Amer Sports (AS) 6-K19 Nov 24Management’s Discussion and Analysis of Financial Condition and Results of OperationsFinancial data

Company Profile

Document and Entity Information

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2024
Document Information [Line Items]
Document Type	6-K
Document Period End Date	Sep. 30, 2024
Entity File Number	001-41943
Entity Registrant Name	Amer Sports, Inc.
Entity Address, Address Line One	Cricket Square, Hutchins Drive
Entity Address, Address Line Two	P.O. Box 2681
Entity Address, City or Town	Grand Cayman
Entity Address, Postal Zip Code	KY1-1111
Entity Address, Country	KY
Entity Central Index Key	0001988894
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENT OF INCOME AND LOSS AND OTHER COMPREHENSIVE INCOME AND LOSS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Profit or loss [abstract]
Revenue	$ 1,353.8	$ 1,153.1	$ 3,547.8	$ 3,072.9
Cost of goods sold	(606.5)	(564.9)	(1,593.5)	(1,460.5)
Gross profit	747.3	588.2	1,954.3	1,612.4
Selling, general and administrative expenses	(586.5)	(488.1)	(1,698.1)	(1,368.5)
Impairment gains (losses)	0	2.9	(2.5)	(4.6)
Other operating income	15.9	1.7	23.5	3.3
Operating profit	176.7	104.7	277.2	242.6
Finance income	1.1	1.4	6.3	4.5
Finance cost	(48.9)	(109.4)	(178.9)	(296.6)
Loss on debt extinguishment	0	0	(14.3)	0
Net finance cost	(47.8)	(108)	(186.9)	(292.1)
Income/(loss) before tax	128.9	(3.3)	90.3	(49.5)
Income tax expense	(72.7)	(32.6)	(29)	(64.4)
Net income/(loss)	56.2	(35.9)	61.3	(113.9)
Income/(loss) attributable to:
Equity holders of the Company	55.8	(37.7)	57.2	(115.6)
Non-controlling interests	0.4	1.8	4.1	1.7
Net income/(loss)	$ 56.2	$ (35.9)	$ 61.3	$ (113.9)
Earnings/(Loss) per share
Basic earnings/(loss) per share (in USD per share)	$ 0.11	$ (0.10)	$ 0.12	$ (0.30)
Diluted earnings/(loss) per share (in USD per share)	$ 0.11	$ (0.10)	$ 0.12	$ (0.30)
Items that will not be reclassified to the statement of income and loss
Remeasurement effects of postemployment benefit plans	$ (3.4)	$ (2.1)	$ (7.7)	$ (8.2)
Income tax related to remeasurement effects	0.8	0.3	1.9	2
Items that subsequently may be reclassified to the statement of income and loss
Translation differences	84.6	89.8	128	18.6
Cash flow hedges	(59.8)	17	(36)	20.2
Income tax related to cash flow hedges	12	(3.4)	7.2	(4)
Other comprehensive income, net of tax	34.2	101.6	93.4	28.6
TOTAL COMPREHENSIVE INCOME/(LOSS)	90.4	65.7	154.7	(85.3)
Total comprehensive income/(loss) attributable to:
Equity holders of the Company	90	63.9	150.6	(87)
Non-controlling interests	$ 0.4	$ 1.8	$ 4.1	$ 1.7

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
NON-CURRENT ASSETS
Intangible assets	$ 2,748.9	$ 2,748.7
Goodwill	2,280.2	2,270
Property, plant and equipment	529.8	441.9
Right-of-use assets	482.7	317.1
Non-current financial assets	9	9.2
Other non-current assets	59.8	73.5
Deferred tax assets	169.7	161.7
TOTAL NON-CURRENT ASSETS	6,280.1	6,022.1
CURRENT ASSETS
Inventories	1,338.5	1,099.6
Accounts receivable, net	659.5	599.8
Prepaid expenses and other receivables	231.7	162.3
Current tax assets	6.6	6.6
Cash and cash equivalents	312	483.4
TOTAL CURRENT ASSETS	2,548.3	2,351.7
TOTAL ASSETS	8,828.4	8,373.8
EQUITY (DEFICIT)
Share capital	16.9	642.2
Share premium	2,135.8	0
Capital reserve	2,789.2	227.2
Cash flow hedge reserve	(39.4)	(10.6)
Accumulated deficit and other	(797.7)	(1,019)
Equity (deficit) attributable to equity holders of the parent company	4,104.8	(160.2)
Non-controlling interests	7.5	3.4
TOTAL EQUITY (DEFICIT)	4,112.3	(156.8)
LONG-TERM LIABILITIES
Lease liabilities	407.8	250.4
Loans from financial institutions	1,984.7	1,863.4
Loans from related parties	0	4,077
Defined benefit pension liabilities	17.5	23.9
Other long-term liabilities	47.3	29.4
Provisions	5.6	5.5
Long-term tax liabilities	13.3	32.1
Deferred tax liabilities	668.5	675
TOTAL LONG-TERM LIABILITIES	3,144.7	6,956.7
CURRENT LIABILITIES
Interest-bearing liabilities	286.1	381
Lease liabilities	108.8	89.4
Accounts payable	482.3	426.5
Other current liabilities	665.8	567.5
Provisions	28	29.9
Current tax liabilities	0.4	79.6
TOTAL CURRENT LIABILITIES	1,571.4	1,573.9
TOTAL LIABILITIES	4,716.1	8,530.6
TOTAL SHAREHOLDERS’ EQUITY (DEFICIT) AND LIABILITIES	$ 8,828.4	$ 8,373.8

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
NET CASH FLOW FROM OPERATING ACTIVITIES
Net income/(loss)	$ 61.3	$ (113.9)
Adjustments for:
Depreciation and amortization	196.5	158.5
Impairment losses	2.5	4.6
Loss on sale of subsidiary	5.6	0
Share-based payments for equity-settled options	16.7	0
Other non-cash valuation losses	6	11
Finance income	(6.3)	(4.5)
Finance cost	178.9	296.6
Loss on debt extinguishment	14.3	0
Income tax expense	29	64.4
Changes in:
Inventories	(239)	(309.9)
Trade receivables	(62.6)	(1.9)
Prepaid expenses and other receivables	(48.1)	(7)
Accounts payables	50.3	(41.9)
Other liabilities	94.6	13.8
Cash generated from operating activities	299.7	69.8
Interest paid	(159.9)	(86.2)
Interest received	6.6	4.8
Income taxes paid	(128.5)	(69.3)
Total net cash flows from/(used in) operating activities	17.9	(80.9)
NET CASH FLOW FROM INVESTING ACTIVITIES
Proceeds from sale of subsidiary	15.5	0
Acquisition of property, plant and equipment	(157)	(82.9)
Acquisition of intangible assets	(27.9)	(7.1)
Proceeds from sale of property, plant and equipment	0.9	0.4
Acquisition of right-of-use assets	(10.4)	(6.1)
Net cash flow used in investing activities	(178.9)	(95.6)
NET CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from short-term borrowings from financial institutions	235.4	50
Repayments of short-term borrowings from financial institutions	(176.1)	(35)
Net (repayments of)/proceeds from revolving credit facilities	(159.2)	165
Proceeds from long-term borrowings from financial institutions	2,027.3	0
Repayments of long-term borrowings from financial institutions	(1,896.8)	0
Repayments of long-term borrowings from related parties	(1,460.5)	(25.2)
Proceeds from share issuance	1,514.8	0
Proceeds from exercise of share options	2.4	0
Payments of lease liabilities	(78.3)	(57)
Payments of debt issuance costs	(8.7)	0
Settlements of forward contracts and balance sheet hedges	(25.2)	(5.4)
Release of derivative contract collateral	18.5	0.1
Other financing items	(7.9)	(20.3)
Net cash flow (used in)/from financing activities	(14.3)	72.2
CHANGE IN CASH AND CASH EQUIVALENTS	(175.3)	(104.4)
Cash and cash equivalents
Cash and cash equivalents at period end	312	284.2
Translation differences	3.9	(13.4)
Cash and cash equivalents at the beginning of the period	483.4	402
NON-CASH FINANCING ACTIVITIES
Equitization of related party loans and interest	$ 2,562	$ 164.4

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) - USD ($) $ in Millions	Total	Share capital	Share premium	Capital reserve	Cash flow hedge reserve	Translation differences	Remeasurements	Other reserves	Accumulated deficit	Accumulated deficit and other	Non-controlling interests
Beginning balance at Dec. 31, 2022	$ (73.9)	$ 642.2	$ 0	$ 0	$ (3.1)	$ 109.8	$ 37	$ (10.9)	$ (848.9)	$ (713)	$ 0
Other comprehensive income:
Translation differences	18.6					18.6				18.6
Remeasurement effects of postemployment benefit plans	(8.2)						(8.2)			(8.2)
Cash flow hedges	20.2				20.2
Income tax related to OCI	(2)				(4)		2			2
(Loss) income for the period	(113.9)								(115.6)	(115.6)	1.7
Total comprehensive income/(loss), net of tax	(85.3)				16.2	18.6	(6.2)		(115.6)	(103.2)	1.7
Transactions with owners:
Capital Contribution	164.4			164.4
Initial investment from non-controlling owners	3.6										3.6
Ending balance at Sep. 30, 2023	8.8	642.2	0	164.4	13.1	128.4	30.8	(10.9)	(964.5)	(816.2)	5.3
Beginning balance at Dec. 31, 2023	(156.8)	642.2	0	227.2	(10.6)	0.6	40.6	(2.7)	(1,057.5)	(1,019)	3.4
Other comprehensive income:
Translation differences	128					128				128
Remeasurement effects of postemployment benefit plans	(7.7)						(7.7)			(7.7)
Cash flow hedges	(36)				(36)
Income tax related to OCI	9.1				7.2		1.9			1.9
(Loss) income for the period	61.3								57.2	57.2	4.1
Total comprehensive income/(loss), net of tax	154.7				(28.8)	128	(5.8)		57.2	179.4	4.1
Transactions with owners:
Share-based payments	39.4							39.4		39.4
Income tax related to share-based payments	2.5							2.5		2.5
Elimination of Class A and B shares	(642.2)	(642.2)
Issuance of ordinary shares before IPO	642.2	13	629.2
Capital increase - IPO	1,569.7	3.9	1,565.8
IPO related transaction costs	(61.6)		(61.6)
Shares issued for exercise/vesting of share-based payments	2.4		2.4
Contribution of related party debt to equity	2,562			2,562
Ending balance at Sep. 30, 2024	$ 4,112.3	$ 16.9	$ 2,135.8	$ 2,789.2	$ (39.4)	$ 128.6	$ 34.8	$ 39.2	$ (1,000.3)	$ (797.7)	$ 7.5

THE COMPANY

THE COMPANY	9 Months Ended
THE COMPANY	Sep. 30, 2024
THE COMPANY
THE COMPANY	THE COMPANY Background and description of the business Amer Sports, Inc. (formerly Amer Sports Management Holding (Cayman) Limited) (the “Company”) was founded on January 3, 2020 and is incorporated and domiciled in Grand Cayman, the Cayman Islands. The Company’s registered office is Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman KY1-1111, Cayman Islands. The Company and its consolidated subsidiaries are referred to as the “Group” or “Amer Sports”. Amer Sports is a global portfolio of sport and outdoor brands, including Arc’teryx, Salomon, Wilson, Atomic and Peak Performance. Amer Sports manufactures, markets and sells sports equipment, apparel, and footwear through wholesale and direct to consumer ("DTC") channels globally and has a sales network in over 40 countries, with North America, Europe, Asia and China being the main market areas. On January 31, 2024, the Company completed the initial public offering (“IPO”) of 105,000,000 ordinary shares at an initial offering price of $13.00 and began trading on the New York Stock Exchange under the ticker “AS” on February 1, 2024. The IPO closed on February 5, 2024, raising $1.37 billion in gross proceeds, and the underwriters subsequently exercised a portion of their overallotment option to purchase additional shares of 7,875,000 at the initial offering price of $13.00, raising $102.4 million in additional gross proceeds on February 6, 2024. On February 8, 2024, the underwriters exercised the remaining portion of the option to purchase additional shares of 7,875,000 at the initial offering price of $13.00, raising an additional $102.4 million in further additional gross proceeds. Seasonality Although the Company operates in a number of sporting goods segments during all four seasons, its business is subject to seasonal fluctuations. Historically, the fourth quarter of a financial year has been the strongest quarter for the Group in terms of both net sales and profitability, primarily due to higher sales through the Company’s DTC channel compared to the rest of the year and a higher share of fall and winter collections in the Group’s Technical Apparel and Outdoor Performance segments. The Ball & Racquet Sports segment is generally more consistent across fiscal quarters. Working capital requirements typically increase throughout the second and third fiscal quarters as inventory builds to support the Group’s peak shipping and selling period which typically occurs from August to December. Cash provided by operating activities is typically highest in the first fiscal quarter due to the significant inflows associated with the peak selling season.

