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EUR 0.53 0.45 1.18 1.18 Free cash flow****) 156.2 152.8 161.3 64.4 Equity ratio

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Amer Sports Corporation                          STOCK EXCHANGE RELEASEFebruary 8, 2018 at 1:00 p.m.

 EUR 0.53 0.45 1.18 1.18 Free cash flow****) 156.2 152.8 161.3 64.4 Equity ratio

Amer Sports Corporation Financial Statements Bulletin 2017: Strong Q4 finishing another record year with broad-based improvement

OCTOBER-DECEMBER 2017

Net sales EUR 803.1 million (October-December 2016: 772.4). In local currencies, net sales +9%.

EBIT excluding items affecting comparability (IAC) EUR 92.6 million (81.3). Items affecting comparability EUR -6.7 million (-8.2).

Earnings per share excl. IAC EUR 0.53 (0.45). Earnings per share 0.41 (0.41).

Free cash flow EUR 156.2 million (152.8).

JANUARY-DECEMBER 2017

Net sales EUR 2,685.2 million (2016: 2,622.1). In local currencies, net sales +4%.

EBIT excl. IAC EUR 215.0 million (221.7), 8.0% of net sales (8.5). Items affecting comparability EUR -46.7 million (-16.9).

Earnings per share excl. IAC EUR 1.18 (1.18). Earnings per share EUR 0.80 (1.08).

Free cash flow EUR 161.3 million (64.4).

Net debt/EBITDA excl. IAC 1.6 (December 31, 2016: 1.9).

Amer Sports Board of Directors is proposing a capital repayment of EUR 0.70 per share (0.62).

OUTLOOKIn 2018, Amer Sports' 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.

HEIKKI TAKALA, PRESIDENT AND CEO:We finished 2017 with a strong fourth quarter, driven again by our strategic acceleration priorities Softgoods, Direct to Consumer, and China. We continued to accelerate growth in Fitness and Sports Equipment. We also continued to make Winter Sports Equipment stronger, with solid growth and improving profitability. At the same time, in a turbulent market, we did have challenges to drive target growth, especially in Ball Sports and Cycling, and work remains to re-ignite them.

2017 was the eighth consecutive year of growth and broad-based improvement for Amer Sports. The consumer shopping behavior is changing rapidly, calling for a commercial business model transformation. We have pursued this transformation proactively, as we have invested significantly into our commercial omni-channel transformation and direct consumer engagement, with focus on long-term health and value creation. However, in 2017, we also continued to create short-term value as we reached record results in three of our four strategic financial targets: record sales, record cash flow, and strongest ever balance sheet.

We are looking forward to delivering our 2020 glidepath, and as part of that, another year of growth and improvement in 2018.

KEY FIGURES

EUR million   10-12/2017   10-12/2016     Ch %     Ch %*)   2017   2016     Ch %     Ch %*)  
Net sales   803.1   772.4   4   9   2,685.2   2,622.1   2   4  
Gross profit   356.8   345.1   3       1,215.3   1,213.5   0      
  Gross profit %   44.4   44.7           45.3   46.3          
EBITDA excl. IAC**)   109.3   96.6           284.4   281.7          
EBIT excl. IAC   92.6   81.3   14       215.0   221.7   -3      
EBIT % excl. IAC   11.5   10.5           8.0   8.5          
IAC***)   -6.7   -8.2           -46.7   -16.9          
EBIT   85.9   73.1           168.3   204.8          
EBIT %   10.7   9.5           6.3   7.8          
Financing income and expenses   -6.3   -7.9           -26.3   -31.8          
Earnings before taxes   79.6   65.2           142.0   173.0          
Net result   47.2   47.9           93.3   126.9          
Earnings per share excl. IAC, EUR   0.53   0.45           1.18   1.18          
Free cash flow****)   156.2   152.8           161.3   64.4          
Equity ratio, % at period end                   34.1   36.9          
Net debt/equity at period end                   0.52   0.53          
Personnel at year end                   8,607   8,526          
Average rates used, EUR/USD                 1.13     1.11              

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