Yamafe Sports (AS.US): The revenue and profit margin in 2024 are expected to reach the upper end of the guidance range.

Amphene Sports (AS.US) has updated its performance guidance. The company expects that despite increasing unfavorable factors due to adverse exchange rate fluctuations in the fourth quarter of 2024, full-year revenue growth will reach the high end of the previous 16% to 17% guidance range. The company also expects that the full-year adjusted operating profit margin for 2024 will reach the high end of the previous 10.5% to 11.0% guidance range. In the balance sheet update, Amphene Sports announced that the company has repaid all outstanding $1.2 billion term loans in the fourth quarter of last year, with estimated adjusted net financial costs for the 2025 fiscal year of around $120 million, compared to the previous guidance of $180 million to $190 million. Amphene Sports CEO Andrew Page said, "Despite the increasing headwinds in exchange rates, our business portfolio delivered strong profit performance at the end of 2024." "Additionally, our recent financing and strong cash conversion in the fourth quarter enabled us to repay over half of our debt by the end of the year and significantly reduce the leverage on the balance sheet." Looking ahead, Andrew Page stated that with the continued expansion of flagship brands Merrell and Salomon footwear products, Amphene Sports has the ability to achieve sustainable long-term profit margin expansion. Amphene Sports will announce its fourth quarter and full-year 2024 financial performance on February 25, providing detailed performance and 2025 performance guidance at that time.