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Amer Sports Oyj (AMEAS.HE)

AMEAS.HE on Helsinki Stock Exchange

22.27EUR
19 Jan 2018
Change (% chg)

€0.15 (+0.68%)
Prev Close
€22.12
Open
€22.14
Day's High
€22.45
Day's Low
€22.03
Volume
963,145
Avg. Vol
361,495
52-wk High
€25.80
52-wk Low
€19.81

Latest Key Developments (Source: Significant Developments)

Amer Sports: US Tax Rate Reduction To Have A Positive Impact On Effective Tax Rate
Wednesday, 27 Dec 2017 

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.  Full Article

Amer Sports signs EUR 200 mln amendment and restatement agreement
Tuesday, 21 Nov 2017 

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 

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 

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 confirms 2020 financial targets, raising organic growth goal
Wednesday, 31 Aug 2016 

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 

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 

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 

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 

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

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

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