Amer Sports expects global trading conditions to remain challenging, with some regional improvements during the remainder of 2014, it told investor at its annual Capital Markets Day.
The Finnish company's brand portfolio includes Arc'teryx, Atomic, Mavic, Salomon and Suunto,
In 2014, Amer Sports' net sales growth in local currencies is expected to meet at minimum the company's long-term annual 5 percent growth target and EBIT excluding non-recurring items is expected to improve from 2013. The company will continue to focus on the growth of Apparel and Footwear, consumer-driven product and marketing innovation, commercial expansion and operational excellence.
Amer Sport listed its financial targets as:
- Growth: Delivering organic, currency-neutral annual growth of 5 percent.
- Profitability: EBIT of at least 10 percent of net sales.
- Cash flow: Annual free cash flow equal to net profit.
- Balance sheet structure: Year-end Net Debt/EBITDA ratio of 3 or less.
