Amer Sports forecasts lower sales growth for 2025 in the wake of a robust 2024, citing currency fluctuations as a factor. The company’s revenue growth projection of 13-15% for the upcoming year fell short of analysts’ expectations, marking a decline from the 18% growth recorded in 2024.
The group’s shares, up approximately 120% since its New York listing, experienced a 3% dip in pre-market trading. CEO James Zheng highlighted that Arc’teryx’s high-end waterproof jackets significantly contributed to a 23% rise in fourth-quarter sales, reaching $1.64 billion, with annual revenue standing at $5.18 billion.
Strong market performance was noted in Asia, with significant sales increases in Greater China and Asia Pacific, and a steady 15.1% growth in the Americas. CFO Andrew Page emphasized the firm’s ability to manage tariff uncertainties, particularly concerning the U.S. and its trading partners, reinforcing resilience despite market challenges.
(With inputs from agencies.)
