Amer Sports Corporation Reports Financial Results for the Fourth Quarter and Full Year to Dec. 2018; Provides Earnings Guidance for the Year 2019
February 07, 2019 at 06:00 am EST
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Amer Sports Corporation reported financial results for the fourth quarter and full year to Dec. 2018. For the quarter, net sales were 874.2 million against 786.0 million for the same period of last year. EBIT was 83.8 million against 92.7 million for the same period of last year. Net result was 51.0 million against 51.7 million for the same period of last year. Earnings per share excl. IAC, was 0.53 against 0.57 for the same period of last year. Earnings per share was 0.44 against 0.44 for the same period of last year.
For the year, net sales were 2,678.2 million against 2,574.6 million for the same period of last year. EBIT was 208.9 million against 169.5 million for the same period of last year. Net result was 124.9 million against 93.8 million for the same period of last year. Earnings per share excl. IAC, was 1.23 against 1.18 for the same period of last year. Earnings per share was 1.08 against 0.80 for the same period of last year.
The company provided earnings guidance for the year 2019. For the year, the company expected to be net sales in local currencies as well as EBIT excl. IAC are expected to increase from 2018. The company will prioritize sustainable, profitable growth, focusing on its strategic priorities in Apparel and Footwear, Direct to Consumer, China, and USA, whilst continuing its consumer-led transformation.
Amer Sports Corp is a Finland-based sporting goods company with internationally recognized brands including Salomon, Arcâteryx, Peak Performance, Atomic, Suunto and Wilson. The Companyâs offering of sports equipment include apparel, footwear, and accessories covers a wide range of sports, including tennis, badminton, golf, American football, soccer, baseball, basketball, alpine skiing, snowboarding, cross-country skiing, cycling, running, hiking, and diving.