Ameren (AS.US): Revenue and margin expected to be at the high end of guidance in 2024.

Ameren Sports (AS.US) has updated its earnings guidance. The company expects full-year revenue growth to be at the high end of its previous 16% to 17% guidance range, despite the increasing headwinds from unfavorable currency fluctuations in the fourth quarter of 2024. The company also expects its adjusted operating margin to be at the high end of its previous 10.5% to 11.0% guidance range for the full year of 2024.

In the balance sheet update, Ameren Sports announced that it had paid off all of its outstanding $1.2 billion term loan in the fourth quarter of last year. The company expects its adjusted net financial costs to be approximately $120 million in fiscal 2025, compared with its previous guidance of $180 million to $190 million.

Ameren Sports CEO Andrew Page said, "Despite the increasingly headwinds from currency, our business portfolio still achieved strong growth and profitability at the end of 2024." "Moreover, our recent financing and strong cash conversion in the fourth quarter enabled us to repay more than half of our debt by the end of the year and significantly reduced the leverage of the balance sheet."

Looking ahead, Andrew Page said Ameren Sports is capable of achieving sustainable long-term growth and margin expansion, led by the continued expansion of its flagship brands, Arc'teryx and Salomon footwear products.

Ameren Sports will report its fourth-quarter and full-year 2024 financial results on February 25, when it will provide detailed earnings and 2025 guidance.