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Article Date: September 2018
Word Count: 248

Amer Sports Confirms Targets, But May Look to Sell Mavic


Amer said it would grow mid-single digits currency neutral on an organic basis with EBIT growth that will be even faster as it continues to emphasize high growth areas like apparel, DTC and China. While most of the portfolio is performing at expectations, it has determined that the Mavic cycling business, which represents just 3.5% of sales, may not fit into its long-term plans and it has engaged an investment bank to assist in a possible sale. Amer also confirmed its guidance for this year at its annual investor conference for constant currency growth in 2018 with EBIT excluding one ... Log in to view full article.

 


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