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Amer Sports Corporation Financial Statements Bulletin 2015
Amer Sports Corporation
STOCK EXCHANGE RELEASE
February 3, 2016 at 1:00 pm
Amer Sports Corporation Financial Statements Bulletin 2015
In 2016, Amer Sports' net sales in local currencies are expected to increase and EBIT margin excluding non-recurring items is expected 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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We closed 2015 with a solid fourth quarter, and more importantly we completed our sixth consecutive year of profitable growth in line with our Sustainable Growth Model. The 2015 growth was broad-based and driven by our strategic acceleration priorities, as well as continuous improvement in our core business, most notably Ball Sports and Winter Sports Equipment. In Fitness and Cycling we focused on business model renewal and restructuring, and prepared a solid pipeline of building blocks for 2016 and beyond.
Whilst delivering another record year in 2015, we ramped up our efforts and investment to accelerate toward 2020 in line with our new strategic glidepath, further enabled by our improving cash flow and continuously strengthening balance sheet. We boosted our retail opening pipeline, fueled digital products and services, invested into Go to Market integration, and recruited critical talent. The increased operating and capital expenses, including acquisition related costs, were absorbed in our operational results without significant dilutive impact.
I'm pleased to confirm that the company is firmly on a sustainable growth path. Our strategies are working, and we execute with full speed, focusing on continuous improvement and renewal.
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 pm Finnish time. To participate in the conference call, please call +44 (0)20 3427 1921 or +49 (0)69 2222 10634 , confirmation code 4489338. The conference can also be followed live via www.amersports.com or http://edge.media-server.com/m/p/qwkj66yj . A replay of the conference call and a transcript will be available later at the same internet address. The replay number is +44 (0)20 3427 0598 or +49 (0)69 2222 2236 , passcode 4489338 # .
Amer Sports Annual General Meeting will be held on Tuesday, March 8, 2016 starting at 2:00 pm at Messukeskus, Expo and Convention Centre Helsinki, Messuaukio 1, 00520, Helsinki, Finland.
Amer Sports will publish its Q1/2016 interim report on Thursday, April 21, 2016 at approximately 1:00 pm 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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