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Amer/Salomon 2005: Sales Up, Profit Down

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HELSINKI, Finland (Feb 15)- Finish Amer Sports, the new parent company of Salomon, announced a 2005 net sales increase of 32 % up to € 1.36 billion. While net sales were up, earnings before taxes (EBIT) dropped 18 % down to € 82.3 million. The income drop is rooted in the takeover of Salomon, parent […]

HELSINKI, Finland (Feb 15)- Finish Amer Sports, the new parent company of Salomon, announced a 2005 net sales increase of 32 % up to € 1.36 billion. While net sales were up, earnings before taxes (EBIT) dropped 18 % down to € 82.3 million.

The income drop is rooted in the takeover of Salomon, parent company of Mavic-Adidas Cycling. End of 2005 Amer Sports, parent company of Atomic (wintersports), Precor (fitness equipment), Suunto (sports instruments) and Wilson (teamsports/tennis/golf), invested a total of € 52.8 in reorganization.

Amer Sports’ net sales 2005 without Salomon grew by 7%, while the bicycle component manufacturer Mavic continued to enjoy good sales, up 10%in 2005.

For 2006 Amer Sports expects – including Salomon – total net sales of €1.8 billion. Earnings per share are forecasted to come in at € 0.90 to 1.05. Furthermore the Finish sporting goods giant has “established a sourcing initiative in Asia for all its brands. By consolidating operations, the group seeks synergies in purchasing and efficiency in the management of the supply chain process”. (JB)

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