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Amer Sports, Inc. ( (AS) ) has issued an announcement.
Amer Sports has announced its preliminary financial results for 2024, projecting revenue growth and adjusted operating margins at the high end of their guidance ranges, despite challenges from unfavorable currency exchange rates. The company has also significantly reduced its debt by repaying $1.2 billion in term loans, positioning itself for future growth through its strong brand portfolio, notably Arc’teryx and Salomon, and expects to reduce net finance costs in 2025.
More about Amer Sports, Inc.
Amer Sports is a global leader in the sports and outdoor industry, offering a portfolio of iconic brands such as Arc’teryx, Salomon, Wilson, Peak Performance, Atomic, and Armada. Known for their innovative and high-performance apparel, footwear, and equipment, the company serves both elite athletes and everyday consumers with products sold in over 100 countries. With over 12,700 employees worldwide, Amer Sports aims to be the global leader in premium sports and outdoor brands.
YTD Price Performance: 7.07%
Average Trading Volume: 2,867,215
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $16.88B
Learn more about AS stock on TipRanks’ Stock Analysis page.
