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2009-09-01 08:30:00 CEST 2009-09-01 08:31:56 CEST REGULATED INFORMATION Amer Sports - Company AnnouncementAmer Sports is exploring strategic alternatives for Mavic and corrects market expectationsSTOCK EXCHANGE RELEASE September 1, 2009 at 9:30 am Amer Sports is considering strategic alternatives to focus its business portfolio more towards categories where it believes it has the best long-term opportunities and where the best group-wide synergies can be achieved. Consistent with this strategy, Amer Sports is currently exploring alternatives in respect of its cycling business Mavic. Among other alternatives, this strategic review may result in a divestiture of this asset. In the Q2 2009 report released on August 6, Amer Sports stated that it expected the market to remain challenging for the rest of the year and that it expected its full-year 2009 EBIT to be below last year's level. Based upon reports issued by a number of investment analysts, the current consensus estimate for the full-year 2009 EBIT is approximately EUR 60 million. Amer Sports believes that, based upon currently available information, this consensus estimate is too optimistic. Amer Sports is not in a position to provide more specific guidance on its outlook for the year due to the prevailing uncertainty in the macroeconomic environment and the significance of the last quarter of the year to the company's results. For more information, please contact: Tommy Ilmoni, Vice President, IR and Corporate Communications, tel. +358 9 7257 8233, tommy.ilmoni@amersports.com AMER SPORTS CORPORATION Communications DISTRIBUTION: NASDAQ OMX Helsinki Major media www.amersports.com AMER SPORTS CORPORATION Amer Sports (www.amersports.com) is the world's leading sports equipment company with internationally recognized brands including Salomon, Wilson, Precor, Atomic, Suunto, Mavic and Arc'teryx. All Amer Sports companies develop and manufacture technically advanced products that improve the performance of active sports participants. The Group's business is balanced by its broad portfolio of sports and presence in all major markets. |
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