"The work to integrate the business functions of Amer Sports and Salomon can now begin. Our aim is to increase Salomon's profitability to meet our group's financial targets. The estimate of synergies made when the transaction was announced is realistic. These synergies are primarily generated by industrial operations in the winter sports business," says Roger Talermo, President and CEO of Amer Sports.
The consolidation of Salomon's financial figures into Amer Sports Corporation began on October 1, 2005. The transaction will have a significant effect on Amer Sports' net sales in the final quarter of the present year. The acquisition is estimated to have no significant impact on Amer Sports' earnings per share in the current fiscal year.
The combined business will create a leading global sports equipment company with annual sales of about EUR 1.7 billion and 7,500 employees. Salomon will comprise its own business area, the Salomon Group. Amer Sports and Salomon will continue to serve their customers around the world as before with their own separate sales organizations. Amer Sports and adidas-Salomon will cooperate for a maximum period of three years to ensure support for the transferred business.
Amer Sports has previously published releases on the Salomon acquisition on May 2, 2005, September 21, 2005, and October 13, 2005.
