Global sporting giant Amer Sports Corp – owner of brands such as Mavic, Salomon and Suunto – notes that its ‘full-year outlook is clouded by uncertainty in consumer demand in general.’
While its winter sports equipment business is seeing pre-orders for next season holding firm, in Amer Sports’ other businesses, profitability in 2009 is affected by challenging market conditions. This is particularly the case in the US and for the fitness segment.
The company feels that unless market conditions start to improve materially during the rest of the year, the current view is that operating profit for full-year 2009 will be below last year’s level.
Also this week, Amer Sports announced a reorganised management model by creating one group-wide Amer Sports management team. The purpose of the new Executive Board is to strengthen the development and consistent execution of Amer Sports’ corporate strategy across all business areas and regions, driving group integration, common goals and the group’s overall performance.
The following new members have been appointed to the Executive Board: Jean-Marc Pambet, President of Apparel and Footwear, Bernard Millaud, President of Cycling and Terhi Heikkinen, Senior Vice President Human Resources. Due to the change, the Amer Sports Executive Team will cease to exist.
Amer Sports publishes its Q2 results on 6 August 2009.
