Amer Sports Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, net sales were EUR 483.0 million against EUR 495.8 million a year ago. Loss before interest and taxes was EUR 29.6 million against EUR 21.8 million a year ago. Loss before taxes was EUR 38.7 million against EUR 30.4 million a year ago. Net loss attributable to equity holders of the parent company was EUR 28.9 million against EUR 22.5 million a year ago. Loss per share – diluted was EUR 0.25 against EUR 0.19 a year ago. Net cash flow used in operating activities was EUR 25.5 million against cash flow from operating activities of EUR 11.0 million a year ago. Capital expenditure on non-current tangible and intangible assets was EUR 19.6 million against EUR 14.3 million a year ago.

For six months, net sales were EUR 1,106.8 million against EUR 1,160.0 million a year ago. Earnings before interest and taxes were EUR 10.8 million against EUR 7.0 million a year ago. Loss before taxes was EUR 5.7 million against EUR 6.8 million a year ago. Net loss attributable to equity holders of the parent company was EUR 4.3 million against EUR 5.0 million a year ago. Loss per share – diluted was EUR 0.04 against EUR 0.04 a year ago. ROE was negative 1.0% against negative 1.1% a year ago. Net cash flow from operating activities was EUR 9.0 million against EUR 87.6 million a year ago. Capital expenditure on non-current tangible and intangible assets was EUR 31.7 million against EUR 33.1 million a year ago. Net debt was EUR 820.2 million against EUR 584.4 million a year ago.

In 2018, the company's net sales in local currencies as well as EBIT excl. IAC are expected to increase from 2017. Due to ongoing wholesale market uncertainties, the quarterly growth and improvement are expected to be uneven. The company will prioritize sustainable, profitable growth, focusing on its five strategic priorities (Apparel and Footwear, Direct to Consumer, China, US, and Connected Devices and Services) whilst continuing its consumer-led transformation. Capital expenditure for the whole year is expected to be approximately 3.0-3.5% of net sales.