Amer Sports Projects Slower Sales Growth Amid Market Headwinds

Amer Sports anticipates reduced sales growth in 2025 after a strong 2024 performance, influenced by currency exchange rates and softer growth expectations. Despite challenges, notable sales from Salomon and Arc'teryx brands helped record significant revenue increases, especially in Asia. The company remains strategic about potential U.S. tariff impacts on specific regions.

Amer Sports forecasts lower sales growth for 2025 in the wake of a robust 2024, citing currency fluctuations as a factor. The company's revenue growth projection of 13-15% for the upcoming year fell short of analysts' expectations, marking a decline from the 18% growth recorded in 2024.

The group's shares, up approximately 120% since its New York listing, experienced a 3% dip in pre-market trading. CEO James Zheng highlighted that Arc'teryx's high-end waterproof jackets significantly contributed to a 23% rise in fourth-quarter sales, reaching $1.64 billion, with annual revenue standing at $5.18 billion.

Strong market performance was noted in Asia, with significant sales increases in Greater China and Asia Pacific, and a steady 15.1% growth in the Americas. CFO Andrew Page emphasized the firm's ability to manage tariff uncertainties, particularly concerning the U.S. and its trading partners, reinforcing resilience despite market challenges.