Amer Sports FY2024 Revenue Up 18% Year-Over-Year

On February 25, Amer Sports, a subsidiary of Anta Group and home to brands like Arc'teryx and Salomon, released its financial results for the 2024 fiscal year and fourth quarter.

In FY2024, Amer Sports achieved a solid 18% year-over-year growth in revenue, reaching $5.183 billion. Gross margin increased by 290 basis points to 55.4%, while operating profit surged 56% to $471 million. Net profit for the year was $73 million, a 135% year-over-year increase.

Q4 was particularly impressive, with revenue growing by 23% year-over-year to $1.636 billion, and net profit rising 117% to $15 million.<