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Amer Sports Corporation Interim Report January-September 2014
Amer Sports Corporation
STOCK EXCHANGE RELEASE
October 23, 2014 at 1:00 pm
Amer Sports Corporation Interim Report January-September 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.
"We continued to deliver solid growth and improvement in Q3. The growth was driven by our strategic focus areas, primarily Apparel and Footwear and Business to Consumer, as well as continuous momentum in Fitness and Sports Instruments. Winter Sports Equipment deliveries were stable vs. previous year due to improved agility in our supply chain. In Ball Sports, we are executing the new turnaround strategy with early positive impact on EBIT, driven by our Gross Margin intervention to re-set the base for profitable future growth.
The trading conditions have continued to be challenging, with significant headwinds in Russia on top of the adverse impact of the previous mild winter. We continue to mitigate the challenges with good overall progress. We stay the course and continue executing with confidence."
An English-language conference call for investors and analysts will be held today at 3:00 pm Finnish time. To participate in the conference call, please call +44(0)20 3427 1910 (UK/international dial-in number) , confirmation code The conference can also be followed live at www.amersports.com or http://www.media-server.com/m/p/mdsvjw2i .
A replay of the conference call and a transcript will be available later at the same internet address. The replay number is +44 (0)20 3427 0598, passcode 7202766 #.
Amer Sports financial statements bulletin 2014 will be published on Thursday, February 5, 2015 at approximately 1:00 pm Finnish time.
Heikki Takala, President and CEO
Tel. +358 20 712 2510
Jussi Siitonen, CFO
Tel. +358 20 712 2511
Päivi Antola, Director, Corporate Communications and IR
Tel. +358 20 712 2537
NASDAQ OMX Helsinki, main media, www.amersports.com
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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