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Amer Sports Oyj (AMEAS.HE)

AMEAS.HE on Helsinki Stock Exchange

21 Apr 2017
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€-0.37 (-1.70%)
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Latest Key Developments (Source: Significant Developments)

Amer Sports appoints Bruno Sälzer as new Chairman
Thursday, 9 Mar 2017 10:55am EST 

Amer Sports Oyj :Board of directors appointed Bruno Sälzer as new Chairman.  Full Article

Amer Sports to start repurchases of own shares
Monday, 13 Feb 2017 07:00am EST 

Amer Sports Oyj : Amer Sports to start repurchases of own shares . Amount to be acquired is maximum of 10 million shares .Repurchases will start at earliest on Feb. 13, 2017 and end on Sept. 7, 2017 at latest.  Full Article

Amer Sports Q4 EBIT adjusted at EUR 81.3 million, below consensus
Thursday, 9 Feb 2017 06:00am EST 

Amer Sports Oyj : Q4 net sales 772.4 million euros ($825.9 million) (Reuters poll: 811 million euros) . Q4 EBIT adjusted 81.3 million euros (Reuters poll: 89.9 million euros) . Proposes capital repayment of 0.62 euro per share (dividend 0.55) . Reuters poll expected dividend of EUR 0.62 euro per share . In 2017 net sales in local currencies are expected to increase from 2016, despite short-term market softness . Says growth is expected to be biased to second half of year . Due to the challenging market conditions, Amer Sports paces its short-term growth and expands the on-going cost restructuring program initiated in August 2016 .Objective is to reduce operating expenses worth about 100 EBIT margin basis points in coming 24 months.  Full Article

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

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