Amer Sports has revised its growth target through 2020, prioritizing sustainable profitable growth. Instead of a minimum mid-single-digit growth rate on an organic and currency-neutral basis, which would have taken its turnover up to €3.5 billion by 2020, it is now simply aiming for mid-single-digit growth. The group said the change reflects the challenging wholesale market in the U.S. The performance share plan announced last year, which affects about 340 persons, is being adjusted accordingly. Other goals remain unchanged, including a growing operating margin. The outlook for 2017 is also unchanged, with most of the growth due to take place in the second half. The company says the first part of its restructuring program, announced in August 2016, has been successfully completed.
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