Precor notches 5% gain in Q1 revenue for parent Amer Sports; commercial sales up, consumer down

Amer Sports’ fitness segment, which mostly includes its Precor Fitness brand, reported a 5 percent gain to EUR 59.7 million ($79.2 million) for the first quarter 2012. The positive results came from the commercial side of the business, versus a decline in consumer sales.
Author:
Publish date:

Amer Sports’ fitness segment, which mostly includes its Precor Fitness brand, reported a 5 percent gain to EUR 59.7 million ($79.2 million) for the first quarter 2012.

The positive results from Precor continued to stem from a rise in the brand’s commercial business with a 3 percent gain in local currencies, while its consumer sales dipped 7 percent. Sales were strongest in Europe and Africa, where revenue rose by 19 percent. Sales were up 5 percent in the Americas and down 16 percent in the Asia Pacific region.

Precor’s first-quarter results fell in-between revenue reports from fellow fitness equipment brands on Wall Street: Cybex increased sales 20 percent and Brunswick’s Life Fitness and Hammer Strength group edged up sales less than 1 percent.

Amer’s overall first-quarter 2012 revenue and profit increased 9 percent each to EUR 489.8 ($649.4 million) and EUR 18.7 million ($24.8 million), respectively.

The company saw its biggest gain from its Winter and Outdoor segment, which rose 10 percent due to higher apparel, footwear and cycling sales, offsetting a decline in its winter equipment business. Amer’s ball sports segment, including the Wilson brand, rose 9 percent in revenue for the quarter.

--David Clucas

Related

Precor-parent Amer Group wraps '02 year

At its annual meeting, at a financial presentation in Europe and in the company's 2002 financial report just out, Amer Group -- official parent of Precor since Nov. 1 -- has said operating profit continued to grow last year, but that net sales were similar to the previous year. ...read more