Mon, May 28, 2012, 7:15 PM EDT - U.S. Markets closed for Memorial Day

Summary Box: Warm winter hits Amer Sports 4Q

Wilson, Salomon owner Amer Sports in $41 million 4Q profit as sales fall on poor season start

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HELSINKI (AP) -- PROFIT FALLS: Global sports equipment maker Amer Sports Corp., whose brands include Atomic, Salomon and Wilson, saw fourth-quarter net profit fall 18 percent to €31.1 million ($41 million), partly because of a slow start to the winter season.

WINTER WOES: The Finnish company was hit by low demand in November and December because of warm weather in key markets, which also was expected to hurt 2012 pre-orders.

STRENGTH ELSEWHERE: During October through December, Amer's net sales fell 10 percent in the winter and outdoor sector, but were up 22 percent in fitness equipment and 2 percent in ball sports.

 

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