Amer Sports stated that their full-year outlook is “clouded by the uncertainty in consumer demand in general.” The company said that pre-season orders in winter sports equipment for fall/winter are roughly flat to last year's level, a result that reflects what they see as market share gains in Europe.
However, the companys other businesses, which include Wilson Sports, Precor and Suunto, will be profitable in 2009 and will be “affected by the challenging market conditions.”
The company called out the U.S. market and the Fitness segment in particular as challenging segments. Unless market conditions start to improve materially during the rest of the year, Amer Sports said their current view is that the operating profit for the full-year 2009 will be below last year's level.
