Under Armour: record turnover ($4.98bn) but drop in profitability and net loss ($48.3m) in 2017

Under Armour achieved a turnover of $4.9765bn (€4.14bn as of 31/12/2017) for the 2017 fiscal year, up 3.1% from 2016 ($4.8253bn / €4.58bn on 31/12/2016), announced the American sports equipment manufacturer on 13/02/2018. This is a record turnover for Under Armour, a company founded in 1996.

The figure makes Under Armour the world's third-largest sports equipment manufacturer, behind Nike ($34.35bn/€30.5bn in revenue for the fiscal year ending on 31/05/2017) and adidas (€21.8bn expected for 2017), and ahead of Puma (€4.1359bn on 31/12/2017).

Apparel revenue was up 2% to $3.2871bn (€2.7382bn), or 66.1% of the total, but it was the licensing (+16.8%) and connected fitness equipment (+10.9%) categories which experienced the fastest progression in 12 months.

North America is Under Armour's largest commercial area, with $3.8bn (€3.16bn) of the turnover in 2017, or 76.4% of the group's sales; but it is in the Asia-Pacific zone (+61.4%) where the American brand is experiencing its strongest growth.

The group's operating profit amounted to $27.8m (€23.2m) on 31/12/2017, divided by 15…