Amer Sports expects revenues to hit €3.5 billion by 2020 via a minimum of single-digit organic, currency-neutral growth, according to new financial targets it shared with investors Thursday morning.
The Finnish company's forecast also calls for the company's capitalized annual growth rate to accelerate to 6.5 percent due primarily to organic growth.
Growth in annual earnings before income taxes (EBIT) is expected to outpace sales growth and the company expects 80 percent of its free cash flow to flow to the bottom line.
Year-end net debt is expected to top out at 3.0 times EBITDA, or earnings before income taxes, depreciation and amortization.
Amer Sports brand portfolio includes Arc'teryx, Atomic, Mavic, Precor, Salomon, Suunto and Wilson.
