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2016-02-03

Amer Sports Oyj: Amer Sports Corporation Financial Statements Bulletin 2015

Amer Sports Corporation

STOCK EXCHANGE RELEASE
February 3, 2016 at 1:00 pm

Amer Sports Corporation Financial Statements Bulletin 2015

OCTOBER-DECEMBER 2015

* Net sales EUR 783.7 million (October-December 2014: 705.3). In local
currencies, net sales increased by 6%. Excluding acquisitions, net sales
increased by 5% in local currencies.
* Gross margin 43.8% (43.0).
* EBIT EUR 84.0 million (77.7 excl. non-recurring items, NRI).
* Earnings per share EUR 0.46 (0.41 excl. NRI).
* Free cash flow EUR 159.4 million (132.8).

JANUARY-DECEMBER 2015

* Net sales EUR 2,534.4 million (2014: 2,228.7). In local currencies, net
sales increased by 6%. Excluding acquisitions, net sales increased by 5% in
local currencies.
* Gross margin 45.2% (43.9).
* EBIT excluding non-recurring items EUR 212.1 million (168.3), representing
8.4% of net sales (7.6). Non-recurring items were EUR -8.0 million (-54.2).

* Earnings per share excluding NRI EUR 1.09 (0.80).
* Free cash flow EUR 121.7 million (53.5).
* Net debt/EBITDA excluding NRI 1.7 (December 31, 2014: 2.0).
* Amer Sports Board of Directors is proposing a dividend of EUR 0.55 per
share (0.45).

OUTLOOK

In 2016, Amer Sports' net sales in local currencies are expected to increase
and EBIT margin excluding non-recurring items is expected to improve from
2015, despite challenging market conditions. The company will focus on
growing the core business and accelerating in five prioritized areas: Apparel
and Footwear, US, China, Business to Consumer, as well as digitally connected
devices and services.

KEY FIGURES

-------------------------------------------------------------------------------------------------------
| EUR million 10-12/ 10-12/ Ch % Ch %*) 2015 2014 Ch % Ch %*) |
| |
| 2015 2014 |
| Net sales 783.7 705.3 11 6 2,534.4 2,228.7 14 6 |
| Gross profit 343.0 303.2 13 1,145.9 979.0 17 |
| Gross profit % 43.8 43.0 45.2 43.9 |
| EBIT excluding NRI**) 84.0 77.7 8 212.1 168.3 26 |
| EBIT % excluding NRI 10.7 11.0 8.4 7.6 |
| NRI - -34.7 -8.0 -54.2 |
| EBIT 84.0 43.0 204.1 114.1 |
| EBIT % 10.7 6.1 8.1 5.1 |
| Financing income and expenses -10.7 -11.2 -36.1 -37.1 |
| Earnings before taxes 73.3 31.8 168.0 77.0 |
| Net result 53.3 23.0 121.6 55.4 |
| Earnings per share excluding NRI, EUR 0.46 0.41 1.09 0.80 |
| Free cash flow***) 159.4 132.8 121.7 53.5 |
| Equity ratio, % 37.2 38.8 |
| Net debt/equity 0.48 0.50 |
| Personnel at year end 7,954 7,630 |
| Average rates used, EUR/USD 1.11 1.33 |
-------------------------------------------------------------------------------------------------------
*) In local currencies
**)
Non-recurring items are exceptional and material transactions that are not
related to normal business operations. These items can include, but are not
limited to, capital gains and losses, exceptional write-downs, provisions for
planned restructuring and other exceptional items Amer Sports management
considers as material. A single non-recurring item has to represent more than
one cent per share on annual basis to be classified as non-recurring.
***) Cash flow from operating activities - net capital expenditures -
restricted cash (Net capital expenditures: Total capital expenditure less
proceeds from sale of assets)

HEIKKI TAKALA, PRESIDENT AND CEO:

We closed 2015 with a solid fourth quarter, and more importantly we completed
our sixth consecutive year of profitable growth in line with our Sustainable
Growth Model. The 2015 growth was broad-based and driven by our strategic
acceleration priorities, as well as continuous improvement in our core
business, most notably Ball Sports and Winter Sports Equipment. In Fitness
and Cycling we focused on business model renewal and restructuring, and
prepared a solid pipeline of building blocks for 2016 and beyond.

Whilst delivering another record year in 2015, we ramped up our efforts and
investment to accelerate toward 2020 in line with our new strategic
glidepath, further enabled by our improving cash flow and continuously
strengthening balance sheet. We boosted our retail opening pipeline, fueled
digital products and services, invested into Go to Market integration, and
recruited critical talent. The increased operating and capital expenses,
including acquisition related costs, were absorbed in our operational results
without significant dilutive impact.

I'm pleased to confirm that the company is firmly on a sustainable growth
path. Our strategies are working, and we execute with full speed, focusing on
continuous improvement and renewal.

For further information, please contact:

Heikki Takala, President and CEO, tel. +358 20 712 2510
Jussi Siitonen, CFO, tel. +358 20 712 2511
Päivi Antola, Director, Corporate Communications and IR, tel. +358 20 712 2537

TELEPHONE CONFERENCE

An English-language conference call for investors and analysts will be held at
3:00 pm Finnish time. To participate in the conference call, please call +44
(0)20 3427 1921 or +49 (0)69 2222 10634, confirmation code4489338.
The conference can also be followed live via www.amersports.com
orhttp://edge.media-server.com/m/p/qwkj66yj. A replay of the conference call
and a transcript will be available later at the same internet address. The
replay number is +44 (0)20 3427 0598 or +49 (0)69 2222 2236, passcode4489338
#
.

ANNUAL GENERAL MEETING

Amer Sports Annual General Meeting will be held on Tuesday, March 8, 2016
starting at 2:00 pm at Messukeskus, Expo and Convention Centre Helsinki,
Messuaukio 1, 00520, Helsinki, Finland.

INTERIM REPORT Q1/2016

Amer Sports will publish its Q1/2016 interim report on Thursday, April 21,
2016 at approximately 1:00 pm Finnish time.

INVESTOR RELATIONS NEWSLETTER

Subscribe to Amer Sports Investor Relations Newsletter
atwww.amersports.com/investors/subscribe.

DISTRIBUTION
Nasdaq Helsinki
Main media
www.amersports.com

AMER SPORTS
Amer Sports (www.amersports.com) is a sporting goods company with
internationally recognized brands including Salomon, Wilson, Atomic,
Arc'teryx, Mavic, Suunto, and Precor. The company's technically advanced
sports equipment, footwear, and apparel improve performance and increase the
enjoyment of sports and outdoor activities. The Group's business is balanced
by its broad portfolio of sports and products and a presence in all major
markets. Amer Sports shares are listed on the Nasdaq Helsinki stock exchange
(AMEAS).

Amer Sports Financial Statements 2015
http://hugin.info/3020/R/1983363/726849.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Amer Sports Oyj via Globenewswire

HUG#1983363

Författare WKR

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