SUMMARY OF MATERIAL ACCOUNTING

SUMMARY OF MATERIAL ACCOUNTING POLICIES	9 Months Ended
SUMMARY OF MATERIAL ACCOUNTING POLICIES	Sep. 30, 2024
SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF MATERIAL ACCOUNTING POLICIES	SUMMARY OF MATERIAL ACCOUNTING POLICIES Basis of preparation These unaudited condensed consolidated interim financial statements as of and for the three and nine months ended September 30, 2024 have been prepared in accordance with International Accounting Standard (“IAS”) 34, Interim Financial Reporting as issued by the International Accounting Standards Board (“IASB”) as of January 1, 2024. The interim report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the annual report for the year ended December 31, 2023. The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period. The unaudited condensed consolidated interim financial statements are presented in millions of U.S. dollars (“$” or “USD”). Effective February 1, 2024, management determined that Amer Sports, Inc.’s functional currency changed from euro (“EUR”) to USD, which has been accounted for on a prospective basis. The change in functional currency was driven by the capital structure change of Amer Sports, Inc., due to the IPO, debt refinancing, and related transaction expenses incurred, which were primarily denominated in U.S. dollars. Future equity issuances and cash flows of the Company will be in USD. The presented figures and percentages are subject to rounding adjustments, which may cause discrepancies between the sum of the individual figures and the presented aggregated column and row totals. The figures have been prepared under the historical cost basis except for the revaluation of financial instruments that are measured at revalued amounts or fair values at the end of each reporting period as well as derivative financial instruments at fair value. The unaudited condensed consolidated interim financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of the business. In the third quarter of 2024, the Company changed its presentation of credit card processing fees in the consolidated statement of income and loss and other comprehensive income and loss, which were previously recorded as contra-revenue and have been reclassified as selling, general and administrative expenses. We believe this presentation better reflects the nature of the costs incurred by the Company. Prior year amounts have been reclassified to conform with current period presentation. The amounts reclassified were immaterial and had no impact on previously reported operating profit or net income/(loss). In the third quarter of 2024, the Company changed its presentation in the consolidated statement of cash flows to present net cash flows from revolving credit facilities with repayment terms less than three months separately from other short-term borrowings from financial institutions. The Company elected to make this reclassification as they believe it more appropriately reflects the nature of the source and use of the cash flows, and improves comparability to peers. Prior year amounts have been reclassified to conform with current period presentation. The change had no impact on net cash flow from financing activities or any other financial statement information. Pursuant to the agreement between the Company and Amer Sports Holding (Cayman) Limited ("JVCo"), a related party, interest incurred on the Investment Loan and Facility A Loan after December 31, 2022 was suspended. Refer to Note 17. Related Party Transactions for additional information. During the fourth quarter of 2023, the Company updated the presentation in the consolidated statement of cash flows for fiscal year ended December 31, 2023, to reclassify approximately $25.2 million of cash payments made to JVCo from interest paid, classified as operating cash flows, to repayments of long-term borrowings from related parties, classified as financing cash flows. The Company concluded that the adjustment was immaterial to the previously issued consolidated financial statements for the nine months ended September 30, 2023. New and amended standards and interpretations The Group has applied the following new and revised standards, amendments and interpretations that are required to be applied as of January 1, 2024: • IAS 1 (amendment): Classification of Liabilities as Current or Non-current, Non-current liabilities with Covenants - no material impact • IFRS 16 (amendment): Lease liability in a Sale and Leaseback - no material impact • IAS 7 and IFRS 7 (amendment): Supplier finance arrangements - no material impact Significant accounting judgments, estimates, and assumptions When preparing the unaudited condensed consolidated interim financial statements, the Group’s management makes judgments and estimates influencing the content of the unaudited condensed interim financial statements and it must exercise its judgment regarding the application of accounting policies. Management continuously evaluates the judgments and estimates it uses. The significant judgments made and the estimates used by management have been applied in the same manner as reported in the consolidated financial statements for the year ended December 31, 2023.

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
SEGMENT REPORTING	Sep. 30, 2024
Disclosure of operating segments [abstract]
SEGMENT REPORTING	SEGMENT REPORTING The Group’s Chief Operating Decision Maker (“CODM”) reviews results of operations to make decisions about allocating resources and assessing performance. Based on the current reporting structures, decision-making processes and considering the aggregation criteria in IFRS 8.12, Operating Segments , the Company identified three reportable segments: Technical Apparel, Outdoor Performance and Ball & Racquet Sports. The Company measures each segment’s performance based on revenue and adjusted operating profit as these are the measures used by the CODM for assessing the performance of operating segments and allocating resources. Information on reportable segments For the three months ended September 30, 2024 In millions Technical Apparel Outdoor Performance Ball & Racquet Sports Reconciliation 6 Group Revenue $ 520.0 $ 533.6 $ 300.2 $ - $ 1,353.8 Depreciation and amortization $ 33.9 $ 27.4 $ 8.7 $ 1.2 $ 71.2 Adjusted operating profit/(loss) $ 104.0 $ 93.4 $ 20.7 $ (23.1) $ 195.0 Adjustments PPA 1 (10.8) Restructuring expenses 2 (2.5) Expenses related to transaction activities 3 (2.3) Expenses related to certain legal proceedings 4 (1.4) Expenses related to share-based incentive plans 5 (1.3) Finance cost (48.9) Finance income 1.1 Income before tax $ 128.9 1 Purchase Price Adjustments ("PPA") include amortization and depreciation on the fair value adjustments of intangible and tangible assets resulting from Amer Sports' acquisition in 2019. For further information, please refer to Note 1. The Company in the Group’s annual report on Form 20-F for the year ended December 31, 2023. 2 Includes expenses for restructuring from severance, exit and termination events, and other non-recurring costs from payroll tax audits. 3 Includes advisory fees in connection with M&A activities and non-recurring costs associated with the IPO and disposal of businesses. 4 Includes legal fees and judgements in connection with non-recurring legal actions. 5 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 6. Share-Based Payments for additional information about the 2019 and 2023 ESOP plans. 6 Includes corporate expenses, which have not been allocated to the reportable segments. For the three months ended September 30, 2023 In millions Technical Apparel Outdoor Performance Ball & Racquet Sports Reconciliation 4 Group Revenue $ 388.7 $ 494.6 $ 269.8 $ - $ 1,153.1 Depreciation and amortization $ 22.2 $ 23.4 $ 6.8 $ 1.6 $ 54.1 Adjusted operating profit/(loss) $ 63.3 $ 88.3 $ 2.4 $ (20.5) $ 133.5 Adjustments PPA 1 (10.7) Restructuring expenses 2 (2.3) Expenses related to transaction activities 3 (15.8) Finance cost (109.4) Finance income 1.4 Loss before tax $ (3.3) 1 PPA includes amortization and depreciation on the fair value adjustments of intangible and tangible assets resulting from Amer Sports' acquisition in 2019. For further information, please refer to Note 1. The Company in the Group’s annual report on Form 20-F for the year ended December 31, 2023. 2 Includes expenses for restructuring from severance, exit and termination events. 3 Includes advisory fees in connection with M&A activities and non-recurring costs associated with the IPO and disposal of businesses. 4 Includes corporate expenses, which have not been allocated to the reportable segments. For the nine months ended September 30, 2024 In millions Technical Apparel Outdoor Performance Ball & Racquet Sports Reconciliation 6 Group Revenue $ 1,449.3 $ 1,241.2 $ 857.3 $ - $ 3,547.8 Depreciation and amortization $ 89.5 $ 77.9 $ 24.4 $ 4.7 $ 196.5 Adjusted operating profit/(loss) $ 279.1 $ 106.3 $ 34.6 $ (66.0) $ 354.0 Adjustments PPA 1 (32.2) Restructuring expenses 2 (12.2) Expenses related to transaction activities 3 (20.3) Expenses related to certain legal proceedings 4 (1.4) Expenses related to share-based incentive plans 5 (10.7) Finance cost (178.9) Loss on debt extinguishment (14.3) Finance income 6.3 Income before tax $ 90.3 1 PPA include amortization and depreciation on the fair value adjustments of intangible and tangible assets resulting from Amer Sports' acquisition in 2019. For further information, please refer to Note 1. The Company in the Group’s annual report on Form 20-F for the year ended December 31, 2023. 2 Includes expenses for restructuring from severance, exit and termination events, and other non-recurring costs from payroll tax audits. 3 Includes advisory fees in connection with M&A activities and non-recurring costs associated with the IPO and disposal of businesses. 4 Includes legal fees and judgments in connection with non-recurring legal actions. 5 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 6. Share-Based Payments for additional information about the 2019 and 2023 ESOP plans. 6 Includes corporate expenses, which have not been allocated to the reportable segments. For the nine months ended September 30, 2023 In millions Technical Apparel Outdoor Performance Ball & Racquet Sports Reconciliation 4 Group Revenue $ 1,054.7 $ 1,148.6 $ 869.6 $ - $ 3,072.9 Depreciation and amortization $ 63.3 $ 70.6 $ 19.8 $ 4.8 $ 158.5 Adjusted operating profit/(loss) $ 186.0 $ 103.2 $ 55.6 $ (49.2) $ 295.7 Adjustments PPA 1 (32.1) Restructuring expenses 2 (2.3) Expenses related to transaction activities 3 (18.7) Finance cost (296.6) Finance income 4.5 Loss before tax $ (49.5) 1 PPA includes amortization and depreciation on the fair value adjustments of intangible and tangible assets resulting from Amer Sports' acquisition in 2019. For further information, please refer to Note 1. The Company in the Group’s annual report on Form 20-F for the year ended December 31, 2023. 2 Includes expenses for restructuring from severance, exit and termination events. 3 Includes advisory fees in connection with M&A activities and non-recurring costs associated with the IPO and disposal of businesses. 4 Includes corporate expenses, which have not been allocated to the reportable segments. The Company does not present other items of the interim consolidated statement of income and loss and other comprehensive income and loss as well as assets and liabilities per segment as such information is not evaluated or used by the CODM for decision-making purposes on a regular basis. The majority (73.8% and 77.5% as of September 30, 2024 and December 31, 2023, respectively) of non-current assets, comprising of goodwill, other intangible assets, property, plant and equipment as well as right-of-use assets are owned from Finland. No other country is deemed individually material for the Group in all periods presented for the purpose of this disclosure.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS	Sep. 30, 2024
Disclosure of disaggregation of revenue from contracts with customers [abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS Amer Sports operates primarily in one industry — the design, manufacturing, distribution, selling and marketing of sporting goods, apparel and footwear. The Group is managed through its global brands supported by regional sales organizations and group wide platforms such as global operations and sourcing, IT and finance. Amer Sports brands operate in the following key categories: Technical Apparel, which includes Arc’teryx and Peak Performance. Outdoor Performance, which includes the Salomon, Atomic, and Armada brands. On May 1, 2024, the Company sold ENVE, which was part of the Outdoor Performance segment. The ENVE business represented less than 1% of the Company’s net revenue and was not considered material to the Company's consolidated results of operations. Ball & Racquet Sports, which includes Wilson, Demarini, Louisville Slugger, Evoshield, and ATEC. Geographic revenues are presented according to customers’ location. GEOGRAPHIC BREAKDOWN OF REVENUES Three months ended Nine months ended In millions 2024 2023 2024 2023 EMEA 1 $ 428.5 $ 413.0 $ 1,022.2 $ 1,003.0 Americas 2 487.8 455.0 1,274.6 1,237.7 Greater China 3 312.9 200.5 914.2 595.3 Asia Pacific 4 124.6 84.6 336.8 236.9 Total $ 1,353.8 $ 1,153.1 $ 3,547.8 $ 3,072.9 1 Consists of Europe, the Middle East and Africa. The revenue generated in this region primarily consists of sales in France, Germany, the UK, Austria, Switzerland, Sweden, Norway, Italy and Spain. No country in the region generated more than 10% of the total Group revenue in any of the periods presented. 2 Consists of the United States, Canada and certain countries in Latin America. Revenue generated in the United States comprised 27% and 29% of the total Group revenue for the three months ended September 30, 2024, and 2023, respectively, and 27% and 31% of the total Group revenue for the nine months ended September 30, 2024, and 2023, respectively. Except for the United States, no country in the region generated more than 10% of the total Group revenue in any of the periods presented. 3 Consists of Mainland China, Hong Kong, Taiwan and Macau. Revenue generated in Mainland China comprised 22% and 17% of the total Group revenue for the three months ended September 30, 2024, and 2023, respectively, and 24% and 18% of the total Group revenue for the nine months ended September 30, 2024, and 2023, respectively. Except for Mainland China, no country in the region generated more than 10% of the total Group revenue in any of the periods presented. 4 Excludes Greater China. The Company has its own sales companies in Japan, South Korea, Australia and Malaysia. No country in the region generated more than 10% of the total Group revenue in any of the periods presented. BREAKDOWN OF REVENUES BY SEGMENT Three months ended Nine months ended In millions 2024 2023 2024 2023 Technical Apparel $ 520.0 $ 388.7 $ 1,449.3 $ 1,054.7 Outdoor Performance 533.6 494.6 1,241.2 1,148.6 Ball & Racquet Sports 300.2 269.8 857.3 869.6 Total $ 1,353.8 $ 1,153.1 $ 3,547.8 $ 3,072.9 BREAKDOWN OF REVENUES BY CHANNEL Three months ended Nine months ended In millions 2024 2023 2024 2023 Wholesale $ 874.0 $ 812.0 $ 2,113.6 $ 2,052.8 DTC 479.8 341.1 1,434.2 1,020.1 Total $ 1,353.8 $ 1,153.1 $ 3,547.8 $ 3,072.9 The Company did not recognize 10% or more of total revenue with any single customer in any of the periods presented. CONTRACT BALANCES Contract liabilities amounted to $48.4 million and $25.0 million, as of September 30, 2024 and December 31, 2023 respectively, and primarily relate to deferred revenue as well as accrued discounts and rebates. The Company expects that these contract liabilities will result in revenue within one year.

