thousand euro excluding IAC (2015: the same period: 103 million 500 thousand euros); outdoor product business sales amounted to 505 million 700 thousand euro, an increase of 6.1% over the previous year, accounting for about 68.6% of the group's total sales. The cash flow is 66 million 900 thousand euros (the same period in 2015: -9220 million euros).

No change is expected in 2016.

In the Amer group, sales of outdoor products increased by 6.1% to 550 million 500 thousand euros compared with the fixed rate of 6% over the same period: the sales of outdoor shoes increased by 144 million 600 thousand US dollars, up 2 percentage points (fixed exchange rate 4%), the sales of clothing products were 146 million 300 thousand euros, and the local currency increased by 8 percentage points over the same period last year. The driving force mainly came from the contribution of Arc teryx brand; the sales of winter sports equipment reached 140 million 500 thousand euros; the sales of cycling products were 34 million 300 thousand euros, a slight increase of 3 percentage points compared with the same period last year; the sports equipment performance was outstanding, and the euro area was 3 Euro in the fiscal season, which was up by a percentage point from the same period last year.

Geographically, EMEA sales grew 4.8% to 334 million 700 thousand euros, 7% higher than the fixed exchange rate, and the North American market remained weak, with an increase of only 0.9% to 304 million 700 thousand euros (1% of the fixed exchange rate). Amer said that the bankruptcy of many sports retail chains in the United States this year had a certain impact on its sales.

2016 the financial highlights of the first three quarter (2016.01-09) Amer Sports are as follows:

Net sales amounted to about 1 billion 850 million euros (the first three quarters of 2015: 1 billion 751 million euros), a 7 percentage point increase at fixed exchange rates, 6 percentage points of organic net sales year-on-year, 46.9% gross profit margins (same period in 2015: 45.9%), and a pre tax profit of 140 million 400 thousand euros excluding IAC (2015: same time: 128 million 100 thousand euros); outdoor product sales amounted to 505 million 700 thousand euros, an increase of 6.1% over the previous year, accounting for about 20% of the total sales volume of the group. The cash flow is 88 million 400 thousand euros (the same period in 2015: -3770 million euros).

Amer Sports is the world's top sports equipment brand management group company, founded in Helsinki, capital of Finland in 1950, has been providing the world's most advanced sports technology products for professional athletes and amateur sports enthusiasts. In 1977, NASDAQ OMX was listed on the NASDAQ Nordic market. Currently its brand covers tennis, badminton, golf, alpine skiing, cross-country skiing, skateboarding, fitness equipment, bicycles, cross-country running equipment, hiking equipment and diving, and many other sports. Its brands include Arc'teryx, Salomon Group, Atomic Skis, Mavic, Precor USA, Suunto, and USA. It has been launched in thirty countries around the world, with more than 7000 employees worldwide. In 2015, 2015 achieved net sales of 2 billion 534 million 400 thousand euros in the year. Under fixed exchange rate conditions, it increased 6 percentage points over the previous year's 645 million 800 thousand euros, excluding the acquisition factors, and net sales increased 5 percentage points year-on-year.

In the summer of 2015, Amer Sports's two outdoor clothing brands, Nikita and Bonfire, were sold to Singapore's GRNPtd investment group.

At the beginning of March 2016, Amer Sports announced that it bought the old brand ENVE of Utah, US $50 million, and completed the spanaction soon.

In 2016, the Amer Sports Group expects net sales to grow further under the fixed exchange rate, and the pre tax profit (excluding non recurrent items) will be further improved in 2015.