Amer Sports Capital Markets Day 2014: Accelerating for the future

Amer Sports Corporation STOCK EXCHANGE RELEASE August 28, 2014 at 8.30 am Amer Sports is today hosting a Capital Markets Day in Helsinki, Finland. The Company will present the plans for delivering against the mid-term financial targets including how to re-ignite profitable growth in Ball Sports. Further, the Company will present acceleration programs towards 2020...

Amer Sports Corporation                                                 

 

STOCK EXCHANGE RELEASE

August 28, 2014 at 8.30 am

 

 

Amer Sports is today hosting a Capital Markets Day in Helsinki, Finland. The Company will present the plans for delivering against the mid-term financial targets including how to re-ignite profitable growth in Ball Sports. Further, the Company will present acceleration programs towards 2020. In the Capital Markets Day, Amer Sports will reconfirm both the outlook for 2014 and the Company's mid-term financial targets.

 

"We are improving and our strategy is working. Now we continue to renew ourselves for long-term acceleration", says Heikki Takala, President and CEO of Amer Sports. "We have good momentum in our Core Equipment Categories, and significant further acceleration opportunities especially in Apparel and Footwear, Business to Consumer, commercial expansion, and increasingly in digital products and services.

 

Outlook for 2014:

Amer Sports expects global trading conditions to remain challenging, with some regional improvements. In 2014, Amer Sports' net sales growth in local currencies is expected to meet at minimum the company's long-term annual 5% growth target and EBIT excluding non-recurring items to improve from 2013. The company will continue to focus on the growth of Apparel and Footwear, consumer-driven product and marketing innovation, commercial expansion and operational excellence.

 

Amer Sports' financial targets:

• Growth: Delivering organic, currency-neutral annual growth of 5%.
• Profitability: EBIT of at least 10% of net sales.
• Cash flow: Annual free cash flow equal to net profit.
• Balance sheet structure: Year-end Net Debt / EBITDA ratio of 3 or less.

 

Presentation materials of the CEO and CFO will be available at www.amersports.com in the Investors and media section at 9 am Finnish time.

 

 

For more information, please contact:

Päivi Antola, Director, Corporate Communications and IR

Tel. +358 207 122 537

 

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 OMX Helsinki stock exchange (AMEAS).

 

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