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.