Amer Sports Lowers FY 2009 Earnings Estimate

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• September 02 2009
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Amer Sports, parent company of Salomon, announced that it is revising its 2009 earning
estimates downwards and is considering the sale of its cycling business Mavic.

According to the release: Amer Sports is considering strategic alternatives to focus its
business portfolio more towards categories where it believes it has
the best long-term opportunities and where the best group-wide
synergies can be achieved. Consistent with this strategy, Amer Sports
is currently exploring alternatives in respect of its cycling
business Mavic. Among other alternatives, this strategic review may
result in a divestiture of this asset.

In the Q2 2009 report released on August 6, Amer Sports stated that
it expected the market to remain challenging for the rest of the year
and that it expected its full-year 2009 EBIT to be below last year's
level. Based upon reports issued by a number of investment analysts,
the current consensus estimate for the full-year 2009 EBIT is
approximately EUR 60 million. Amer Sports believes that, based upon
currently available information, this consensus estimate is too
optimistic. Amer Sports is not in a position to provide more specific
guidance on its outlook for the year due to the prevailing
uncertainty in the macroeconomic environment and the significance of
the last quarter of the year to the company's results.