Precor Shows Strength in Second Quarter for Amer Sports
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Net sales for Precor, Woodinville, WA, fell by 3 percent in second quarter 2011 compared to the same period last year, but that was a 9 percent increase in local currencies, according to financials released by the company last week. Second quarter net sales for the fitness division of Amer Sports, the parent company of Precor, was EUR45.9 million ($65.9 million) in the quarter compared to EUR47.1 million ($67.7 million) in second quarter 2010.
“Our fitness business continued to strengthen. Sales were up and profitability continued to improve,” Heikki Takala, president and CEO of Amer Sports, Helsinki, Finland, said in a press release.
Commercial business (clubs and institutions) sales increased by 11 percent in the second quarter. In the North American fitness market, the commercial business started to show some early signs of recovery during 2010, and the market continued to improve through the first half of 2011, according to the company.
Sales in the Americas in second quarter 2011 were EUR30.8 million ($44.2 million), which is down 2 percent from the EUR31.3 million ($45 million) in second quarter 2010, but it is a 14 percent increase in local currencies.
Amer Sports also owns the brands Atomic, Salomon and Wilson, among others.
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