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FULL-YEAR 2024
Amer Sports is updating guidance for the year ending December 31, 2024 (all guidance figures reference adjusted amounts):
•Reported revenue growth: 15 - 17%
•Gross margin: approximately 54.5%
•Operating margin: toward high-end of 10.5 - 11.0%
•D&A: approximately $250 million, including approximately $110 million of ROU depreciation
•Net finance cost: $200 - $220 million, including approximately $15 million of finance costs in the first quarter 2024 that won’t be recurring
•Effective tax rate: approximately 38%
•Fully diluted share count: 500 million
•Fully diluted EPS: $0.40 - $0.44
•Technical Apparel: greater than 30% revenue growth; segment operating margin slightly above 20%
•Outdoor Performance: mid-to-high-single-digit revenue growth; segment operating margin high-single digit %.
•Ball & Racquet: low-to-mid single-digit revenue growth, and low-to-mid single-digit segment operating margin
Posted In: AS