Finnish athletic apparel leader Amer Sports announced fiscal year 2025 with exciting results, reporting first-quarter revenue of US $ 1,473 million, up 23 per cent year-over-year (YoY). The company’s technical apparel division drove growth with a 28 per cent rise to US $ 664 million (32 per cent on a constant currency basis), while outdoor performance revenue rose 25 per cent to US $ 502 million, or 29 per cent when adjusted for currency fluctuations.
CEO James Zheng credited the significant performance to major brands such as Arc’teryx and Salomon footwear, which are capturing traction in the international sports and outdoor markets, adding that the positive momentum from Q1 is carrying into the second quarter.
Despite relentless uncertainty surrounding US import tariffs, Amer Sports remains confident in managing risks on account of strong pricing power, a diversified brand portfolio, and limited exposure to US revenues. The company also reported a 350 basis-point increase to 57.8 per cent , while operating profit rose 97 per cent to US $ 214 million.
Even though the current tariffs are expected to stick around until 2025, Amer Sports believes their profitability will only take a slight hit thanks to some smart moves like adjusting their supply chain and tweaking prices, as shared by CFO Andrew Page. Because of this, even with some challenges in the global market, the company has actually raised its expectations for full-year revenue and earnings per share, looking forward to even more growth.
Amer Sports is looking to tackle most of the cost pressures from tariffs by renegotiating with vendors and staying flexible in its operations. This strategy aims to boost its competitiveness in the high-end technical apparel market.
