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Amer Sports Q2 loss narrows YOY


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Amer Sports Q2 loss narrows YOY

Amer Sports Corp. said its second-quarter normalized net income was a loss of 10 euro cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 12 cents per share.

The per-share loss decreased 23.4% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €11.5 million, compared with a loss of €15.9 million in the prior-year period.

The normalized profit margin climbed to negative 2.5% from negative 4.2% in the year-earlier period.

Total revenue rose 22.6% year over year to €461.1 million from €376.1 million, and total operating expenses climbed 19.4% on an annual basis to €470.1 million from €393.7 million.

Reported net income totaled a loss of €18.0 million, or a loss of 16 cents per share, compared to a loss of €19.1 million, or a loss of 16 cents per share, in the prior-year period.