SELLING, GENERAL AND ADMINISTRA

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	9 Months Ended
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	Sep. 30, 2024
Selling, general and administrative expense [abstract]
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	SELLING, GENERAL AND ADMINISTRATIVE EXPENSES Three months ended Nine months ended In millions 2024 2023 2024 2023 Selling and marketing expenses $ (421.4) $ (341.0) $ (1,203.8) $ (976.3) Administrative and other expenses (165.1) (147.1) (494.3) (392.2) Total $ (586.5) $ (488.1) $ (1,698.1) $ (1,368.5) In the fourth quarter of 2023, the Company updated the presentation of Selling and marketing expenses and Administrative and other expenses on the face of the consolidated statement of loss and other comprehensive income and loss starting with the year ended December 31, 2023 to combine the line items into one line item named Selling, general and administrative expenses, for all periods presented. The Company elected to make this reclassification as they believe it provides a more meaningful presentation to investors of the costs by function, and improves comparability to peers.

SHARE-BASED PAYMENTS

SHARE-BASED PAYMENTS	9 Months Ended
SHARE-BASED PAYMENTS	Sep. 30, 2024
Disclosure of terms and conditions of share-based payment arrangement [abstract]
SHARE-BASED PAYMENTS	SHARE-BASED PAYMENTS Employee Stock Ownership Plan 2019 and Employee Stock Ownership Plan 2023 The objectives of the Employee Stock Ownership Plan 2019 (“2019 ESOP”) and the Employee Stock Ownership Plan 2023 (“2023 ESOP”) are to align the interest of the shareholders and key employees in order to increase the value of the Company in the long-term, and to commit key employees to the Company. The 2019 ESOP and 2023 ESOP provide for awards in the form of stock options to the Group’s key employees, and it is an equity-settled arrangement. The maximum number of options under the 2019 ESOP and 2023 ESOP that may be granted is 3.0% and 1.2% respectively of all of the Company’s issued and outstanding shares. Subject to a participant’s continued employment, options granted under the 2019 ESOP and 2023 ESOP will vest upon satisfaction of vesting conditions set out in an award agreement and an exit event (an initial public offering of the shares of the Company or a sale of a controlling majority of the shares in the Company or Amer Sports Corporation or any of its holding companies or the sale of the majority of the business assets of the Group) (the “exit event”). In addition to an exit event, 35% of the options granted are time-vested, which vest ratably over a period of 3 to 5 years, 65% of the options granted are with Group and/or brand performances. The Company started recognizing share-based payment expenses for equity-settled awards and cash-settled awards during the fourth quarter of the year ended December 31, 2023, as management deemed the public offering of the shares of the Company probable as of December 28, 2023. The expenses were booked against Other reserves for the equity-settled awards and against Other liabilities for the cash-settled awards, which reflected the vesting through the date the awards became probable of being earned. Prior to the vesting of the option awards under the 2019 ESOP and 2023 ESOP plans, the Company made modifications of the terms of the awards. On December 28, 2023, the Company modified certain stock options under the 2019 ESOP and 2023 ESOP plans to increase the exercise price, with cash compensation payable upon vesting. For cash-settled awards, the modified terms have been reflected in the remeasurement of the liability as of December 31, 2023. On January 4, 2024, the exercise price currency of all options was converted from EUR to USD. On January 22, 2024, the Company removed the choice of settlement between cash and equity for certain employees. Thus, those options will be settled in equity instruments of the Company. On January 29, 2024, certain options granted with Group performance vesting conditions were modified to lower the threshold for vesting of certain options upon IPO. The incremental fair value of the modified options at the dates of the modifications was determined based on a Monte Carlo simulation model. For equity-settled awards, the incremental compensation cost will be recognized as an expense over the remaining vesting period, starting from the modification date. For cash-settled awards, the modified terms have been reflected in the remeasurement of the liability as of September 30, 2024. 2019 ESOP: The following table summarizes the activity of share options under the 2019 ESOP during the nine months ended September 30, 2024. Number of Weighted Outstanding at January 1, 2024 11,499,819 $ 9.40 Granted during the year - $ — Forfeited during the year (599,200) $ 10.20 Exercised during the year (300,000) $ 7.68 Outstanding at September 30, 2024 10,600,619 $ 9.40 Exercisable at September 30, 2024 6,745,305 $ 9.31 The options outstanding had a remaining weighted average contractual life of 5.25 years and 6.0 years at September 30, 2024 and December 31, 2023, respectively. 2023 ESOP: The following table summarizes the activity of share options under the 2023 ESOP during the nine months ended September 30, 2024. Number of Weighted Outstanding at January 1, 2024 3,411,636 $ 11.68 Granted during the year - $ — Forfeited during the year (88,166) $ 11.59 Exercised during the year - $ — Outstanding at September 30, 2024 3,323,470 $ 11.68 Exercisable at September 30, 2024 1,513,572 $ 11.65 The options outstanding had a remaining weighted average contractual life of 5.25 years and 6.0 years at September 30, 2024 and December 31, 2023, respectively. Fair value of options granted The fair value of the options has been measured using a Monte Carlo simulation model. Service and non-market performance conditions attached to the options were not taken into account in measuring fair value. The market performance condition was taken into account in measuring fair value. Equity-settled awards are measured on the grant date while cash-settled awards are remeasured until settlement. The inputs used in the measurement of the fair values of equity-settled awards at the respective modification dates and the re-measurement of the fair values of cash-settled awards at the period end dates were as follows: 2019 ESOP: Equity-settled awards Cash settled awards remeasured fair value at Cash compensation payable of group performance based options N/A $0.22 - $4.92 Fair value of underlying share at re-measurement dates $13.00 - $18.94 N/A Exercise price $7.70 - $12.63 N/A Expected volatility 39.8% - 44.4% 42.2% Expected life 1.03 - 5.19 years 0.09 - 1.75 years Expected dividends 0% 0% Risk-free interest rate 4.0% - 4.8% 4.6% 2023 ESOP: Equity-settled awards Cash settled awards remeasured fair value at Cash compensation payable of group performance based options N/A $0.23 - $3.69 Fair value of underlying share at re-measurement dates $13.00 - $18.94 N/A Exercise price $7.70 - $14.19 N/A Expected volatility 39.8% - 43.6% 42.2% Expected life 1.03 - 3.61 years 0.09 - 1.75 years Expected dividends 0% 0% Risk-free interest rate 4.1% - 4.8% 4.6% Expected volatility has been based on the historical volatility of the comparable companies’ share price, particularly over the historical period commensurate with the expected life of the options. Amer Sports, Inc. 2024 Omnibus Incentive Plan On January 31, 2024, the Board approved the Amer Sports, Inc. 2024 Omnibus Incentive Plan (the “Omnibus Incentive Plan”) which provides for restricted share units (“RSU”) including incentive stock options, nonqualified stock options, share appreciation rights, restricted shares, restricted share units, performance awards, other cash-based awards and other share-based awards. Under the Omnibus Incentive Plan, the Company is authorized to issue up to 40,500,010 shares, which includes forfeitures of awards under the 2019 ESOP and 2023 ESOP Plans. The Company made grants of restricted share units that generally vest ratably over a period of three years, subject to continued employment of the recipients. The Company also made grants of performance share units ("PSUs"), which generally vest at the end of a three-year period, subject to continued employment and the achievement of certain revenue and Adjusted EBITDA targets. The following table summarizes the activity in restricted share units and performance share units for employees and non-employee directors during the nine months ended September 30, 2024. Restricted Share Units Performance Share Units Number of Weighted Average Number of Weighted Average Outstanding at January 1, 2024 - $ - - $ - Granted during the year 1,101,085 $ 13.63 2,012,596 $ 14.55 Vested during the year (10,060) $ 13.64 - $ - Forfeited during the year (16,154) $ 13.64 (30,096) $ 14.55 Outstanding at September 30, 2024 1,074,871 $ 13.63 1,982,500 $ 14.55 The Company recorded expenses amounting to $4.9 million and $8.8 million for the three and nine months ended September 30, 2024, respectively, for RSUs and PSUs granted under the Omnibus Incentive Plan.

FINANCE INCOME AND COST

FINANCE INCOME AND COST	9 Months Ended
FINANCE INCOME AND COST	Sep. 30, 2024
FINANCE INCOME AND COST
FINANCE INCOME AND COST	FINANCE INCOME AND COST Three months ended Nine months ended In millions 2024 2023 2024 2023 Finance income $ 1.1 $ 1.4 $ 6.3 $ 4.5 Finance cost Interest cost to related parties - (58.7) (21.8) (165.8) Interest cost on other interest bearing debt (44.1) (48.3) (133.1) (122.4) Exchange rate losses - 0.3 (12.5) (1.0) Other finance cost (4.8) (2.7) (11.5) (7.4) (48.9) (109.4) (178.9) (296.6) Loss on debt extinguishment - - (14.3) - Net finance cost $ (47.8) $ (108.0) $ (186.9) $ (292.1) By February 16, 2024, all remaining borrowings under the old term loan facility under the Senior Facilities Agreement with a carrying value of $1.86 billion as of December 31, 2023 and the remaining borrowings from the bilateral facility with Standard Chartered and the old revolving credit facility under the Senior Facilities Agreement with a carrying value in the amount of $90 million and $291 million, respectively, as of December 31, 2023 were repaid. As a result of the repayment, the Company recorded a loss on the early extinguishment of debt of $14.3 million during the nine months ended September 30, 2024. Exchange rate losses for the nine months ended September 30, 2024 includes approximately $18.0 million of losses related to contract costs incurred in association with our IPO.

