Amer Sports posts narrowing loss for 2023
Amer Sports, recently released its first post-listing financial report. Revenue reached $4.37 billion in 2023, up 23% YoY, with a gross profit margin of 52.1% and a narrowed net loss of $209 million. Regionally, revenue in the Asia-Pacific region (excluding Greater China) surged by 40% to $350 million; revenue in Greater China soared by 61% to $841 million; revenue in the Americas grew by 15% to $1.727 billion; and revenue in Europe, the Middle East, and Africa increased by 14% to $1.45 billion.