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Article: Amer Sports Q3 profit falls 12 percent
- Article from:
- AP Worldstream
- Article date:
- October 29, 2009
- Author:
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Sports equipment maker Amer Sports Corp., whose brands include Atomic, Salomon and Wilson, said Thursday that third-quarter net profit fell 12 percent mainly because of weak sales in North America.
Net profit of ⁈illion ($42.6 million) compared with ⁈lion a year earlier, the Finland-based company said. Revenue also fell in the July to September period, by 5 percent to ⁈million, from ⁈llion in 2008.
The company gave a weak outlook and said it will continue cost-cutting measures.
"We do not anticipate a quick recovery of the sporting goods market, even if trading conditions would start to improve next year," CEO Roger Talermo said. ...