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2024
Major components of tax expense (income) [abstract]
INCOME TAXES	INCOME TAXES In accordance with IAS 34, Interim Financial Reporting, income tax expense for the condensed consolidated interim financial statements is calculated on the basis of the average annual tax rate that is expected for the entire fiscal year, adjusted for the tax effect of certain items recognized in the interim period. As such, the effective tax rate in the consolidated interim financial statements may differ from management’s best estimate of the effective rate. Income tax expense was $72.7 million for the three months ended September 30, 2024, compared to $32.6 million for the three months ended September 30, 2023. The effective tax rate was 56% and (988)% for the three months ended September 30, 2024, and 2023, respectively. The three months ended September 30, 2024, included withholding tax expenses of $8.4 million, offset by a favorable return to provision adjustment of $6.2 million. The effective tax rate of (988)% for the three and months ended September 30, 2023, was due to high non-deductible interest expenses on related party loans, which were subsequently refinanced. The effective tax rate was 32% and (130)% for the nine months ended September 30, 2024 and 2023, respectively. The nine months ended September 30, 2024, included a discrete tax benefit of $19.9 million due to the reversal of uncertain tax positions as a result of the closure of tax audits and expiration of statute of limitations, which was partially offset by withholding tax expense of $11.0 million. The effective tax rate of (130)% for the the nine months ended September 30, 2023, is due to non-deductible interest expenses on related party loans, which were subsequently refinanced. The Organization for Economic Co-operation and Development Pillar Two guidelines published to date include transition and safe harbor rules around the implementation of the Pillar Two global minimum tax of 15%. Based on current enacted legislation effective in 2024, the legislation does not have a material impact on the Group’s financial results. The Company is monitoring developments and evaluating the impacts these new rules will have on its future income tax provision and effective income tax rate.

INTANGIBLES ASSETS

INTANGIBLES ASSETS	9 Months Ended
INTANGIBLES ASSETS	Sep. 30, 2024
Disclosure of detailed information about intangible assets [abstract]
INTANGIBLES ASSETS	INTANGIBLE ASSETS Impairment review Impairment tests of goodwill and intangible assets with indefinite useful lives, such as trademarks, are performed when management has identified indications of impairment or once a year when business plans for the next strategic planning horizon are approved by management. Goodwill is monitored by management at Cash Generating Unit (“CGU”) level, the level at which it and other intangible assets with indefinite lives are tested for impairment. The CGUs in the Group are the following: Winter Sports Equipment, Salomon, Arc’teryx, Ball & Racquet Sports, and Peak Performance. Management has considered whether any impairment indicators existed at the reporting date, and has concluded that the carrying amounts of goodwill and intangible assets with indefinite useful lives are fully recoverable as of September 30, 2024.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
PROPERTY, PLANT AND EQUIPMENT	Sep. 30, 2024
Disclosure of detailed information about property, plant and equipment [abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT In millions Land Buildings and Machinery Advances paid Property, Initial cost at January 1, 2024 $ 35.9 $ 374.9 $ 457.0 $ 74.9 $ 942.7 Additions - 42.3 21.2 90.3 153.8 Disposal of subsidiary - - (6.7) (0.4) (7.1) Disposals - (13.1) (9.4) (0.2) (22.7) Transfers - 74.1 28.3 (102.4) - Translation differences 0.4 3.7 3.8 (0.1) 7.8 Balance at September 30, 2024 $ 36.3 $ 481.9 $ 494.2 $ 62.1 $ 1,074.5 Accumulated depreciation and impairment losses at January 1, 2024 - 201.1 299.7 - 500.8 Depreciation during the period - 31.1 31.5 - 62.6 Disposal of subsidiary - - (4.3) - (4.3) Disposals - (10.5) (7.9) - (18.4) Translation differences - 1.6 2.4 - 4.0 Balance at September 30, 2024 - 223.3 321.4 - 544.7 Balance at September 30, 2024 $ 36.3 $ 258.6 $ 172.8 $ 62.1 $ 529.8

VALUATION PROVISIONS OF INVENTO

VALUATION PROVISIONS OF INVENTORIES	9 Months Ended
VALUATION PROVISIONS OF INVENTORIES	Sep. 30, 2024
Classes of current inventories [abstract]
VALUATION PROVISIONS OF INVENTORIES	INVENTORIES Gross and net inventories In millions September 30, December 31, Gross inventories $ 1,376.2 $ 1,129.0 Net realizable value valuation provision (37.7) (29.4) Net inventories $ 1,338.5 $ 1,099.6 In millions September 30, December 31, Net inventories Raw materials and consumables $ 42.3 $ 45.0 Work in progress 46.8 48.7 Finished goods 1,249.4 1,005.9 Total $ 1,338.5 $ 1,099.6

SHAREHOLDERS_ EQUITY_(DEFICIT)

SHAREHOLDERS’ EQUITY/(DEFICIT)	9 Months Ended
SHAREHOLDERS’ EQUITY/(DEFICIT)	Sep. 30, 2024
Disclosure of classes of share capital [abstract]
SHAREHOLDERS’ EQUITY/(DEFICIT)	SHAREHOLDERS’ EQUITY/(DEFICIT) The authorized share capital of the Company is EUR 75,000,000 divided into 2,495,175,000 shares of a nominal or par value of EUR 0.0300580119630888 each. As of September 30, 2024 there were 505,559,667 ordinary shares outstanding, amounting to share capital of $16.9 million. As of December 31, 2023 there were 115,220,745 A shares and 352,193 B shares outstanding, amounting to share capital of $642.2 million. Immediately prior to the completion of the IPO, the Company (i) redesignated and reclassified each of the issued and outstanding class A voting shares and each of the issued and outstanding class B non-voting shares into a single class of ordinary shares, each entitled to one vote per share (collectively, the “Reclassification”) and (ii) effected a 3.3269-for-1 share split of its ordinary shares (the “Share Split”). Following the Reclassification and the Share Split, but before giving effect to the IPO, the Company had 384,499,607 ordinary shares issued and outstanding. After giving effect to the IPO, the Company had 505,249,607 ordinary shares issued and outstanding. In addition to the Reclassification and the Share Split, the Company equitized a portion of Loans from related parties (comprised of the Investment Loan and Facility A Loan) in the amount of $2.54 billion (the “Equitization”), which resulted in an increase of Capital reserve. The Equitization is accounted for as a capital contribution. In connection with the IPO, the Company eliminated the line item Reserves and instead introduced the Share premium, Capital reserve, and Cash flow hedge reserve line items to be presented on the face of the consolidated statement of financial position. Certain amounts have been reclassified as of December 31, 2023 to conform to the current presentation. Share premium reflects the amount of IPO proceeds exceeding the par value. Capital reserve reflects the Equitization and suspension of interest relating to the Loans from related parties. Management believes that this presentation improves comparability to peers and investors’ understanding of the financial impact resulting from the IPO and the Equitization.

INTEREST-BEARING LIABILITIES

INTEREST-BEARING LIABILITIES	9 Months Ended
INTEREST-BEARING LIABILITIES	Sep. 30, 2024
INTEREST-BEARING LIABILITIES
INTEREST-BEARING LIABILITIES	INTEREST-BEARING LIABILITIES In millions Consolidated statement Nominal Loans from financial institutions $ 2,189.1 Long term 6.54% - 7.85% Lease liabilities 516.6 5.66 % Other interest-bearing liabilities 81.7 5.06% - 5.28% Total $ 2,787.4 In millions Consolidated statement Nominal Loans from financial institutions $ 2,154.4 Long term 7.65%, Loans from related parties 4,077.0 5.68%, 8.20% Lease liabilities 339.8 5.24 % Other interest-bearing liabilities 90.0 7.86 % Total $ 6,661.2 On February 16, 2024, the Company entered into a new credit agreement providing for (i) a new 7-year $500 million term loan facility ("USD Term Loan Facility"), (ii) a new 7-year EUR 700 million term loan facility ("EUR Term Loan Facility") and (iii) a new $710 million 5-year revolving credit facility (together, the “New Senior Secured Credit Facilities”). The Company also issued $800 million of 6.750% new senior secured notes on the same day. As of September 30, 2024, $128.8 million was outstanding on the Revolving Credit Facility and included in Interest-bearing liabilities on the consolidated statement of financial position. The net proceeds of the IPO, together with the net proceeds from the $500 million term loan facility, the EUR 700 million Term Loan Facility and the $800 million notes issuance and additional cash on hands were used to repay (i) all remaining borrowings under the old term loan facility under the Senior Facilities Agreement with a carrying value of $1.86 billion as of December 31, 2023 (recorded within Loans from financial institutions), (ii) the remaining borrowings from Loans from related parties after the Equitization as well as (iii) the remaining borrowings from the bilateral facility with Standard Chartered and the old revolving credit facility under the Senior Facilities Agreement with a carrying value in the amount of $90.0 million and $291.0 million, respectively, as of December 31, 2023 (both recorded within current interest-bearing liabilities). On September 2, 2024, Amer Sports Shanghai Trading Ltd., our wholly owned subsidiary, entered into a CNY 500 million unsecured working capital line of credit with China Merchants Bank Co., Ltd, which bears interest at 3.0%. The line of credit expires in September 2025. As of September 30, 2024, $71.3 million (based on the exchange rate on September 30, 2024), the full amount of the line of credit, was outstanding and included in Interest-bearing liabilities on the consolidated statement of financial position. On September 30, 2024, the Company prepaid $65.0 million on its USD Term Loan Facility as a result of improving working capital management and drawing down on its China working capital line of credit. Simultaneously, the Company repriced its USD Term Loan Facility and EUR Term Loan Facility. The USD Term Loan Facility bears interest at a rate per annum equal to, at the option of the Company, either (i) a term SOFR-based rate or (ii) a U.S. dollar base rate plus an applicable margin (provided, however, that the term SOFR-based rate shall be no less than 0.00% per annum and the U.S. dollar base rate shall be no less than 1.00% per annum at any time). The EUR Term Loan Facility bears interest at a rate per annum equal to EURIBOR plus an applicable margin (provided, however, that the EURIBOR based rate shall be no less than 0.00% per annum at any time). The repricing reduced the interest rate margins for borrowings under the USD Term Loan Facility from 3.00% - 3.25% to 2.50% - 2.75% for the SOFR-based rate and from 2.00% - 2.25% to 1.50% - 1.75% for the U.S. dollar base rate, and interest rate margins for borrowings under the EUR Term Loan Facility from 3.25% - 3.50% to 2.75% - 3.00%. There are no changes to the maturity of the USD and EUR Term Loan Facilities as a result of this repricing. The Company has elected the accounting policy to treat the repricing, a revision of an interest rate (or a component of an interest rate) in which the lender has a right to demand immediate repayment (or the borrower has an option to prepay) without significant penalty, as a re-estimation of the cash flows under the existing contract. The revised effective interest rate was used to discount the modified contractual cash flows. There was no gain or loss recorded on the repricing. The Company incurred $2.3 million of transaction costs as a result of the repricing, which have been recorded to Finance Cost in the consolidated statement of income and loss and other comprehensive income and loss for the three and nine months ended September 30, 2024.

OTHER LIABILITIES

OTHER LIABILITIES	9 Months Ended
OTHER LIABILITIES	Sep. 30, 2024
OTHER LIABILITIES
OTHER LIABILITIES	OTHER LIABILITIES Other current liabilities In millions September 30, December 31, Related to financing activities: Payables related to derivatives 41.8 31.2 Accrued interest 14.9 33.0 Related to operating and other activities: Accrued personnel costs 196.2 148.0 Accrued advertising and promotions 93.3 57.3 Sales & value-added taxes 62.9 25.7 Contract liabilities 48.4 25.0 Refund liabilities 47.5 35.5 Goods received not invoiced 33.0 25.7 Accrued royalties 6.8 8.5 Liabilities for share-based payments 3.0 18.5 Other accrued liabilities 118.0 159.2 Total $ 665.8 $ 567.5

PROVISIONS

PROVISIONS	9 Months Ended
PROVISIONS	Sep. 30, 2024
Classes of other provisions [abstract]
PROVISIONS	PROVISIONS In millions Product warranty Restructuring Other Total Balance at January 1, 2024 $ 24.2 $ 2.2 $ 9.0 $ 35.4 Translation differences 0.3 0.1 (0.6) (0.2) Provisions made during the period 6.3 10.4 0.4 17.1 Provisions used during the period (6.1) (11.6) (0.4) (18.1) Provisions reversed during the period (0.6) - - (0.6) Balance at September 30, 2024 $ 24.1 $ 1.1 $ 8.4 $ 33.6 Long-term provisions $ 5.6 Current provisions 28.0 Total $ 33.6 The majority of the provisions resulted from repair or replacement of products during their warranty period. The majority of warranty provisions are realized within one year.

