Amer Sports Inc. announced preliminary revenue and adjusted operating margin results for fiscal year 2024 on January 13, 2025. The company expects full-year 2024 revenue growth to be at the high end of its previous guidance range of 16-17%, despite rising headwinds from unfavorable foreign currency exchange rates in the fourth quarter.
The company also anticipates its full-year 2024 adjusted operating margin to be at the high end of its previous guidance range of 10.5-11.0%. This indicates strong profitability performance for the fiscal year.
Furthermore, Amer Sports confirmed it repaid all $1.2 billion of its outstanding term loans in the fourth quarter of 2024. This significant deleveraging is projected to reduce fiscal year 2025 adjusted net finance costs to approximately $120 million, down from the previous guidance of $180-190 million, substantially strengthening its balance sheet.
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