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Amer Sports Oyj (AGPDY.PK)

AGPDY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Amer Sports signs EUR 200 mln amendment and restatement agreement
Tuesday, 21 Nov 2017 10:00am EST 

Nov 21 (Reuters) - AMER SPORTS OYJ ::‍AMER SPORTS SIGNED A EUR 200 MILLION AMENDMENT AND RESTATEMENT AGREEMENT TO 2014 REVOLVING CREDIT FACILITY​.‍FACILITY OF EUR 200 MILLION REPLACING PREVIOUS RCF IS MEANT FOR GENERAL CORPORATE PURPOSES​.‍FACILITY HAS AN EXTENSION OPTION OF 1+1 YEARS​.‍COORDINATORS FOR TRANSACTION WERE OP CORPORATE BANK PLC AND CITIGROUP GLOBAL MARKETS LIMITED.​.  Full Article

Amer Sports to start repurchases of own shares
Thursday, 26 Oct 2017 07:00am EDT 

Oct 26 (Reuters) - AMER SPORTS OYJ ::REG-AMER SPORTS TO START REPURCHASES OF OWN SHARES.‍REPURCHASES WILL START AT EARLIEST ON OCTOBER 30, 2017 AND END ON MARCH 7, 2018 AT LATEST​.‍REPURCHASE AUTHORIZATION IS TO A MAXIMUM OF 10,000,000 OF COMPANY'S OWN SHARES.​.  Full Article

Amer Sports Q3 EBIT at EUR 74.7 mln
Thursday, 26 Oct 2017 06:00am EDT 

Oct 26 (Reuters) - AMER SPORTS OYJ ::2017 ‍NET SALES IN LOCAL CURRENCIES ARE EXPECTED TO INCREASE FROM 2016​.2017 ‍EBIT EXCLUDING. IAC IS EXPECTED TO BE APPROXIMATELY AT LEVEL OF 2016.​.Q3 NET SALES EUR ‍733.2​ MILLION (REUTERS POLL: EUR 767 MILLION).‍GROWTH IN 2017 IS EXPECTED TO BE BIASED TO SECOND HALF OF YEAR.​.‍OUTLOOK FOR 2017 UNCHANGED.​.Q3 EBIT EUR ‍74.7​ MILLION (REUTERS POLL: EUR 106 MILLION).  Full Article

Amer Sports updates its 2020 growth target
Wednesday, 30 Aug 2017 06:09am EDT 

Aug 30 (Reuters) - AMER SPORTS OYJ :REG-AMER SPORTS UPDATES ITS 2020 GROWTH TARGET, PRIORITIZING SUSTAINABLE PROFITABLE GROWTH.2017 OUTLOOK MAINTAINED.COMPANY TARGETS ANNUAL MID-SINGLE DIGIT ORGANIC, CURRENCY-NEUTRAL GROWTH INSTEAD OF PREVIOUS TARGET OF EUR 3.5 BILLION BY 2020.  Full Article

Amer Sports Q2 adjusted EBIT loss EUR 24.8 million, bigger than expected
Thursday, 27 Jul 2017 06:00am EDT 

July 27 (Reuters) - Amer Sports Oyj :Q2 NET SALES EUR ‍487.3​ MILLION (REUTERS POLL: EUR 499 MILLION).2017 NET SALES IN LOCAL CURRENCIES ARE EXPECTED TO INCREASE FROM 2016, DESPITE SHORT-TERM MARKET SOFTNESS.2017 EBIT EXCLUDING. IAC IS EXPECTED TO BE APPROXIMATELY AT LEVEL OF 2016.Q2 ADJUSTED. EBIT LOSS EUR ‍24.8​ MILLION (REUTERS POLL: LOSS EUR 13.6 MILLION).  Full Article

Amer Sports Q1 adjusted EBIT EUR 38.2 mln, slightly below expectations
Thursday, 27 Apr 2017 06:00am EDT 

April 27 (Reuters) - AMER SPORTS OYJ :Q1 NET SALES EUR 661.6 MILLION (REUTERS POLL: EUR 652 MILLION).Q1 ADJUSTED. EBIT EUR 38.2 MILLION (REUTERS POLL: EUR 39.0 MILLION).NET SALES IN LOCAL CURRENCIES EXPECTED TO INCREASE FROM 2016, DESPITE SHORT-TERM MARKET SOFTNESS.SAYS DID NOT DELIVER TARGET PERFORMANCE IN SPORTS INSTRUMENTS AND CYCLING.2017 EBIT EXCLUDING. IAC IS EXPECTED TO BE APPROXIMATELY AT LEVEL OF 2016..GROWTH IN 2017 IS EXPECTED TO BE BIASED TO SECOND HALF OF YEAR..CEO SAYS COMPANY CONTINUED TO ACCELERATE IN APPAREL, OWN RETAIL, E-COMMERCE, AND CHINA.CEO SAYS IT MADE STRONG PROGRESS IN WINTER SPORTS EQUIPMENT, AND STARTED TO REBOUND IN FITNESS.CCEO SAYS COMPANY CONTINUED TO GAIN MARKET SHARES IN SEVERAL CATEGORIES, MOST NOTABLY PERFORMANCE TENNIS.  Full Article

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

BRIEF-Amer Sports signs EUR 200 mln amendment and restatement agreement

* ‍AMER SPORTS SIGNED A EUR 200 MILLION AMENDMENT AND RESTATEMENT AGREEMENT TO 2014 REVOLVING CREDIT FACILITY​

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