v3.25.2
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2025
Disclosure of operating segments [abstract]  
Schedule of information on reportable segments
Revenues of reportable segments were as follows:
For the three months ended June 30,For the six months ended June 30,
In millions2025202420252024
Technical Apparel$508.9 $412.1 $1,172.7 $929.3 
Outdoor Performance413.7 305.8 916.1 707.6 
Ball & Racquet Sports313.7 283.5 620.0 557.1 
Total$1,236.3 $1,001.4 $2,708.8 $2,194.0 
Depreciation and Amortization of reportable segments were as follows:
For the three months ended June 30,For the six months ended June 30,
In millions2025202420252024
Technical Apparel$38.9 $27.6 $74.6 $55.6 
Outdoor Performance28.8 25.2 59.7 50.5 
Ball & Racquet Sports10.4 8.1 20.1 15.7 
Total Reportable Segments78.1 60.9 154.4 121.8 
Corporate3.3 1.9 4.7 3.5 
Total$81.4 $62.8 $159.1 $125.3 
Adjusted Operating Profit of reportable segments were as follows:
For the three months ended June 30,For the six months ended June 30,
In millions2025202420252024
Technical Apparel$70.7 $57.8 $228.6 $175.1 
Outdoor Performance21.3 (6.5)$95.1 $12.8 
Ball & Racquet Sports9.7 3.2 $29.9 $14.0 
Total Adjusted Operating Profit of Reportable Segments101.7 54.5 353.6 201.9 
Corporate expenses (1)
(34.3)(25.2)$(54.1)$(42.9)
Adjustments:
Depreciation and amortization on PPA fair value step up (2)
(11.0)(10.7)(21.5)(21.4)
Restructuring expenses (3)
(6.0)(8.8)(8.9)(9.7)
Expenses related to transaction activities (4)
(2.0)(12.2)(2.3)(18.0)
Expenses related to certain legal proceedings (5)
1.2 — 2.0 — 
Share-based payment expenses (6)
(5.9)(6.1)(10.9)(9.4)
Interest expense(30.0)(42.6)(52.0)(110.9)
Foreign currency exchange losses, net & other finance costs6.7 (5.1)10.6 (19.1)
Loss on debt extinguishment— — — (14.3)
Interest income1.4 2.5 2.9 5.2 
Income before tax$21.8 $(53.7)$219.4 $(38.6)
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(1)Includes corporate expenses, which have not been allocated to reportable segments.
(2)Consists of depreciation and amortization on PPA fair value step up of intangible and tangible assets in connection with the acquisition and delisting of Amer Sports in 2019. For further information, refer to Note 1. The Company in the Company’s annual report on Form 20-F for the year ended December 31, 2024.
(3)Includes expenses for restructuring from severance, exit and termination events, and other non-recurring costs from payroll tax audits.
(4)Includes advisory fees in connection with M&A activities and non-recurring costs associated with our IPO and disposal of businesses.
(5)Includes inventory write-offs, legal fees and judgements in connection with non-recurring legal actions.
(6)Includes expenses for the share-based payments and for fixed cash compensation on stock options vested at period end under the 2019 and 2023 ESOP plans. Refer to Note 5. Share-Based Payments for additional information about the 2019 and 2023 ESOP plans.