Amer Group is today holding its Capital Markets Day in Altenmarkt, Austria.
Amer Group's CEO, Mr Roger Talermo, will update attendees
from the investment community about the current outlook for the sporting goods industry. Industry growth has been slow in recent years
but Amer Group believes that the industry's growth rate will pick up again in the future.
Amer Group expects that it will be challenging to achieve rapid
organic growth against this background, but the Group's healthy
balance sheet and strong operating cashflow will enable it
to continue its development of the business.
Across the Group's divisions, sales of fitness equipment grew in January-February in
line with expectations and also the Team Sports
Division continued its good performance. In the golf equipment
market, competition continues to be tough and as the new Northern
Hemisphere golf season approaches, the Golf Division's
sales have started more slowly than last year. The Racquet Sports Division's
sales are slightly behind the level of 2002.
The strong euro, especially against the US dollar, has had a
negative impact on the Group's growth rates in the first quarter of 2003.
Overall, the Group's first quarter net sales and operating profit
are estimated to remain similar to 2002's levels. However, as stated
on 6 February 2003, at the time of its 2002 results announcement,
Amer Group's net sales and operating profit are expected to grow in
2003 as a whole. The Group's operations are balanced by its presence
in all key markets and its broad portfolio of sports.
Mr Talermo's presentation can be downloaded from the Group's website
at www.amersports.com under Investor Relations / Documents.
Amer Group's CEO, Mr Roger Talermo, will update attendees
from the investment community about the current outlook for the sporting goods industry. Industry growth has been slow in recent years
but Amer Group believes that the industry's growth rate will pick up again in the future.
Amer Group expects that it will be challenging to achieve rapid
organic growth against this background, but the Group's healthy
balance sheet and strong operating cashflow will enable it
to continue its development of the business.
Across the Group's divisions, sales of fitness equipment grew in January-February in
line with expectations and also the Team Sports
Division continued its good performance. In the golf equipment
market, competition continues to be tough and as the new Northern
Hemisphere golf season approaches, the Golf Division's
sales have started more slowly than last year. The Racquet Sports Division's
sales are slightly behind the level of 2002.
The strong euro, especially against the US dollar, has had a
negative impact on the Group's growth rates in the first quarter of 2003.
Overall, the Group's first quarter net sales and operating profit
are estimated to remain similar to 2002's levels. However, as stated
on 6 February 2003, at the time of its 2002 results announcement,
Amer Group's net sales and operating profit are expected to grow in
2003 as a whole. The Group's operations are balanced by its presence
in all key markets and its broad portfolio of sports.
Mr Talermo's presentation can be downloaded from the Group's website
at www.amersports.com under Investor Relations / Documents.