Amer Sports Interim Report January-September 2018
“We delivered a solid quarter in line with our expectations, and we made broad-based progress across the portfolio with on-going acceleration in Winter Sports Equipment, Sports Instruments, and Ball Sports, whilst we also continued to pursue the distribution renewal in Footwear with adverse short-term impact but longer term improvement already in sight. Our strategic focus areas are delivering, with Softgoods accelerating thanks to Arc’teryx, which will deliver another year of double digit growth, and now Peak Performance, which gives us a further boost. Direct to Consumer remains on strong growth trajectory at high double digit growth, and building blocks are well in place for further acceleration, including significant enhancements in our mobile shopping and own retail expansion. Also progress in China is strong and we continue to ramp up our investment for on-going acceleration. Encouragingly, the US is now returning to a mid-single digit growth.
Early September, we hosted a Capital Markets Day where we reconfirmed our strategic framework and presented our portfolio considerations. Our long term strategies are proven, and we can expect continuous profitable growth and strong value creation, boosted by the business transformation towards areas of faster growth, higher profitability, and better asset efficiency. The vast majority of our businesses and priorities are working well, whilst we also have some areas where we intervene for the long term business health. We continue to drive our sustainable growth model.”
– Heikki Takala, President and CEO
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