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Article Date: August 2017
Word Count: 206

Amer Sports Lowers Long Term Growth Target on U.S. Wholesale Weakness


The parent of Wilson, Salomon, Atomic and other brands revised its topline target for 2020 from €3.5 billion to mid-single-digit currency neutral growth while maintaining its bottom line forecast of exceeding top line growth during that period and generating at least 80% of net profit as free cash flow and keeping year end debt below three times cash flow. In its commentary, Amer said that the recent disruption in the U.S. wholesale market had created a gap in its growth targets that will mean it will focus on profitable growth in the U.S. rather than chasing its initial targets. It ... Log in to view full article.

 


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