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BRIEF-Amer Sports Q4 EBIT adjusted at EUR 81.3 million, below consensus
February 9, 2017 / 11:17 AM / 8 months ago

BRIEF-Amer Sports Q4 EBIT adjusted at EUR 81.3 million, below consensus

Feb 9 (Reuters) - Amer Sports Oyj:

* Q4 net sales 772.4 million euros ($825.9 million) (Reuters poll: 811 million euros)

* Q4 EBIT adjusted 81.3 million euros (Reuters poll: 89.9 million euros)

* Proposes capital repayment of 0.62 euro per share (dividend 0.55)

* Reuters poll expected dividend of EUR 0.62 euro per share

* In 2017 net sales in local currencies are expected to increase from 2016, despite short-term market softness

* Says growth is expected to be biased to second half of year

* Due to the challenging market conditions, Amer Sports paces its short-term growth and expands the on-going cost restructuring program initiated in August 2016

* Objective is to reduce operating expenses worth about 100 EBIT margin basis points in coming 24 months

Source text for Eikon:

Link to Reuters poll:

Further company coverage: ($1 = 0.9353 euros) (Gdynia Newsroom)

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