Amer Sports Rockets Ahead: 30% Q3 Revenue Surge and $160 Million in Profits

Amer Sports continues to add merits for a record year. The Finnish company, owner of brands such as Arc’teryx, Salomon, Wilson and Atomic, has boosted both its turnover and profit in the third quarter of the year, which ended on September 30, in line with what it did in the first half of the year.

Specifically, its turnover in the first quarter was $1.75 billion, 30% more than in the same period last year, when it had a turnover of $1.35 billion. Profit more than doubled from $56.2 million in the first quarter of 2024 to $146.4 million in the same period of the current year.

In the first nine months of the year, the trend was similar. Revenues rose by 25.9% to $4,465.1 million and profit increased fivefold, from $61.3 million in the first nine months of last year to $306.9 million in the same period this year.

By market, the Americas posted the highest turnover in the first quarter, with $574.2 million, 18% more than in the same period of 2024. It was closely followed by the Emea region (Europe, Middle East and Africa), with a turnover of $528.5 million, up 23%.

The Asian continent was a major contributor to Amer Sports’ growth in the first nine months of the year

However, it is the Asian continent that has made a particular contribution to growth: China posted sales of $461.5 million, 47% more than in the third quarter of 2024. The Asia-Pacific region increased sales by 54% to $192.1 million.

For the first nine months of the year, sales in the Americas increased by 13% to $1,43 billion. In China, it increased by 44%, to $1.31 billion, and in Asia Pacific, by 49%, to $503.5 million. In Emea, the increase was 18%, to $1.20 billion.

By year, wholesale accounted for 59% of sales, while direct-to-consumer accounted for the remaining 41% in the third quarter. Although own sales still account for a smaller share, they grew by 51%, compared with an 18% increase in wholesale. This phenomenon was also reflected in the first nine months of the year.

In the third quarter, the outdoor division (where Salomon is included) increased its turnover by 36% to $723.5 million. In the first nine months of the year, it increased by 32% to $1.63 billion, once again leading as the fastest-growing category.

Technical apparel also increased its turnover by 31% in the third quarter, to $683.3 million, and by 28% in the first nine months of the year, to $1.85 billion. Finally, in racquet sports, where it operates through Wilson, Amer Sports increased sales by 16% in the third quarter, to $349.5 million, and by 13% in the first nine months of the year, to $969.5 million.

Although the company does not disclose results by chain, CEO James Zheng pointed to “extraordinary growth in Salomon footwear” and “a revival in Arc’teryx sales”, as well as “solid growth in Wilson Tennis 360”.

In the same vein, CFO Andrew Page said that “Salomon footwear continues to drive a strong second quarter of growth,“ as well as Arc’teryx’s performance. In fact, the company has raised its full-year forecast to nearly 15% annual sales growth.