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

Credit rating

Amer Sports does not have an official credit rating.