At the end of 2016, the Group’s net debt was EUR 535.9 million (460.3). The increase was mainly due to the acquisitions. The Group’s financial balance sheet target is to have year-end net debt / EBITDA ratio of three or less. At the end of 2016, the year-end net debt / EBITDA ratio excl. IAC was 1.9 (1.7).
REFINANCING NEEDS WELL COVERED
- Cash EUR 364.0 million and unused committed facilities EUR 150 million (Dec 31, 2016)
- Commercial paper program in size of EUR 500 million, out of which EUR 49.9 million utilized
- No scheduled repayments of long-term loans in 2017.
- Average interest rate of loan portfolio 2.0% (Dec 31, 2015 2.7%)
INTEREST BEARING LIABILITIES
Outstanding public corporate bond issuances by Amer Sports Corporation
|Issuer name||Bloomberg ticker||ISIN||Coupon||Announce||Maturity||Amount issued||Curr|
|Amer Sports Oyj||AMEAS||SE0005498219||FLOAT||6.11.2013||6.11.2018||750 000 000||SEK|
Amer Sports does not have an official credit rating.