Amer Sports, Inc. (AS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Earlier this morning, we announced our financial results for the quarter ended March 31st, 2025, and the release can be found on our IR website, investors.omersports.com. A quick reminder to everyone that today's call will contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements reflect our current expectations and beliefs only, and are subject to certain risks and uncertainties that could cause actual results to differ materially. Please see the safe harbor statement in our earnings release and SEC filings. We will also discuss certain non-IFRS financial measures. Please refer to our earnings release for important information regarding such non-IFRS financial measures, including reconciliations to the most comparable IFRS financial measures. We'll begin with prepared remarks from our CEO, James Zang, and CFO, Andrew Page, followed by a Q&A session until approximately 9 a.m. Eastern. James will cover key operational and brand highlights, and Andrew will provide a financial review at both the group and segment level, and also walk through our guidance for the second quarter and full year 25. Our Terex CEO, Stuart Hazelden, will also join for the Q&A session. With that, I'll turn the call over to James. Thanks, Omar. AMR Sports began 2025 with a great performance in the first quarter, delivering sales adjusted margin and EPS well above expectations. We generate 23% sales close or 26% ex-currency. and we also expanded our adjusted operating margin by nearly 500 basis points. Our performance was led by strong growth and profitability in both technical apparel and outdoor performance, as well as solid sales and margin results in ball and racket. In addition to the continued broad-based strength from our flagshi...