Amer Sports - Other information disclosed according to the rules of the Exchange

Amer Sports updates its 2020 growth target, prioritizing Sustainable Profitable Growth

Amer Sports Corporation
STOCK EXCHANGE RELEASE
August 30, 2017 at 1:00 p.m.

Amer Sports updates its 2020 growth target, prioritizing Sustainable Profitable
Growth

Amer Sports Corporation has updated the company's 2020 growth target,
prioritizing sustainable, profitable growth. The company targets annual mid-
single digit organic, currency-neutral growth instead of the previous target of
EUR 3.5 billion by 2020. The change reflects the challenging wholesale market in
the US. The company will continue to focus on its five strategic priorities
(Apparel and Footwear, Business to Consumer, China, US, and Connected Devices
and Services) whilst accelerating its consumer-led transformation. Amer Sports
Board of Directors has decided on adjustments to the Performance Share Plan for
the Company's management, originally announced in December 2015, to be in line
with the new strategic glidepath.

Amer Sports' updated financial targets are:

  * Net sales: mid-single digit organic, currency-neutral annual growth
  * Profit (unchanged): Annual EBIT growth (excl. items affecting comparability,
    IAC) ahead of net sales growth
  * Cash flow conversion (unchanged): Free cash flow / net profit at least 80%
  * Net debt / EBITDA (unchanged): Year-end net debt / EBITDA ratio max 3x
Compared to the previous financial targets set in 2016, the updated targets
focus on profitable growth, with priority on profitability. The previous growth
target was to reach a net sales of EUR 3.5 billion by 2020, with minimum mid-
single digit organic, currency-neutral annual growth. Other financial targets
are unchanged.

Amer Sports President and CEO Heikki Takala: "The US wholesale market continues
to be challenged, and whilst demand for our brands continues to be strong and we
largely outperform the market, it causes a gap versus our growth target. Our
building blocks are robust and the majority of our strategic programs are
delivering well, most notably Footwear and Apparel, Business to Consumer, and
China, and we continue to drive our consumer-led transformation with confidence.
In the US wholesale context, we rebalance our growth vs. profit, prioritizing
profitability and cash to deliver strong shareholder returns."

RESTRUCTURING AS FURTHER ENABLER FOR TRANSFORMATION AND PRODUCTIVITY
In February 2017 Amer Sports expanded the cost restructuring program initiated
in August 2016, with the objective to reduce operating expenses worth
approximately 100 EBIT margin basis points by the end of 2018, with full impact
of approximately EUR 30 million annually from 2019 onwards. Restructuring
expenses will be approximately EUR 45 million (pre-tax, reported under "Items
affecting comparability"), recognized in the second half of 2017 and first half
of 2018. The cash flow impact will be approximately EUR 25 million. The first
part of the restructuring program announced in August 2016 has been successfully
completed.

2017 OUTLOOK MAINTAINED
Amer Sports outlook for 2017 is unchanged. In 2017, Amer Sports' net sales in
local currencies are expected to increase from 2016, despite short-term market
softness. EBIT excl. IAC is expected to be approximately at the level of 2016.
The growth in 2017 is expected to be biased to the second half of the year.

ADJUSTMENTS TO THE PERFORMANCE SHARE PLAN 2016
To align the Company incentive programs to the updated financial targets and
strategic glidepath, Amer Sports Board of Directors has decided on adjustments
to the Performance Share Plan 2016 for the Company's key personnel, announced in
December 2015. The updated long term incentive program ensures that the
performance of the company management is tied to the strategy and targets, and
that strategic continuity and retention of key management is further
safeguarded.

The Plan comprises a three-year performance period covering the period of
2018-2020, instead of one-year performance periods. The performance targets will
be net sales growth and EBIT margin for the earning period 2018-2020. The
potential share reward payable based on the plan will be paid in the spring
2021, provided that the performance targets for the plan are achieved. The
potential reward will be paid in listed shares of Amer Sports Corporation, added
with a cash portion to cover the taxes and tax-like items payable by the
participants on the reward.

The Plan is directed to key personnel of approximately 340 persons, including
the members of the Group Executive Board. If the performance targets set for the
period 2018-2020 are fully achieved, the aggregate maximum number of shares to
be paid under the plan is 650,000 shares.

The Board of Directors anticipates that no new shares need to be issued based on
the plan and that the plan will, therefore, have no dilutive effect on the
registered number of the company's shares.

Further information about the Performance Share Plan 2016 and the related
adjustments is available at
https://www.amersports.com/investors/governance/remuneration/long-term-
incentives/.

CAPITAL MARKETS DAY AUGUST 31, 2017
Amer Sports organizes a Capital Markets Day in Helsinki tomorrow, August 31
starting at 9:00 a.m. EEST. In the event, the updated financial targets will be
presented in more detail.

Live webcast: https://amersports.videosync.fi/2017-08-31-cmd.

For further information, please contact:
Päivi Antola, Director, Corporate Communications and IR
Tel. +358 20 7122 537

DISTRIBUTION
NASDAQ Helsinki
Main media
www.amersports.com

AMER SPORTS
Amer Sports (www.amersports.com) is a sporting goods company with
internationally recognized brands including Salomon, Wilson, Atomic, Arc'teryx,
Mavic, Suunto and Precor. The company's technically advanced sports equipment,
footwear and apparel improve performance and increase the enjoyment of sports
and outdoor activities. The Group's business is balanced by its broad portfolio
of sports and products and a presence in all major markets. Amer Sports shares
are listed on the Nasdaq Helsinki stock exchange (AMEAS).


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