December 27, 2017 / 9:37 AM / in 2 months

BRIEF-Amer Sports: US Tax Rate Reduction To Have A Positive Impact On Effective Tax Rate

Dec 27 (Reuters) - Amer Sports Oyj:

* ESTIMATES THAT US FEDERAL TAX RATE REDUCTION WILL HAVE A POSITIVE IMPACT ON GROUP EFFECTIVE TAX RATE

* WILL HAVE A POSITIVE IMPACT ON GROUP‘S EFFECTIVE TAX RATE AND CASH TAXES FROM 2018 ONWARDS

* VALUE OF COMPANY‘S NET DEFERRED TAX ASSETS IS EXPECTED TO BE REDUCED BY ABOUT USD 13 MILLION DUE TO FEDERAL TAX RATE CHANGE

* REDUCTION WILL BE RECORDED AS A WRITE-DOWN OF DEFERRED TAX ASSETS IN INCOME TAX LINE IN 2017 FINANCIAL STATEMENTS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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