Amer Sports see Q4 profit fall to $41 million

Sports equipment maker Amer Sports in $41 million Q4 profit as sales fall on poor season start

Associated Press

HELSINKI (AP) -- Global sports equipment maker Amer Sports Corp., whose brands include Atomic, Salomon and Wilson, says fourth-quarter net profit fell 18 percent to euro31.1 million ($41 million) due to a slow start to the winter season.

Revenue in the period was euro556.9 million ($730 million), down 5 percent from euro583.4 million a year earlier. Net profit in October through December in 2010 was euro38.1 million.

Chief executive Heikki Takala warned Tuesday that despite 2011 being a record year, the Finnish company faces because of a late winter and a "cloudy," global economical environment.

Amer Sports stock was up 2 percent at euro9.78 ($12.82) in Helsinki.

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Online:

Company site: http://www.amersports.com

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