Amer sales up in fourth quarter and full year

By Stephen Frothingham

HELSINKI (BRAIN) — Mavic’s owner, Amer Sports Corporation, is reporting net sales of 783.7 milion euros ($870 million) in the fourth quarter of 2015, up 6 percent in local currencies from its sales in the same period in 2014. Gross margins were up a bit, to 43.8 percent from 43.0 percent in the prior year.

In its initial financial statements bulletin, the company did not break out specific sales numbers for Mavic, but in an …read more

Via:: Bicycle Retailer and Industry News