Amer Sports Inc. has reported its financial results for the first quarter of 2025, showcasing significant growth across various segments. The company's revenue increased by 23% to $1.473 billion compared to the same period in 2024, with constant currency growth reaching 26%. Segment-wise, Technical Apparel saw a 28% rise in revenue to $664 million, reflecting a 32% increase on a constant currency basis. Outdoor Performance revenue increased by 25% to $502 million, or 29% on a constant currency basis. The Ball & Racquet Sports segment grew by 12% to $306 million, achieving a 13% growth in constant currency terms. Amer Sports also reported a gross margin increase of 350 basis points to 57.8%, with the adjusted gross margin reaching 58.0%. Operating profit saw a substantial rise of 97% to $214 million, while the adjusted operating profit increased by 79% to $232 million. The company has raised its revenue and earnings expectations for the full year of 2025, assuming the current tariffs remain in effect. Amer Sports anticipates reported revenue growth of 16-18% for the second quarter of 2025, underlining the continued strong momentum in its key brands and segments.
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