Amer Sports reports strong Q4 and full year results

For its fourth quarter, Amer Sports reported net sales of 874.2 million euros (990.8 million dollars), 10 percent rise in local currencies and 5 percent organic growth. The company said, EBIT excluding IAC was 96.7 million euros compared to 98.1 million euros same quarter last year. Earnings per share excluding IAC were 0.53 euro compared to 0.57 euros, while earnings per share remained flat at 0.44 euro.

Commenting on the company’s performance, Heikki Takala, President and CEO said in a statement: We closed the year 2018 with a solid Q4. In 2018, we delivered again record sales and profits as we closed the ninth consecutive year of profitable growth and broad-based improvement.”

For the full year to December 2018 Amer Sports reported net sales of 2,678.2 million euros (3,035.3 million dollars), up 7 percent in local currencies, with organic growth of 4 percent. EBIT excluding IAC reached 231.2 million euros compared to 214.4 million euros last year, 8.6 percent. Earnings per share excluding IAC were 1.23 euros compared to 1.18 euros, while earnings per share were 1.08 euros compared to 0.80 euros last year.

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