COMMITMENTS

COMMITMENTS	9 Months Ended
COMMITMENTS	Sep. 30, 2024
Capital commitments [abstract]
COMMITMENTS	COMMITMENTS In millions September 30, December 31, Guarantees $ 19.1 $ 15.7 Other commitments 348.8 210.7 Other commitments primarily consist of long-term endorsement contracts with professional and non-professional sports leagues, certain short-term contracts, and contracts with brand ambassadors. There are no guarantees or contingencies given for the management of the Group, for the shareholders, or for the associated companies. Ongoing litigation The Group has extensive international operations and is involved in a number of legal proceedings, including product liability suits. Litigation is assessed on an ongoing basis by evaluating the probability of any potential financial impact. In management's opinion, we have adequate legal defenses, insurance coverage, or accrued liabilities with respect to such proceedings. We do not expect that any settlement would have a material adverse effect on the consolidated interim statement of income and loss and other comprehensive income or loss or consolidated interim statement of financial position.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
RELATED PARTY TRANSACTIONS	Sep. 30, 2024
Disclosure of transactions between related parties [abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The scope of related parties is consistent with those that were defined in the most recent Group’s annual report on Form 20-F, except that subsequent to the IPO, Amer Sports Management Company (Cayman) Limited, the Boards of Directors of Amer Sports Holding (Cayman) Limited and Amer Sports Holding 3 Oy, and the President and CEO of Amer Sports Corporation are no longer related parties. The Company's transactions with ANTA Sports comprise the following: Three months ended Nine months ended In millions 2024 2023 2024 2023 Purchases of goods and services from ANTA Sports and subsidiaries $ 8.5 $ 5.7 $ 21.4 $ 18.5 Sales to ANTA Sports and subsidiaries 10.8 0.1 21.6 0.3 Sales to ANTA Sports are based on the same conditions that apply to third parties. Key management includes the Board of Directors of Amer Sports, Inc., the Executive Committee, and the Executive Board. Key management prior to the IPO also included the Board of Directors of Amer Sports Holding 3 Oy. Compensation to key management recognized in earnings: Three months ended Nine months ended In millions 2024 2023 2024 2023 Salaries and other short-term employee benefits $ 7.1 $ 4.2 $ 18.8 $ 9.5 Post-employment benefits 0.1 0.1 0.4 0.4 Expenses related to share-based incentive plans 1 3.3 - 17.0 - Other long-term benefits - 0.1 0.1 0.2 Total $ 10.5 $ 4.4 $ 36.3 $ 10.1 1 Includes expenses for the share-based payments and for fixed cash compensation on stock options vested at period end. Remuneration of $0.1 million and $0.2 million was paid to the Board of Directors for the three and nine months ended September 30, 2024, respectively. No payments were made to the Board of Directors for the three and nine months ended September 30, 2023. Members of the Board of Directors do not have contractual retirement benefits with the Company, while certain members of the Board of Directors are participants to the Company’s Omnibus Incentive Plan. The Company was granted the following long-term loans from the former parent company, Amer Sports Holding (Cayman) Limited: In millions September 30, December 31, Long-term loans from the parent company: Investment Loan $ - $ 2,641.0 Facility A Loan - 1,436.5 Total $ - $ 4,077.5 At the Group level, the loan was netted by upfront fees related to the aforementioned loan. Three months ended Nine months ended In millions 2024 2023 2024 2023 Interest expenses to the parent company: Investment Loan $ - $ 54.7 $ 19.1 $ 151.7 Facility A Loan - 5.9 2.5 15.8 Total $ - $ 60.6 $ 21.6 $ 167.5 The Investment Loan was an unsecured loan from Amer Sports Holding (Cayman) Limited ("JVCo"). Borrowings thereunder accrued interest at a rate equal to the percentage rate per annum which was the aggregate of the applicable margin of 4.00%, 4.25% or 4.50%, depending on the current leverage ratio, and EURIBOR for any loans in EUR, plus 0.25%. Approximately EUR 2.3 billion of this loan was equitized immediately prior to the completion of the Company's IPO and EUR 125.5 million was set off against certain outstanding liabilities of Amer Sports Holding (Cayman) Limited, and all remaining liabilities were repaid in full in connection with the Company's IPO. The Facility A Loan was an unsecured loan from Amer Sports Holding (Cayman) Limited. Borrowings thereunder accrued interest at a rate equal to the percentage rate per annum which was the aggregate of the applicable margin of 2.00% or 1.75%, depending on the current leverage ratio, and EURIBOR, plus a margin to be determined from time to time. The Facility A Loan was repaid on February 6, 2024. For the Investment Loan and Facility A Loan, the accrual of interest under both loans was suspended subsequent to December 31, 2022 in contemplation of the IPO and the related Equitization. The suspension of interest as well as the Equitization were accounted for as capital contributions. Refer to Note 12. Shareholders' Equity/(Deficit) for further details on the Equitization. The following balances are outstanding at the end of the respective reporting periods in relation to transactions with related parties (except for the long-term loan from the parent company mentioned above): In millions September 30, December 31, ANTA Sports and subsidiaries Current payables (purchases of goods and services) $ 8.2 $ 6.3 Current receivables (sales of goods) 11.4 - Amer Sports Holding (Cayman) Limited Accounts receivable, net - 18.0 Other receivables - 13.3 Key management personnel Provisions short and long-term incentive 6.1 17.9 Amer Sports Management Company (Cayman) Limited Loans from related parties taken in 2022 - 11.9 Interest expenses - 0.8 Low Tide Properties Ltd. Right-of-use asset / Lease liability 0.7 0.9 Current payables to and receivables from ANTA Sports have a short term maturity, are interest free and not secured.

BALANCE SHEET VALUES OF FINANCI

BALANCE SHEET VALUES OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT CATEGORIES	9 Months Ended
	Sep. 30, 2024
Disclosure of detailed information about financial instruments [abstract]
BALANCE SHEET VALUES OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT CATEGORIES	BALANCE SHEET VALUES OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT CATEGORIES September 30, 2024 Financial assets/ Derivative financial Financial assets/ Financial assets Carrying In millions NON-CURRENT FINANCIAL ASSETS Other non-current financial assets $ - $ - $ 55.6 $ 9.0 $ 64.6 Promissory notes 4.1 Derivative financial instruments 1 Foreign exchange derivatives - 0.1 - - 0.1 CURRENT FINANCIAL ASSETS Hold-to-collect accounts receivable - - 629.2 - 629.2 Available-for-sale factoring receivables - - - 30.3 30.3 Other non-interest yielding receivables 2 - - 162.9 - 162.9 Promissory notes 2 - - - 2.6 2.6 Derivative financial instruments 1 Foreign exchange derivatives 10.3 5.6 - - 15.9 Cash and cash equivalents - - 312.0 - 312.0 Balance by category at September 30, 2024 $ 10.3 $ 5.7 $ 1,159.7 $ 46.0 $ 1,221.7 LONG-TERM FINANCIAL LIABILITIES Long-term interest-bearing liabilities $ - $ - $ 1,984.7 $ - $ 1,984.7 Long-term lease liabilities - - 407.8 - 407.8 Other long-term liabilities - - 23.7 - 23.7 Derivative financial instruments 1 Foreign exchange derivatives 1.1 1.5 - - 2.6 Interest rate derivatives - 21.0 - - 21.0 CURRENT FINANCIAL LIABILITIES Current interest-bearing liabilities - - 286.1 - 286.1 Current lease liabilities - - 108.8 - 108.8 Accounts payable - - 482.3 - 482.3 Other current liabilities 3 - - 552.1 - 552.1 Derivative financial instruments 1 Foreign exchange derivatives 6.1 37.0 - - 43.1 Interest rate derivatives - (1.3) - - (1.3) Balance by category at September 30, 2024 $ 7.2 $ 58.2 $ 3,845.5 $ - $ 3,910.9 December 31, 2023 Financial assets/ Derivative financial Financial assets/ Financial assets Carrying In millions NON-CURRENT FINANCIAL ASSETS Other non-current financial assets $ - $ - $ 70.2 $ 9.2 $ 79.4 Derivative financial instruments 1 Interest rate derivatives 3.3 - - - 3.3 CURRENT FINANCIAL ASSETS Hold-to-collect accounts receivable - - 597.2 - 597.2 Available-for-sale factoring receivables - - - 2.6 2.6 Other non-interest yielding receivables 2 - - 118.0 - 118.0 Promissory notes 2 - - - 6.8 6.8 Derivative financial instruments 1 Foreign exchange derivatives 3.9 8.5 - - 12.4 Interest rate derivatives - 0.8 - - 0.8 Cash and cash equivalents - - 483.4 - 483.4 Balance by category at December 31, 2023 $ 7.2 $ 9.3 $ 1,268.8 $ 18.6 $ 1,303.9 LONG-TERM FINANCIAL LIABILITIES Long-term interest-bearing liabilities $ - $ - $ 5,940.4 $ - $ 5,940.4 Long-term lease liabilities - - 250.4 - 250.4 Other long-term liabilities - - 27.6 - 27.6 Derivative financial instruments 1 Foreign exchange derivatives - 1.8 - - 1.8 CURRENT FINANCIAL LIABILITIES Current interest-bearing liabilities - - 381.0 - 381.0 Current lease liabilities - - 89.4 - 89.4 Accounts payable - - 426.5 - 426.5 Other current liabilities 3 - - 507.8 - 507.8 Derivative financial instruments 1 Foreign exchange derivatives 9.6 21.2 - - 30.8 Interest rate derivatives - 0.4 - - 0.4 Balance by category at December 31, 2023 $ 9.6 $ 23.4 $ 7,623.1 $ - $ 7,656.1 1 The values as per the consolidated interim statement of financial position of the derivatives have been recorded as they are disclosed in the Group’s consolidated statement of financial position and fair value reserve, and therefore cannot be reconciled with their actual fair values. In millions September 30, December 31, 2 Other non-interest yielding receivables Prepaid expenses and other receivables $ 231.7 $ 162.3 Less Other tax receivables 50.3 24.3 Derivative financial instruments 15.9 13.2 Promissory notes 2.6 6.8 Total other non-interest yielding receivables $ 162.9 $ 118.0 3 Other current liabilities $ 665.8 $ 567.5 Less Other tax liabilities 71.9 28.5 Derivative financial instruments 41.8 31.2 Total other current liabilities $ 552.1 $ 507.8 The following table presents the Group’s financial assets and liabilities that are measured at fair value at September 30, 2024: Level 1 Level 2 Level 3 Total Assets Financial assets at fair value through profit or loss $ - $ 10.3 $ - $ 10.3 Derivative financial instruments used in hedge accounting - 5.7 - 5.7 Other non-current financial assets at fair value through OCI - - 46.0 46.0 Total $ - $ 16.0 $ 46.0 $ 62.0 Liabilities Financial liabilities at fair value through profit or loss $ - $ 7.2 $ - $ 7.2 Derivative financial instruments used in hedge accounting - 58.2 - 58.2 Total $ - $ 65.4 $ - $ 65.4 The following table presents the Group’s financial assets and liabilities that are measured at fair value at December 31, 2023: Level 1 Level 2 Level 3 Total Assets Financial assets at fair value through profit or loss $ - $ 7.2 $ - $ 7.2 Derivative financial instruments used in hedge accounting - 9.3 - 9.3 Other non-current financial assets at fair value through OCI - - 18.6 18.6 Total $ - $ 16.5 $ 18.6 $ 35.1 Liabilities Financial liabilities at fair value through profit or loss $ - $ 9.6 $ - $ 9.6 Derivative financial instruments used in hedge accounting - 23.4 - 23.4 Total $ - $ 33.0 $ - $ 33.0 Carrying amounts of current financial instruments carried at amortized cost are reasonable approximation of fair value due to their short-term nature. As of September 30, 2024, the fair value of the Company’s long term loans from financial institutions, which are recorded at amortized cost, was $2,105.1 million compared to a carrying value of $2,082.5 million. Level 1: The fair value of financial instruments traded in active markets is based on quoted market prices at the end of the reporting period. The Group does not have any financial instrument included in Level 1. Level 2: The fair value of financial instruments that are not traded in an active market (e.g. over-the-counter derivatives) is determined using valuation techniques that maximize the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in Level 2. Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in Level 3. This is the case for unlisted equity securities. The Group’s policy is to recognize transfers into and out of fair value hierarchy levels at the end of the reporting period. There were no transfers between Levels 2 and 3 for recurring fair value measurements during the reporting period. The valuation process and valuation techniques, which are stated in the most recent consolidated annual financial statements, are applicable in the reporting period. Specific valuation techniques used to value financial instruments include: • for interest rate swaps and cross-currency swaps – the present value of the estimated future cash flows based on observable yield curves; • for foreign currency forwards – the present value of future cash flows based on the forward exchange rates at the end of the reporting period; and • for other financial instruments – discounted cash flow analysis. All of the resulting fair value estimates are included in Level 2, except for unlisted equity securities, promissory notes and available-for-sale factoring receivables, where the fair values have been determined based on present values and the discount rates used were adjusted for counterparty or own credit risk. In cases where credit risk of counterparty is low and maturity is short-term, the carrying amount of such instrument approximates its fair value. The following table shows the valuation technique used in measuring Level 3 fair values for financial instruments in the unaudited condensed consolidated interim statement of financial position, as well as the significant unobservable inputs used. Type Valuation technique Significant unobservable input Unlisted equity securities Market comparison approach: fair value of unlisted equity securities is determined by reference to market multiples of comparable listed companies, adjusted by discount for lack of marketability. (i) Sales growth factor Promissory notes The carrying amount approximates fair value due to the relatively short period to maturity of these instruments and low credit risk of counterparty. The carrying amount approximates fair value due to the relatively short period to maturity of these instruments and low credit risk of counterparty. Available-for-sale factoring receivables The carrying amount approximates fair value due to the short-term maturity of these instruments and low credit risk of counterparty. The carrying amount approximates fair value due to the short-term maturity of these instruments and low credit risk of counterparty. The following table presents the changes in Level 3 items during the period: In millions Unlisted equity securities Promissory notes Available-for-sale Total Opening balance January 1, 2024 $ 9.2 $ 6.8 $ 2.6 $ 18.6 Additions - 6.7 119.5 126.2 Disposals - (6.8) (91.8) (98.6) Losses recognized in OCI (0.1) - - (0.1) Closing balance September 30, 2024 $ 9.1 $ 6.7 $ 30.3 $ 46.1

