Amer Sports posts 18 mln euro Q2 loss

Finland's Amer Sports reports 18 mln euro Q2 loss on sluggish sales in Europe

Associated Press

HELSINKI (AP) -- Amer Sports, the sports equipment maker behind the Atomic, Salomon and Wilson brands, says this year's cold spring put people off taking part in outdoor activities, resulting in an 18 million euros ($23.6 million) second-quarter net loss for the company.

The loss came despite a 9 percent rise in revenue to 377 million euros for the quarter, the company said Thursday.

Amer Sports Corp. CEO Heikki Takala said the result was satisfactory despite the weak economy in Western Europe, adding that the company could boast a 4 percent jump in pre-season orders for winter sports equipment.

The company says it expects the remainder of 2013 to remain challenging but stressed it expected to meet its 5 percent revenue growth target for 2013.

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