Amer Sports could see a “challenging” fourth quarter as economic problems from the United States spill over into Europe, a senior company official said. “There are signs of weakening macro economy also in Europe. The fourth quarter could be rather challenging,” said Pekka Paalanne, according to Reuters.

The owner of the Atomic, Wilson and Salomon brands last month reported a loss in the April-June quarter and cut its full-year profit forecast, citing a weak market in the United States.

“The clearest impact from the U.S. macro economy is on our Precor home fitness equipment sales. In other sectors signs of weaker consumer demand are still quite small, also in the United States,” Paalanne said.