Amer Sports Presentation · •Peak is a solid and healthy asset which we can take to the next...
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Amer Sports accelerates in Softgoods by acquiring iconic Peak Performance April 30, 2018 – Heikki Takala, President and CEO
Transcript of Amer Sports Presentation · •Peak is a solid and healthy asset which we can take to the next...
Amer Sports accelerates in Softgoodsby acquiring iconic Peak PerformanceApril 30, 2018 – Heikki Takala, President and CEO
Acquisition of Peak Performance
• Amer Sports acquires Peak Performance from the Danish IC Group
• Based in Stockholm, Peak Performance is a leading premium sports
fashion brand
– Net sales of DKK 1,079 million (EUR ~145 million) in the last 12 months
– EBIT of DKK 123 million (EUR ~16.5 million) in the last 12 months
– Recent growth rate approx. 5%
– Roughly 300 employees will become part of the Amer Sports Group
• Peak is a solid and healthy asset which we can take to the next level
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Transaction
• Acquisition price DKK 1,900 million (EUR approx. 255 million)
• Financed by Amer Sports’ cash reserve and committed bank financing
• Closing expected during the summer 2018, subject to regulatory
approvals
• Acquisition expected to deliver over EUR 10 million in annual
synergies to be realized in full over the next few years
• Acquisition will have a minor positive impact on Amer Sports’ 2018
financial results, subject to final timing of the closing
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Peak Performance has high B2C & female share
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Product
categories
NET SALES (16/17A)OVERVIEW
Sales
channels
B2C 48%
Gender
split
Essentials and A&E Ski & Active Wear Urban & Sports Wear
Wholesale Retail & outlet Franchise E-commerce
~1,200 accounts ~50 stores ~15 countries~30 stores
FOCUS
Women Men
52%
29%
10%9%
34%
33%
33%
57%
43%
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Sportswear fashion brand with year-around offering
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Excellent fit with our strategy
Our strategy pillars Our acceleration areas
Softgoods
B2C
USA
Connected Devices
and Services
China
Net sales impact
EUR
~1bn
EUR
~1.15bn
EUR
~250m
EUR
~320m
Unchanged
Potential increase
Unchanged
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Contact information
• Heikki Takala, President and CEO
Tel. +358 20 712 2510
• Jussi Siitonen, CFO
Tel. +358 20 7122511
• Samppa Seppälä, Director, Corporate Communications and IR
Tel. +358 50 5680533
www.amersports.com
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