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亚玛芬体育Amer Sports, Inc.(AS)2025年第四季度及全年财务业绩演示报告「NYSE」(英文版)(39页).pdf

上传人: 1****1 编号:1142804 2026-02-25 39页 6.52MB

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1、Amer SportsFourth Quarter 2025 FORWARD LOOKING STATEMENTSThis presentation contains statements that constitute forward-looking statements,within the meaning of the Private Securities Litigation Reform Act of 1995,Section 27A of the Securities Act of 1933,as amended,and Section 21E of the Securities

2、Exchange Act of 1934,as amended.Many of the forward-looking statements contained herein can be identified by the use of forward-looking words such as“anticipate,”“believe,”“may,”“will,”“expect,”“could,”“target,”“predict,”“should,”“plan,”“intend,”“estimate”and“potential,”and similar expressions.Forwa

3、rd-looking statements appear in a number of places herein and include,but are not limited to,statements regarding our intent,belief or current expectations.Forward-looking statements are based on our managements beliefs and assumptions and on information currently available to our management.Such st

4、atements are subject to risks and uncertainties,and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors,including,but not limited to,those identified under the section titled“Item 3.Key InformationD.Risk Factors”in our Annual

5、Report on Form 20-F.These risks and uncertainties include factors relating to,but are not limited to:the strength of our brands;changes in market trends and consumer preferences;intense competition that our products,services and experiences face;harm to our reputation that could adversely impact our

6、 ability to attract and retain consumers and wholesale partners,employees,brand ambassadors,partners,and other stakeholders;reliance on technical innovation and high-quality products;general economic and business conditions worldwide,including due to inflationary pressures;the strength of our relati

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1. **2025年业绩强劲**:全年营收增长27%,运营利润率扩大超150个基点;Q4营收增长28%至21.01亿美元,调整后EPS超指引。 2. **业务表现**: - 技术服饰(Arc'teryx等)增长34%,运营利润率升至25.9%; - 户外运动(Salomon等)增长29%,但SG&A投入致利润率下降490个基点; - 球类及网球(Wilson等)增长14%,利润率改善110个基点。 3. **2026年指引**:营收增长16-18%,运营利润率13.1-13.3%,调整后EPS 1.10-1.15美元。 4. **风险提示**:包含前瞻性声明,受品牌竞争力、市场趋势、地缘政治等多重因素影响。
**增长动力何在?** **利润为何下滑?** **未来如何布局?**
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