EARNINGS_(LOSS) PER SHARE

EARNINGS/(LOSS) PER SHARE	9 Months Ended
EARNINGS/(LOSS) PER SHARE	Sep. 30, 2024
Earnings per share [abstract]
EARNINGS/(LOSS) PER SHARE	EARNINGS/(LOSS) PER SHARE The following table presents an overview of the calculated basic and diluted earnings/(loss) per share: Three months ended Nine months ended In millions (except for share and (loss)/earnings per share information) 2024 2023 2024 2023 Income/(loss) for the period, attributable to the owners of the Company $ 55.8 $ (37.7) $ 57.2 $ (115.6) Basic weighted-average number of ordinary shares 505,412,690 384,499,607 490,972,248 384,499,607 Diluted weighted-average number of ordinary shares 507,716,795 384,499,607 493,776,517 384,499,607 Basic earnings/(loss) per share $ 0.11 $ (0.10) $ 0.12 $ (0.30) Diluted earnings/(loss) per share $ 0.11 $ (0.10) $ 0.12 $ (0.30) The number of shares outstanding reflect a share split that became effective in January 2024, which was applied retrospectively to all periods presented. Refer to Note 12. Shareholders' Equity/(Deficit) for further details on the Share Split. For the three and nine months ended September 30, 2023, we incurred net losses and as a result, the inclusion of potentially dilutive shares relating to vested and unvested shares of restricted share units, performance share units, and stock options were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive. The weighted average potentially dilutive shares excluded were 4,471,989 and 3,638,675 for the three and nine months ended September 30, 2023, respectively . For the three and nine months ended September 30, 2024, 1,749,669 and 947,608 weighted average potentially dilutive shares outstanding related to unvested stock options and restricted share units were excluded from the computation of diluted earnings per share because their effects would have been anti-dilutive. In addition, for the three and nine months ended September 30, 2024, 6,197,863 and 5,497,086 weighted average potentially dilutive shares outstanding related to unvested performance share units and stock options were excluded from the computation of diluted earnings per share because issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2024
Disclosure of non-adjusting events after reporting period [abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSManagement has evaluated events subsequent to September 30, 2024 and through November 19, 2024 the date these unaudited condensed interim financial statements were issued. There were no events which occurred subsequent to September 30, 2024 that merited disclosure in these interim financial statements.

SUMMARY OF MATERIAL ACCOUNTIN_2

SUMMARY OF MATERIAL ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF MATERIAL ACCOUNTING POLICIES (Policies)	Sep. 30, 2024
SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation	The interim report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the annual report for the year ended December 31, 2023. The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period. The unaudited condensed consolidated interim financial statements are presented in millions of U.S. dollars (“$” or “USD”). Effective February 1, 2024, management determined that Amer Sports, Inc.’s functional currency changed from euro (“EUR”) to USD, which has been accounted for on a prospective basis. The change in functional currency was driven by the capital structure change of Amer Sports, Inc., due to the IPO, debt refinancing, and related transaction expenses incurred, which were primarily denominated in U.S. dollars. Future equity issuances and cash flows of the Company will be in USD. The presented figures and percentages are subject to rounding adjustments, which may cause discrepancies between the sum of the individual figures and the presented aggregated column and row totals. The figures have been prepared under the historical cost basis except for the revaluation of financial instruments that are measured at revalued amounts or fair values at the end of each reporting period as well as derivative financial instruments at fair value. The unaudited condensed consolidated interim financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of the business.
New and amended standards and interpretations	New and amended standards and interpretations The Group has applied the following new and revised standards, amendments and interpretations that are required to be applied as of January 1, 2024: • IAS 1 (amendment): Classification of Liabilities as Current or Non-current, Non-current liabilities with Covenants - no material impact • IFRS 16 (amendment): Lease liability in a Sale and Leaseback - no material impact • IAS 7 and IFRS 7 (amendment): Supplier finance arrangements - no material impact
Significant accounting judgments, estimates, and assumptions	Significant accounting judgments, estimates, and assumptions When preparing the unaudited condensed consolidated interim financial statements, the Group’s management makes judgments and estimates influencing the content of the unaudited condensed interim financial statements and it must exercise its judgment regarding the application of accounting policies. Management continuously evaluates the judgments and estimates it uses. The significant judgments made and the estimates used by management have been applied in the same manner as reported in the consolidated financial statements for the year ended December 31, 2023.
Carrying amounts of current financial instruments	Carrying amounts of current financial instruments carried at amortized cost are reasonable approximation of fair value due to their short-term nature. As of September 30, 2024, the fair value of the Company’s long term loans from financial institutions, which are recorded at amortized cost, was $2,105.1 million compared to a carrying value of $2,082.5 million. Level 1: The fair value of financial instruments traded in active markets is based on quoted market prices at the end of the reporting period. The Group does not have any financial instrument included in Level 1. Level 2: The fair value of financial instruments that are not traded in an active market (e.g. over-the-counter derivatives) is determined using valuation techniques that maximize the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in Level 2. Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in Level 3. This is the case for unlisted equity securities. The Group’s policy is to recognize transfers into and out of fair value hierarchy levels at the end of the reporting period. There were no transfers between Levels 2 and 3 for recurring fair value measurements during the reporting period. The valuation process and valuation techniques, which are stated in the most recent consolidated annual financial statements, are applicable in the reporting period. Specific valuation techniques used to value financial instruments include: • for interest rate swaps and cross-currency swaps – the present value of the estimated future cash flows based on observable yield curves; • for foreign currency forwards – the present value of future cash flows based on the forward exchange rates at the end of the reporting period; and • for other financial instruments – discounted cash flow analysis. All of the resulting fair value estimates are included in Level 2, except for unlisted equity securities, promissory notes and available-for-sale factoring receivables, where the fair values have been determined based on present values and the discount rates used were adjusted for counterparty or own credit risk. In cases where credit risk of counterparty is low and maturity is short-term, the carrying amount of such instrument approximates its fair value. The following table shows the valuation technique used in measuring Level 3 fair values for financial instruments in the unaudited condensed consolidated interim statement of financial position, as well as the significant unobservable inputs used. Type Valuation technique Significant unobservable input Unlisted equity securities Market comparison approach: fair value of unlisted equity securities is determined by reference to market multiples of comparable listed companies, adjusted by discount for lack of marketability. (i) Sales growth factor Promissory notes The carrying amount approximates fair value due to the relatively short period to maturity of these instruments and low credit risk of counterparty. The carrying amount approximates fair value due to the relatively short period to maturity of these instruments and low credit risk of counterparty. Available-for-sale factoring receivables The carrying amount approximates fair value due to the short-term maturity of these instruments and low credit risk of counterparty. The carrying amount approximates fair value due to the short-term maturity of these instruments and low credit risk of counterparty.

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
SEGMENT REPORTING (Tables)	Sep. 30, 2024
Disclosure of operating segments [abstract]
Schedule of information on reportable segments	For the three months ended September 30, 2024 In millions Technical Apparel Outdoor Performance Ball & Racquet Sports Reconciliation 6 Group Revenue $ 520.0 $ 533.6 $ 300.2 $ - $ 1,353.8 Depreciation and amortization $ 33.9 $ 27.4 $ 8.7 $ 1.2 $ 71.2 Adjusted operating profit/(loss) $ 104.0 $ 93.4 $ 20.7 $ (23.1) $ 195.0 Adjustments PPA 1 (10.8) Restructuring expenses 2 (2.5) Expenses related to transaction activities 3 (2.3) Expenses related to certain legal proceedings 4 (1.4) Expenses related to share-based incentive plans 5 (1.3) Finance cost (48.9) Finance income 1.1 Income before tax $ 128.9 1 Purchase Price Adjustments ("PPA") include amortization and depreciation on the fair value adjustments of intangible and tangible assets resulting from Amer Sports' acquisition in 2019. For further information, please refer to Note 1. The Company in the Group’s annual report on Form 20-F for the year ended December 31, 2023. 2 Includes expenses for restructuring from severance, exit and termination events, and other non-recurring costs from payroll tax audits. 3 Includes advisory fees in connection with M&A activities and non-recurring costs associated with the IPO and disposal of businesses. 4 Includes legal fees and judgements in connection with non-recurring legal actions. 5 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 6. Share-Based Payments for additional information about the 2019 and 2023 ESOP plans. 6 Includes corporate expenses, which have not been allocated to the reportable segments. For the three months ended September 30, 2023 In millions Technical Apparel Outdoor Performance Ball & Racquet Sports Reconciliation 4 Group Revenue $ 388.7 $ 494.6 $ 269.8 $ - $ 1,153.1 Depreciation and amortization $ 22.2 $ 23.4 $ 6.8 $ 1.6 $ 54.1 Adjusted operating profit/(loss) $ 63.3 $ 88.3 $ 2.4 $ (20.5) $ 133.5 Adjustments PPA 1 (10.7) Restructuring expenses 2 (2.3) Expenses related to transaction activities 3 (15.8) Finance cost (109.4) Finance income 1.4 Loss before tax $ (3.3) 1 PPA includes amortization and depreciation on the fair value adjustments of intangible and tangible assets resulting from Amer Sports' acquisition in 2019. For further information, please refer to Note 1. The Company in the Group’s annual report on Form 20-F for the year ended December 31, 2023. 2 Includes expenses for restructuring from severance, exit and termination events. 3 Includes advisory fees in connection with M&A activities and non-recurring costs associated with the IPO and disposal of businesses. 4 Includes corporate expenses, which have not been allocated to the reportable segments. For the nine months ended September 30, 2024 In millions Technical Apparel Outdoor Performance Ball & Racquet Sports Reconciliation 6 Group Revenue $ 1,449.3 $ 1,241.2 $ 857.3 $ - $ 3,547.8 Depreciation and amortization $ 89.5 $ 77.9 $ 24.4 $ 4.7 $ 196.5 Adjusted operating profit/(loss) $ 279.1 $ 106.3 $ 34.6 $ (66.0) $ 354.0 Adjustments PPA 1 (32.2) Restructuring expenses 2 (12.2) Expenses related to transaction activities 3 (20.3) Expenses related to certain legal proceedings 4 (1.4) Expenses related to share-based incentive plans 5 (10.7) Finance cost (178.9) Loss on debt extinguishment (14.3) Finance income 6.3 Income before tax $ 90.3 1 PPA include amortization and depreciation on the fair value adjustments of intangible and tangible assets resulting from Amer Sports' acquisition in 2019. For further information, please refer to Note 1. The Company in the Group’s annual report on Form 20-F for the year ended December 31, 2023. 2 Includes expenses for restructuring from severance, exit and termination events, and other non-recurring costs from payroll tax audits. 3 Includes advisory fees in connection with M&A activities and non-recurring costs associated with the IPO and disposal of businesses. 4 Includes legal fees and judgments in connection with non-recurring legal actions. 5 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 6. Share-Based Payments for additional information about the 2019 and 2023 ESOP plans. 6 Includes corporate expenses, which have not been allocated to the reportable segments. For the nine months ended September 30, 2023 In millions Technical Apparel Outdoor Performance Ball & Racquet Sports Reconciliation 4 Group Revenue $ 1,054.7 $ 1,148.6 $ 869.6 $ - $ 3,072.9 Depreciation and amortization $ 63.3 $ 70.6 $ 19.8 $ 4.8 $ 158.5 Adjusted operating profit/(loss) $ 186.0 $ 103.2 $ 55.6 $ (49.2) $ 295.7 Adjustments PPA 1 (32.1) Restructuring expenses 2 (2.3) Expenses related to transaction activities 3 (18.7) Finance cost (296.6) Finance income 4.5 Loss before tax $ (49.5) 1 PPA includes amortization and depreciation on the fair value adjustments of intangible and tangible assets resulting from Amer Sports' acquisition in 2019. For further information, please refer to Note 1. The Company in the Group’s annual report on Form 20-F for the year ended December 31, 2023. 2 Includes expenses for restructuring from severance, exit and termination events. 3 Includes advisory fees in connection with M&A activities and non-recurring costs associated with the IPO and disposal of businesses. 4 Includes corporate expenses, which have not been allocated to the reportable segments.

