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Amer Sports Oyj (AGPDY.PK)

AGPDY.PK on OTC Markets Group

13.40USD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Amer Sports confirms 2020 financial targets, raising organic growth goal
Wednesday, 31 Aug 2016 06:00am EDT 

Amer Sports Oyj : Confirms its 2020 financial targets, raising organic growth goal . Now targets to reach 3.5 billion euros ($3.90 billion) organically, instead of through combination of organic growth and acquisitions, as announced in 2015 . Will start targeted restructuring to free up operating expenses of about 20 million euros, which will be reallocated to fund acceleration . Restructuring will be implemented by end of 2017 . Restructuring expenses will be 20 million - 25 million euros recognized in H2 2016 and H1 2017 . Cash flow impact will be about 20 million euros .Financial targets set in 2015 include net sales of at least 3.5 billion euros with minimum mid-single digit organic, currency-neutral annual growth and annual EBIT growth (excl. items affecting comparability) ahead of net sales growth.  Full Article

Amer Sports Q2 adjusted EBIT loss EUR 12.1 million; misses expectations
Thursday, 28 Jul 2016 06:00am EDT 

Amer Sports Oyj : Q2 net sales 477.4 million euros ($529.6 million) (Reuters poll: 492 million euros) . Q2 adjusted EBIT loss 12.1 million euros (Reuters poll: loss 6.91 million euros) . Outlook for 2016 unchanged . 2016 net sales in local currencies are expected to increase .2016 EBIT margin excluding items affecting comparability to improve from 2015,despite challenging market conditions.  Full Article

Amer Sports Oyj completes acquisition of ENVE
Tuesday, 8 Mar 2016 12:01pm EST 

Amer Sports Oyj:Says has completed acquisition of ENVE Composites LLC announced on Feb. 22, 2016.ENVE is a fast-growing brand in high-end carbon wheels, components, and accessories for road and mountain biking with annual sales of about $30 million.Acquisition price is $50 million in an all-cash transaction.  Full Article

Amer Sports acquires biking brand ENVE
Monday, 22 Feb 2016 10:45am EST 

Amer Sports Oyj:Says has acquired ENVE Composites LLC, based in Utah, USA.Acquisition price is $50 million in an all-cash transaction.Says acquisition will have no material impact on Amer Sports' 2016 financial results.Expects closing of the acquisition to take place in Q1 2016.ENVE is a brand in carbon wheels, components, and accessories for road and mountain biking.  Full Article

Amer Sports gives FY 2016 guidance, proposes dividend for FY 2015
Wednesday, 3 Feb 2016 06:00am EST 

Amer Sports Oyj:Proposes dividend for FY 2015 of ‍0.55 euro per share.Sees FY 2016 ‍net sales in local currencies to increase​.Sees FY 2016 ‍EBIT margin excluding non-recurring items to improve from FY 2015​.  Full Article

Amer Sports outlook for FY 2015 unchanged
Thursday, 22 Oct 2015 06:00am EDT 

Amer Sports Oyj:Outlook for FY 2015 unchanged.In FY 2015 net sales in local currencies is expected to increase and EBIT margin ex. items to improve from FY 2014.Reported net sales of 2.23 billion euros.FY 2015 2.55 billion euros-Thomson Reuters I/B/E/S.  Full Article

Amer Sports signs deal with Mad Dogg Athletics, expands into indoor cycling
Thursday, 3 Sep 2015 08:00am EDT 

Amer Sports Oyj:Amer Sports' Fitness business unit Precor is partnering with Mad Dogg Athletics, Inc., the creator of the Spinning indoor cycling program and Spinner line of bikes, to launch a new line of Spinner indoor cycling equipment in 2016.Under exclusive multi-year global agreement, two companies will co-develop a new range of indoor cycling equipment, and precor will assume manufacturing and distribution of new range of products, including future marketing and education programs.  Full Article

Amer Sports issues a private placement bond with a total value of EUR 100 million
Wednesday, 2 Sep 2015 09:00am EDT 

Amer Sports Oyj:Amer Sports issues a private placement bond with a total value of 100 million euros.Fixed rate bond has a maturity of seven years.Pohjola markets acts as bookrunner for transaction.  Full Article

Amer Sports sets financial targets and accelerated glidepath toward FY 2020
Wednesday, 26 Aug 2015 06:01am EDT 

Amer Sports Oyj:Announces new financial targets and a new accelerated glidepath toward FY 2020.Targets include net sales of at least 3.5 billion euros with minimum mid-single digit organic, currency-neutral annual growth toward FY 2020.Targets include annual EBIT growth (excluding. non-recurring items) ahead of net sales growth toward FY 2020.  Full Article

Amer Sports issues Schuldschein loan agreements of $55 million
Monday, 10 Aug 2015 06:30am EDT 

Amer Sports Oyj:Issues Schuldschein loan agreements with a total value of $55 million.Loans have floating rate tranches and loan periods are 5 and 5.5 years.  Full Article

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