Outlook
Interim report 1-3/2012, April 27, 2012
Outlook for 2012
In 2012, Amer Sports will continue to invest into executing its long-term strategy and sustaining profitable growth with special focus on leveraging Amer Sports’ strong brands into apparel, footwear and accessories as well as on emerging markets expansion.
Amer Sports expects broad-based sales growth and profitability improvement across most business areas in 2012, with the exception of Winter Sports Equipment where pre-orders are expected to decline and profitability to be adversely impacted by the late and mild winter in season 2011/12, especially in North America and Southern Europe. However, the Winter Sports Equipment operational efficiency program which started in 2010 is proceeding ahead of plan and will partially help to mitigate the negative impacts of the expected pre-order decline.
Amer Sports’ net sales in local currencies are expected to increase from 2011 in line with the company’s annual 5% growth target. Leveraging Amer Sports’ brands into apparel, footwear and accessories continues to be the main growth driver for the company.
Financial results 2011, January 31, 2012
Outlook for 2012
In 2012, Amer Sports will continue to invest into executing its long-term strategy and sustaining profitable growth.
Amer Sports expects broad-based improvement across business areas in 2012. In Winter Sports Equipment, the slow start of the 2011/12 season due to the warm weather in key markets is expected to have an adverse impact on the 2012 pre-orders. Apparel and Footwear pre-orders for spring/summer are up by 28% and 14%, respectively. Overall, Amer Sports’ 2012 net sales in local currencies are expected to increase from 2011.
Interim report 1-9/2011, October 27, 2011
Outlook and guidance 2011
In 2011, Amer Sports expects its full-year net sales in local currencies to grow by approximately 9% and EBIT margin excluding non-recurring items to improve by approximately one percentage point from 2010.
The company will continue to invest into executing its long-term strategy and sustaining profitable growth. In Winter Sports Equipment, the solid improvement in pre-orders together with operational efficiency measures is expected to have a positive impact on the full-year profitability. Deliveries of pre-orders started 3-4 weeks earlier than in 2010 which impacted the third quarter positively but there is no change in the full-year outlook. In Apparel and Footwear, the deliveries peaked in the third quarter and the full-year outlook remains unchanged.
Interim report 1-6/2011, August 4, 2011
Outlook and guidance 2011
Amer Sports’ strategic development programs continue to contribute positively to the Group performance in 2011 and the company will continue to invest into executing the new strategy and sustaining profitable growth. In Footwear and Apparel, fall/winter pre-orders are indicating that the strong momentum will continue. In Winter Sports Equipment, solid improvement in pre-orders together with operational efficiency measures is expected to have a positive impact on the full-year profitability.
In 2011, Amer Sports expects its full-year net sales in local currencies to grow at a similar rate as in the first half of the year and EBIT margin excluding non-recurring items to improve by approximately one percentage point from 2010.
Interim report 1-3/2011, April 28, 2011
Outlook and guidance 2011
Amer Sports’ strategic development programs continue to contribute positively to the Group performance in 2011 and the company will continue investing into executing the new strategy and sustaining the growth. In Footwear and Apparel, fall/winter pre-orders are indicating that the strong momentum will continue. In Winter Sports Equipment, Amer Sports’ operational efficiency measures are expected to have a positive impact on the full-year profitability. The sporting goods market is estimated to continue to grow modestly in 2011, with sports specific and regional differences.
In 2011, Amer Sports expects its net sales to continue to clearly exceed the Group’s long-term financial target of 5% annual currency-neutral growth. EBIT margin excluding non-recurring items is expected to improve from the level of 2010 (2010 net sales EUR 1,740 million, EBIT margin excluding non-recurring items 6.2%).
Financial results 2010, February 3, 2011
Outlook and guidance 2011
Amer Sports strategic development programs are expected to continue to contribute positively to the Group performance in 2011. The sporting goods market is estimated to continue the recovery started in 2010, with regional and sports specific differences. In Footwear and Apparel, spring/summer pre-orders are indicating that the 2010 strong momentum will continue.
Overall, Amer Sports expects its 2011 net sales to increase from 2010 and EBIT to improve.
Interim report 1-9/2010, October 28, 2010
Outlook 2010
Amer Sports expects its 2010 net sales to be approximately EUR 1.7 billion (2009: 1.5) and EBIT margin to be approximately 6% excluding non-recurring items.
The sporting goods market is expected to recover moderately, but with significant regional and sports area specific differences. Winter sports equipment market has recovered due to good snow conditions during previous winter season. Amer Sports’ this season pre-orders in Winter Sports Equipment were up approximately 15% compared to last year. In Apparel and Footwear, fall/winter pre-orders indicated a faster sales growth in the second half of the year compared to the first half, reflecting continuous improvement in the product offering and commercial gains.
Interim report 1-6/2010, August 5, 2010
Outlook 2010
Amer Sports expects its 2010 net sales to be approximately EUR 1.7 billion (2009: 1.5) and EBIT margin to improve to the mid-single-digit level.
The sporting goods market is expected to recover moderately, but with significant regional and sports area specific differences. Winter sports equipment market has recovered due to good snow conditions during previous winter season. Amer Sports’ next season pre-orders in Winter Sports Equipment are up approximately 15% compared to last year. In Apparel and Footwear, fall/winter pre-orders are indicating a faster sales growth in the second half of the year compared to the first half, reflecting continuous improvement in the product offering and commercial gains.
Amer Sports’ strategy is to drive profitable growth. Amer Sports continues to focus on improving its profitability through improved gross profit and tight cost control. Strict control over working capital will continue.
Interim report 1-3/2010, April 29, 2010
Outlook for 2010
Amer Sports expects the sporting goods market to recover moderately, but with significant regional and sports area specific differences. The group strategy is to drive profitable growth. However, in light of the unpredictable market conditions, Amer Sports continues to focus on improving its profitability through improved gross profit and tight cost control. Strict control over working capital will continue with the notion that improvements similar to previous year are unlikely. Amer Sports expects its 2010 EBIT margin to improve to the mid-single-digit level.
Financial results 2009, February 4, 2010
Outlook for 2010
Amer Sports does not anticipate a quick recovery in the sporting goods market, and therefore the company’s key priority is to improve its profitability through gross margin improvements and continued tight cost control. The company will also continue to focus on strict working capital management, although an improvement similar to the previous year cannot be expected. Capital expenditures and other investments will remain at the previous year’s level. The company’s tax rate is expected to be approximately 20%.