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	Sep. 30, 2024
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Schedule of geographic revenues are presented according to customers' location	Three months ended Nine months ended In millions 2024 2023 2024 2023 EMEA 1 $ 428.5 $ 413.0 $ 1,022.2 $ 1,003.0 Americas 2 487.8 455.0 1,274.6 1,237.7 Greater China 3 312.9 200.5 914.2 595.3 Asia Pacific 4 124.6 84.6 336.8 236.9 Total $ 1,353.8 $ 1,153.1 $ 3,547.8 $ 3,072.9 1 Consists of Europe, the Middle East and Africa. The revenue generated in this region primarily consists of sales in France, Germany, the UK, Austria, Switzerland, Sweden, Norway, Italy and Spain. No country in the region generated more than 10% of the total Group revenue in any of the periods presented. 2 Consists of the United States, Canada and certain countries in Latin America. Revenue generated in the United States comprised 27% and 29% of the total Group revenue for the three months ended September 30, 2024, and 2023, respectively, and 27% and 31% of the total Group revenue for the nine months ended September 30, 2024, and 2023, respectively. Except for the United States, no country in the region generated more than 10% of the total Group revenue in any of the periods presented. 3 Consists of Mainland China, Hong Kong, Taiwan and Macau. Revenue generated in Mainland China comprised 22% and 17% of the total Group revenue for the three months ended September 30, 2024, and 2023, respectively, and 24% and 18% of the total Group revenue for the nine months ended September 30, 2024, and 2023, respectively. Except for Mainland China, no country in the region generated more than 10% of the total Group revenue in any of the periods presented. 4 Excludes Greater China. The Company has its own sales companies in Japan, South Korea, Australia and Malaysia. No country in the region generated more than 10% of the total Group revenue in any of the periods presented.
Schedule of breakdown of revenue by segments and channels	Three months ended Nine months ended In millions 2024 2023 2024 2023 Technical Apparel $ 520.0 $ 388.7 $ 1,449.3 $ 1,054.7 Outdoor Performance 533.6 494.6 1,241.2 1,148.6 Ball & Racquet Sports 300.2 269.8 857.3 869.6 Total $ 1,353.8 $ 1,153.1 $ 3,547.8 $ 3,072.9 Three months ended Nine months ended In millions 2024 2023 2024 2023 Wholesale $ 874.0 $ 812.0 $ 2,113.6 $ 2,052.8 DTC 479.8 341.1 1,434.2 1,020.1 Total $ 1,353.8 $ 1,153.1 $ 3,547.8 $ 3,072.9

SELLING, GENERAL AND ADMINIST_2

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	9 Months Ended
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	Sep. 30, 2024
Selling, general and administrative expense [abstract]
Schedule of selling, general and administrative expenses	Three months ended Nine months ended In millions 2024 2023 2024 2023 Selling and marketing expenses $ (421.4) $ (341.0) $ (1,203.8) $ (976.3) Administrative and other expenses (165.1) (147.1) (494.3) (392.2) Total $ (586.5) $ (488.1) $ (1,698.1) $ (1,368.5)

SHARE-BASED PAYMENTS (Tables)

SHARE-BASED PAYMENTS (Tables)	9 Months Ended
SHARE-BASED PAYMENTS (Tables)	Sep. 30, 2024
Disclosure of terms and conditions of share-based payment arrangement [abstract]
Schedule of number and weighted-average exercise prices of share options	The following table summarizes the activity of share options under the 2019 ESOP during the nine months ended September 30, 2024. Number of Weighted Outstanding at January 1, 2024 11,499,819 $ 9.40 Granted during the year - $ — Forfeited during the year (599,200) $ 10.20 Exercised during the year (300,000) $ 7.68 Outstanding at September 30, 2024 10,600,619 $ 9.40 Exercisable at September 30, 2024 6,745,305 $ 9.31 The following table summarizes the activity of share options under the 2023 ESOP during the nine months ended September 30, 2024. Number of Weighted Outstanding at January 1, 2024 3,411,636 $ 11.68 Granted during the year - $ — Forfeited during the year (88,166) $ 11.59 Exercised during the year - $ — Outstanding at September 30, 2024 3,323,470 $ 11.68 Exercisable at September 30, 2024 1,513,572 $ 11.65
Schedule of fair value of option granted	The inputs used in the measurement of the fair values of equity-settled awards at the respective modification dates and the re-measurement of the fair values of cash-settled awards at the period end dates were as follows: 2019 ESOP: Equity-settled awards Cash settled awards remeasured fair value at Cash compensation payable of group performance based options N/A $0.22 - $4.92 Fair value of underlying share at re-measurement dates $13.00 - $18.94 N/A Exercise price $7.70 - $12.63 N/A Expected volatility 39.8% - 44.4% 42.2% Expected life 1.03 - 5.19 years 0.09 - 1.75 years Expected dividends 0% 0% Risk-free interest rate 4.0% - 4.8% 4.6% 2023 ESOP: Equity-settled awards Cash settled awards remeasured fair value at Cash compensation payable of group performance based options N/A $0.23 - $3.69 Fair value of underlying share at re-measurement dates $13.00 - $18.94 N/A Exercise price $7.70 - $14.19 N/A Expected volatility 39.8% - 43.6% 42.2% Expected life 1.03 - 3.61 years 0.09 - 1.75 years Expected dividends 0% 0% Risk-free interest rate 4.1% - 4.8% 4.6%
Schedule of activity in restricted share units and performance share units	The following table summarizes the activity in restricted share units and performance share units for employees and non-employee directors during the nine months ended September 30, 2024. Restricted Share Units Performance Share Units Number of Weighted Average Number of Weighted Average Outstanding at January 1, 2024 - $ - - $ - Granted during the year 1,101,085 $ 13.63 2,012,596 $ 14.55 Vested during the year (10,060) $ 13.64 - $ - Forfeited during the year (16,154) $ 13.64 (30,096) $ 14.55 Outstanding at September 30, 2024 1,074,871 $ 13.63 1,982,500 $ 14.55

FINANCE INCOME AND COST (Tables

FINANCE INCOME AND COST (Tables)	9 Months Ended
FINANCE INCOME AND COST (Tables)	Sep. 30, 2024
FINANCE INCOME AND COST
Schedule of finance income and cost	Three months ended Nine months ended In millions 2024 2023 2024 2023 Finance income $ 1.1 $ 1.4 $ 6.3 $ 4.5 Finance cost Interest cost to related parties - (58.7) (21.8) (165.8) Interest cost on other interest bearing debt (44.1) (48.3) (133.1) (122.4) Exchange rate losses - 0.3 (12.5) (1.0) Other finance cost (4.8) (2.7) (11.5) (7.4) (48.9) (109.4) (178.9) (296.6) Loss on debt extinguishment - - (14.3) - Net finance cost $ (47.8) $ (108.0) $ (186.9) $ (292.1)

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
PROPERTY, PLANT AND EQUIPMENT (Tables)	Sep. 30, 2024
Disclosure of detailed information about property, plant and equipment [abstract]
Schedule of detail information about property, plant and equipment	In millions Land Buildings and Machinery Advances paid Property, Initial cost at January 1, 2024 $ 35.9 $ 374.9 $ 457.0 $ 74.9 $ 942.7 Additions - 42.3 21.2 90.3 153.8 Disposal of subsidiary - - (6.7) (0.4) (7.1) Disposals - (13.1) (9.4) (0.2) (22.7) Transfers - 74.1 28.3 (102.4) - Translation differences 0.4 3.7 3.8 (0.1) 7.8 Balance at September 30, 2024 $ 36.3 $ 481.9 $ 494.2 $ 62.1 $ 1,074.5 Accumulated depreciation and impairment losses at January 1, 2024 - 201.1 299.7 - 500.8 Depreciation during the period - 31.1 31.5 - 62.6 Disposal of subsidiary - - (4.3) - (4.3) Disposals - (10.5) (7.9) - (18.4) Translation differences - 1.6 2.4 - 4.0 Balance at September 30, 2024 - 223.3 321.4 - 544.7 Balance at September 30, 2024 $ 36.3 $ 258.6 $ 172.8 $ 62.1 $ 529.8

VALUATION PROVISIONS OF INVEN_2

VALUATION PROVISIONS OF INVENTORIES (Tables)	9 Months Ended
VALUATION PROVISIONS OF INVENTORIES (Tables)	Sep. 30, 2024
Classes of current inventories [abstract]
Schedule of gross and net inventories	In millions September 30, December 31, Gross inventories $ 1,376.2 $ 1,129.0 Net realizable value valuation provision (37.7) (29.4) Net inventories $ 1,338.5 $ 1,099.6 In millions September 30, December 31, Net inventories Raw materials and consumables $ 42.3 $ 45.0 Work in progress 46.8 48.7 Finished goods 1,249.4 1,005.9 Total $ 1,338.5 $ 1,099.6

INTEREST-BEARING LIABILITIES (T

INTEREST-BEARING LIABILITIES (Tables)	9 Months Ended
INTEREST-BEARING LIABILITIES (Tables)	Sep. 30, 2024
INTEREST-BEARING LIABILITIES
Schedule of interest-bearing liabilities	In millions Consolidated statement Nominal Loans from financial institutions $ 2,189.1 Long term 6.54% - 7.85% Lease liabilities 516.6 5.66 % Other interest-bearing liabilities 81.7 5.06% - 5.28% Total $ 2,787.4 In millions Consolidated statement Nominal Loans from financial institutions $ 2,154.4 Long term 7.65%, Loans from related parties 4,077.0 5.68%, 8.20% Lease liabilities 339.8 5.24 % Other interest-bearing liabilities 90.0 7.86 % Total $ 6,661.2

OTHER LIABILITIES (Tables)

OTHER LIABILITIES (Tables)	9 Months Ended
OTHER LIABILITIES (Tables)	Sep. 30, 2024
OTHER LIABILITIES
Schedule of current other liabilities	In millions September 30, December 31, Related to financing activities: Payables related to derivatives 41.8 31.2 Accrued interest 14.9 33.0 Related to operating and other activities: Accrued personnel costs 196.2 148.0 Accrued advertising and promotions 93.3 57.3 Sales & value-added taxes 62.9 25.7 Contract liabilities 48.4 25.0 Refund liabilities 47.5 35.5 Goods received not invoiced 33.0 25.7 Accrued royalties 6.8 8.5 Liabilities for share-based payments 3.0 18.5 Other accrued liabilities 118.0 159.2 Total $ 665.8 $ 567.5

PROVISIONS (Tables)

PROVISIONS (Tables)	9 Months Ended
PROVISIONS (Tables)	Sep. 30, 2024
Classes of other provisions [abstract]
Schedule of provisions	In millions Product warranty Restructuring Other Total Balance at January 1, 2024 $ 24.2 $ 2.2 $ 9.0 $ 35.4 Translation differences 0.3 0.1 (0.6) (0.2) Provisions made during the period 6.3 10.4 0.4 17.1 Provisions used during the period (6.1) (11.6) (0.4) (18.1) Provisions reversed during the period (0.6) - - (0.6) Balance at September 30, 2024 $ 24.1 $ 1.1 $ 8.4 $ 33.6 Long-term provisions $ 5.6 Current provisions 28.0 Total $ 33.6

