Salomon, Atomic announce slow quarter

By Published On: December 16th, 2008Comments Off on Salomon, Atomic announce slow quarter

Amer Sports, owner of Salomon, Atomic, Suunto and Arc’teryx, announced slow sales over the last two months. As a result, the company does not expect to reach its EBIT guidance of $108 – $121 million this year. Their full-year sales should be close to 2007’s numbers.Amer Sports, owner of Salomon, Atomic, Suunto and Arc’teryx, announced slow sales over the last two months. As a result, the company does not expect to reach its EBIT guidance of $108 – $121 million this year. Their full-year sales should be close to 2007’s numbers.

Despite relatively good snowfall, winter sports equipment orders to previous buyers are also lower than predicted. This shows that retailers are buying cautiously in a down turning market. To maintain climbing results for 2008, the company has completed efficiency improvements.

Amer Sports’ full 2008 results will be published Feb. 5, 2009.

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About the Author: Pete Rugh