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Amer Sports Corporation Interim Report January-June 2015
Amer Sports Corporation
STOCK EXCHANGE RELEASE
July 29, 2015 at 1:00 pm
Amer Sports Corporation Interim Report January-June 2015
In 2015, Amer Sports net sales in local currencies is expected to increase and EBIT margin excluding non-recurring items to improve from 2014, despite challenging market conditions. The company will continue to focus on apparel and footwear growth, consumer-driven product and marketing innovation, commercial expansion and operational excellence.
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We continued to deliver broad-based organic growth in the second quarter, driven by our strategic growth areas. We also continued to drive profit improvement especially in Ball Sports where our mix kept shifting toward higher margin items such as performance tennis rackets showing strong topline momentum. The 2014 restructuring has contributed positively to Ball Sports which is significantly healthier today than before.
On top of driving organic growth, we have this year concluded the acquisition of Louisville Slugger for Baseball acceleration, and Sports Tracker for building a scalable Amer Sports online sports service. In addition, we just acquired Queenax, a functional training systems provider, to close a gap in our Fitness offering vs an important consumer trend. These acquisitions follow our strategic priorities, providing us platforms for further acceleration. Acceleration continues to be the name of the game, as we see our strategies working as planned and we can continue to execute with confidence.
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 1906 (UK/international dial-in number), confirmation code . The conference can also be followed live via http://edge.media-server.com/m/p/eepbmgv2 . A replay of the conference call and a transcript will be available later. The replay number is +44 (0)20 3427 0598, passcode
CAPITAL MARKETS DAY
Amer Sports is hosting a Capital Markets Day for analysts and portfolio managers in Helsinki on August 27 and in London on September 7.
Amer Sports will publish its Q3/2015 results bulletin on Thursday, October 22, 2015 at approximately 1:00 pm Finnish time.
Subscribe to Amer Sports Investor Relations Newsletter at www.amersports.com/investors/subscribe .
DISTRIBUTION
NASDAQ OMX 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