Salomon owner Amer Sports reported a 16 percent increase in sales to USD 994 million in the second quarter, thanks to surging growth in Greater China and its Arc’teryx brand.
SEE ALSO: Salomon opens first Southeast Asia store in Singapore
The sporting goods giant, which also owns tennis brand Wilson, recorded a “top-tier performance” in Greater China, with sales climbing 54 percent to USD 289 million, alongside the Asia-Pacific region, which lifted 45 percent to USD 106 million.
By segment, technical apparel sales grew 34 percent to USD 407 million, while outdoor performance sales increased 11 percent to USD 304 million. Ball and racquet sports sales inched forward 1 percent to USD 283 million, said the Finnish firm.
Net loss narrowed 98 percent to USD 4 million, compared to a loss of USD 97 million in the prior-year quarter.
For the first half of the year, global Amer Sports sales grew 14 percent to USD 2.2 billion, thanks to a 52 percent surge in Greater China sales, and a 39 percent in Asia-Pacific revenues. The Helsinki-headquartered firm’s Americas and Europe, the Middle East and Africa regions were flat and up 1 percent, respectively, for the six months ending June 30.
“I am very pleased by our financial and operational performance in the second quarter of 2024. Our unique portfolio of premium technical brands is taking share in sports and outdoor markets all around the world,” said Amer Sports CEO, James Zheng.
“Led by our flagship Arc’teryx brand, we well exceeded our own high expectations on all key financial metrics, positioning us to deliver another strong year in 2024.”
Earlier this year, Amer Sports opened its first Salomon store in Southeast Asia, opting for Singapore to make its debut in the region.