Salomon Analysis
Amer (parent of Salomon) Analysis
The financial data below represents Amer Sports (parent company of Salomon). Segment data includes Salomon's performance where available.
Q4 & FY 2024 Results
Released: February 25, 2025For the quarter and year ended December 31, 2024
Q4 Revenue
$ 1.6B(ZAR 30.3B)
+23% YoY
Q4 Gross Margin
56.1%+370 bps YoY
Q4 Operating Profit
$ 194M(ZAR 3,589M)
+224% YoY
Quarterly Revenue Trend
Q4 2024 Segment Performance ($M)
Technical Apparel (includes Salomon) grew 33% | Outdoor Performance grew 13%
Geographic Growth (YoY %)
Full Year 2024 Results
Revenue
$ 5.2B(ZAR 95.9B)
+17.8% YoY
Gross Margin
55.4%
Significant improvement
Operating Profit
$ 471M(ZAR 8,713.5M)
+56% YoY
Net Income
$ 236M(ZAR 4,366M)
Significant increase
Additional Highlights
- Adjusted Operating Margin expanded to 13.6% in Q4 and 11.1% for full year
- Technical Apparel segment (includes Salomon) revenue rose 33% in Q4
- Strong momentum across all geographic regions
- Capital management: Strong free cash flow enabled significant debt reduction
2025 Outlook
Next Results: May 20, 2025Guidance for fiscal year 2025
Q1 2025 Revenue Growth
14-16%
Expected YoY
FY 2025 Revenue Growth
13-15%
Expected YoY
FY 2025 Gross Margin
56.5-57.0%
Expected
Segment Outlook
- Technical Apparel: ~20% growth expected with operating margin around 21%
- Outdoor Performance: Continued strong performance expected
- Salomon: Expected to be a key growth driver within Technical Apparel segment
Strategic Focus
- Operating margin: Expected to reach 11.0-12.0% for full year
- Geographic expansion: Continued momentum in all regions
- Omni-channel growth: Focus on premium technical products
- Capital allocation: Continued debt reduction and investment in growth