Amer Sports Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company's net sales were €757.2 million against €697.9 million a year ago. EBIT was €111.7 million against €69.8 million a year ago. Earnings before taxes were €102.0 million against €63.5 million a year ago. Net result from continuing operations was €76.5 million or €0.66 per basic and diluted share against €47.0 million or €0.40 per basic and diluted share a year ago. Net result attributable to equity holders of the parent company was €73.6 million against €47.0 million a year ago. EBITDA was $130.6 million against $84.5 million a year ago. EBITDA excluding IAC was $135.8 million against $118.5 million a year ago. EBIT excluding IAC was €116.9 million compared to €103.8 million a year ago. Free cash flow was negative €132.2 million compared to negative €55.8 million a year ago. Net cash used in operating activities was €106.7 million against €30.9 million a year ago. Capital expenditure on non-current tangible and intangible assets was €22.4 million against €16.6 million a year ago.

For the nine months, the company's net sales were €1,804 million against €1,788.6 million a year ago. EBIT was €125.1 million against €76.8 million a year ago. Earnings before taxes were €99.1 million against €56.5 million a year ago. Net result from continuing operations was €73.9 million or €0.64 per basic and diluted share against €42.1 million or €0.36 per basic and diluted share a year ago. Net result attributable to equity holders of the parent company was €69.3 million against €42.0 million a year ago. EBITDA was $177.4 million against $126.4 million a year ago. EBITA excluding IAC was €186.8 million compared to €165.9 million a year ago. EBIT excluding IAC was €134.5 million compared to €116.3 million a year ago. Free cash flow was negative €152.8 million compared to positive €5.1 million a year ago. Net cash flow used in operating activities was €97.7 million against net cash from operating activities of €56.7 million a year ago. Capital expenditure on non-current tangible and intangible assets was €54.1 million against €49.7 million a year ago. As on September 30, 2018 net debt was €946.8 million. ROE from continuing operations was 10.9% against 6.0% a year ago.

The company also provided capital expenditure guidance for the year 2018. For the year, the company expects capital expenditure to be approximately 3.3% of net sales.