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Amer Sports Half Year Financial Report January-June 2016
Amer Sports Corporation
STOCK EXCHANGE RELEASE
July 28, 2016 at 1:00 p.m.
Amer Sports Half Year Financial Report January-June 2016
In 2016, Amer Sports net sales in local currencies are expected to increase and EBIT margin excluding items affecting comparability to improve from 2015, despite challenging market conditions. The company will focus on growing the core business and accelerating in five prioritized areas: Apparel and Footwear, US, China, Business to Consumer, as well as digitally connected devices and services.
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The second quarter is traditionally our smallest, however we delivered a solid 6% growth despite short-term adverse business impact due to US customer disruptions, which impacted especially Ball Sports. During the quarter we executed a significant distribution center expansion in both the US and EMEA, and moved Arc'teryx into a larger production facility in Canada. These changes added short-term CAPEX and OPEX, however they support our mid/long-term growth.
Our outlook for the year remains positive, supported by robust pre-orders in most businesses, with the exception of Winter Sports Equipment where we expect a modest decline following the challenging previous winters. Our initiative pipeline for the Fall/Winter season is stronger than ever with strong joint business plans with our retail partners, continuous B2C expansion, and a robust innovation rollout across the brands.
Heikki Takala, President and CEO, tel. +358 20 712 2510
Jussi Siitonen, CFO, tel. +358 20 712 2511
Päivi Antola, Director, Corporate Communications and IR, tel. +358 20 712 2537
An English-language conference call for investors and analysts will be held at 3:00 p.m. Finnish time. To participate in the conference call, please call +44(0)20 3427 1918 or +49(0)69 2222 10622, passcode 1763874. The conference can also be followed live via http://edge.media-server.com/m/p/oi4d7gfc . A replay of the conference call and a transcript will be available later. The replay number is +44(0)20 3427 0598 or +49(0)69 2222 2236, passcode 1763874 .
CAPITAL MARKETS DAY
Amer Sports is hosting a Capital Markets Day for analysts and institutional investors in Helsinki on September 1, 2016.
Amer Sports will publish its Q3/2016 results bulletin on Thursday, October 20, 2016 at approximately 1:00 p.m. Finnish time.
Subscribe to Amer Sports Investor Relations Newsletter at www.amersports.com/investors/subscribe .
DISTRIBUTION
Nasdaq Helsinki, main media, www.amersports.com
AMER SPORTS
Amer Sports (www.amersports.com) is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc'teryx, Mavic, Suunto, and Precor. The company's technically advanced sports equipment, footwear, and apparel improve performance and increase the enjoyment of sports and outdoor activities. The Group's business is balanced by its broad portfolio of sports and products and a presence in all major markets. Amer Sports shares are listed on the Nasdaq Helsinki stock exchange (AMEAS).
Copyright GlobeNewswire
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Regulatory News
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: %s via Globenewswire