COMMITMENTS (Tables)

COMMITMENTS (Tables)	9 Months Ended
COMMITMENTS (Tables)	Sep. 30, 2024
Capital commitments [abstract]
Schedule of disclosure of commitment	In millions September 30, December 31, Guarantees $ 19.1 $ 15.7 Other commitments 348.8 210.7

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Sep. 30, 2024
Disclosure of transactions between related parties [abstract]
Schedule of related parties and related parties transactions	The Company's transactions with ANTA Sports comprise the following: Three months ended Nine months ended In millions 2024 2023 2024 2023 Purchases of goods and services from ANTA Sports and subsidiaries $ 8.5 $ 5.7 $ 21.4 $ 18.5 Sales to ANTA Sports and subsidiaries 10.8 0.1 21.6 0.3 Compensation to key management recognized in earnings: Three months ended Nine months ended In millions 2024 2023 2024 2023 Salaries and other short-term employee benefits $ 7.1 $ 4.2 $ 18.8 $ 9.5 Post-employment benefits 0.1 0.1 0.4 0.4 Expenses related to share-based incentive plans 1 3.3 - 17.0 - Other long-term benefits - 0.1 0.1 0.2 Total $ 10.5 $ 4.4 $ 36.3 $ 10.1 1 Includes expenses for the share-based payments and for fixed cash compensation on stock options vested at period end. The Company was granted the following long-term loans from the former parent company, Amer Sports Holding (Cayman) Limited: In millions September 30, December 31, Long-term loans from the parent company: Investment Loan $ - $ 2,641.0 Facility A Loan - 1,436.5 Total $ - $ 4,077.5 At the Group level, the loan was netted by upfront fees related to the aforementioned loan. Three months ended Nine months ended In millions 2024 2023 2024 2023 Interest expenses to the parent company: Investment Loan $ - $ 54.7 $ 19.1 $ 151.7 Facility A Loan - 5.9 2.5 15.8 Total $ - $ 60.6 $ 21.6 $ 167.5 The following balances are outstanding at the end of the respective reporting periods in relation to transactions with related parties (except for the long-term loan from the parent company mentioned above): In millions September 30, December 31, ANTA Sports and subsidiaries Current payables (purchases of goods and services) $ 8.2 $ 6.3 Current receivables (sales of goods) 11.4 - Amer Sports Holding (Cayman) Limited Accounts receivable, net - 18.0 Other receivables - 13.3 Key management personnel Provisions short and long-term incentive 6.1 17.9 Amer Sports Management Company (Cayman) Limited Loans from related parties taken in 2022 - 11.9 Interest expenses - 0.8 Low Tide Properties Ltd. Right-of-use asset / Lease liability 0.7 0.9

BALANCE SHEET VALUES OF FINAN_2

BALANCE SHEET VALUES OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT CATEGORIES (Tables)	9 Months Ended
	Sep. 30, 2024
Disclosure of detailed information about financial instruments [abstract]
Schedule of financial assets and liabilities by measurement categories	September 30, 2024 Financial assets/ Derivative financial Financial assets/ Financial assets Carrying In millions NON-CURRENT FINANCIAL ASSETS Other non-current financial assets $ - $ - $ 55.6 $ 9.0 $ 64.6 Promissory notes 4.1 Derivative financial instruments 1 Foreign exchange derivatives - 0.1 - - 0.1 CURRENT FINANCIAL ASSETS Hold-to-collect accounts receivable - - 629.2 - 629.2 Available-for-sale factoring receivables - - - 30.3 30.3 Other non-interest yielding receivables 2 - - 162.9 - 162.9 Promissory notes 2 - - - 2.6 2.6 Derivative financial instruments 1 Foreign exchange derivatives 10.3 5.6 - - 15.9 Cash and cash equivalents - - 312.0 - 312.0 Balance by category at September 30, 2024 $ 10.3 $ 5.7 $ 1,159.7 $ 46.0 $ 1,221.7 LONG-TERM FINANCIAL LIABILITIES Long-term interest-bearing liabilities $ - $ - $ 1,984.7 $ - $ 1,984.7 Long-term lease liabilities - - 407.8 - 407.8 Other long-term liabilities - - 23.7 - 23.7 Derivative financial instruments 1 Foreign exchange derivatives 1.1 1.5 - - 2.6 Interest rate derivatives - 21.0 - - 21.0 CURRENT FINANCIAL LIABILITIES Current interest-bearing liabilities - - 286.1 - 286.1 Current lease liabilities - - 108.8 - 108.8 Accounts payable - - 482.3 - 482.3 Other current liabilities 3 - - 552.1 - 552.1 Derivative financial instruments 1 Foreign exchange derivatives 6.1 37.0 - - 43.1 Interest rate derivatives - (1.3) - - (1.3) Balance by category at September 30, 2024 $ 7.2 $ 58.2 $ 3,845.5 $ - $ 3,910.9 December 31, 2023 Financial assets/ Derivative financial Financial assets/ Financial assets Carrying In millions NON-CURRENT FINANCIAL ASSETS Other non-current financial assets $ - $ - $ 70.2 $ 9.2 $ 79.4 Derivative financial instruments 1 Interest rate derivatives 3.3 - - - 3.3 CURRENT FINANCIAL ASSETS Hold-to-collect accounts receivable - - 597.2 - 597.2 Available-for-sale factoring receivables - - - 2.6 2.6 Other non-interest yielding receivables 2 - - 118.0 - 118.0 Promissory notes 2 - - - 6.8 6.8 Derivative financial instruments 1 Foreign exchange derivatives 3.9 8.5 - - 12.4 Interest rate derivatives - 0.8 - - 0.8 Cash and cash equivalents - - 483.4 - 483.4 Balance by category at December 31, 2023 $ 7.2 $ 9.3 $ 1,268.8 $ 18.6 $ 1,303.9 LONG-TERM FINANCIAL LIABILITIES Long-term interest-bearing liabilities $ - $ - $ 5,940.4 $ - $ 5,940.4 Long-term lease liabilities - - 250.4 - 250.4 Other long-term liabilities - - 27.6 - 27.6 Derivative financial instruments 1 Foreign exchange derivatives - 1.8 - - 1.8 CURRENT FINANCIAL LIABILITIES Current interest-bearing liabilities - - 381.0 - 381.0 Current lease liabilities - - 89.4 - 89.4 Accounts payable - - 426.5 - 426.5 Other current liabilities 3 - - 507.8 - 507.8 Derivative financial instruments 1 Foreign exchange derivatives 9.6 21.2 - - 30.8 Interest rate derivatives - 0.4 - - 0.4 Balance by category at December 31, 2023 $ 9.6 $ 23.4 $ 7,623.1 $ - $ 7,656.1 1 The values as per the consolidated interim statement of financial position of the derivatives have been recorded as they are disclosed in the Group’s consolidated statement of financial position and fair value reserve, and therefore cannot be reconciled with their actual fair values. In millions September 30, December 31, 2 Other non-interest yielding receivables Prepaid expenses and other receivables $ 231.7 $ 162.3 Less Other tax receivables 50.3 24.3 Derivative financial instruments 15.9 13.2 Promissory notes 2.6 6.8 Total other non-interest yielding receivables $ 162.9 $ 118.0 3 Other current liabilities $ 665.8 $ 567.5 Less Other tax liabilities 71.9 28.5 Derivative financial instruments 41.8 31.2 Total other current liabilities $ 552.1 $ 507.8
Schedule of fair value of financial assets and liabilities	The following table presents the Group’s financial assets and liabilities that are measured at fair value at September 30, 2024: Level 1 Level 2 Level 3 Total Assets Financial assets at fair value through profit or loss $ - $ 10.3 $ - $ 10.3 Derivative financial instruments used in hedge accounting - 5.7 - 5.7 Other non-current financial assets at fair value through OCI - - 46.0 46.0 Total $ - $ 16.0 $ 46.0 $ 62.0 Liabilities Financial liabilities at fair value through profit or loss $ - $ 7.2 $ - $ 7.2 Derivative financial instruments used in hedge accounting - 58.2 - 58.2 Total $ - $ 65.4 $ - $ 65.4 The following table presents the Group’s financial assets and liabilities that are measured at fair value at December 31, 2023: Level 1 Level 2 Level 3 Total Assets Financial assets at fair value through profit or loss $ - $ 7.2 $ - $ 7.2 Derivative financial instruments used in hedge accounting - 9.3 - 9.3 Other non-current financial assets at fair value through OCI - - 18.6 18.6 Total $ - $ 16.5 $ 18.6 $ 35.1 Liabilities Financial liabilities at fair value through profit or loss $ - $ 9.6 $ - $ 9.6 Derivative financial instruments used in hedge accounting - 23.4 - 23.4 Total $ - $ 33.0 $ - $ 33.0
Schedule of fair value valuation techniques	The following table shows the valuation technique used in measuring Level 3 fair values for financial instruments in the unaudited condensed consolidated interim statement of financial position, as well as the significant unobservable inputs used. Type Valuation technique Significant unobservable input Unlisted equity securities Market comparison approach: fair value of unlisted equity securities is determined by reference to market multiples of comparable listed companies, adjusted by discount for lack of marketability. (i) Sales growth factor Promissory notes The carrying amount approximates fair value due to the relatively short period to maturity of these instruments and low credit risk of counterparty. The carrying amount approximates fair value due to the relatively short period to maturity of these instruments and low credit risk of counterparty. Available-for-sale factoring receivables The carrying amount approximates fair value due to the short-term maturity of these instruments and low credit risk of counterparty. The carrying amount approximates fair value due to the short-term maturity of these instruments and low credit risk of counterparty.
Schedule of changes in Level 3 items in financial instruments	The following table presents the changes in Level 3 items during the period: In millions Unlisted equity securities Promissory notes Available-for-sale Total Opening balance January 1, 2024 $ 9.2 $ 6.8 $ 2.6 $ 18.6 Additions - 6.7 119.5 126.2 Disposals - (6.8) (91.8) (98.6) Losses recognized in OCI (0.1) - - (0.1) Closing balance September 30, 2024 $ 9.1 $ 6.7 $ 30.3 $ 46.1

EARNINGS_(LOSS) PER SHARE (Tabl

EARNINGS/(LOSS) PER SHARE (Tables)	9 Months Ended
EARNINGS/(LOSS) PER SHARE (Tables)	Sep. 30, 2024
Earnings per share [abstract]
Schedule of basic and diluted loss per share	The following table presents an overview of the calculated basic and diluted earnings/(loss) per share: Three months ended Nine months ended In millions (except for share and (loss)/earnings per share information) 2024 2023 2024 2023 Income/(loss) for the period, attributable to the owners of the Company $ 55.8 $ (37.7) $ 57.2 $ (115.6) Basic weighted-average number of ordinary shares 505,412,690 384,499,607 490,972,248 384,499,607 Diluted weighted-average number of ordinary shares 507,716,795 384,499,607 493,776,517 384,499,607 Basic earnings/(loss) per share $ 0.11 $ (0.10) $ 0.12 $ (0.30) Diluted earnings/(loss) per share $ 0.11 $ (0.10) $ 0.12 $ (0.30)

THE COMPANY (Details)

THE COMPANY (Details) $ / shares in Units, $ in Millions				9 Months Ended
THE COMPANY (Details) $ / shares in Units, $ in Millions	Feb. 08, 2024 USD ($) $ / shares shares	Feb. 06, 2024 USD ($) $ / shares shares	Feb. 05, 2024 USD ($) shares	Sep. 30, 2024 USD ($) vote	Sep. 30, 2023 USD ($)	Feb. 04, 2024 shares	Jan. 31, 2024 $ / shares shares
THE COMPANY
Number of countries having sales network \| vote				40
SHAREHOLDER'S EQUITY (DEFICIT)
Ordinary shares issued (in shares) \| shares			505,249,607			384,499,607
Proceeds from share issuance \| $				$ 1,514.8	$ 0
IPO
SHAREHOLDER'S EQUITY (DEFICIT)
Ordinary shares issued (in shares) \| shares							105,000,000
Share price (in USD per share) \| $ / shares							$ 13
Proceeds from share issuance \| $			$ 1,370
Overallotment option
SHAREHOLDER'S EQUITY (DEFICIT)
Ordinary shares issued (in shares) \| shares	7,875,000	7,875,000
Share price (in USD per share) \| $ / shares	$ 13	$ 13
Proceeds from share issuance \| $	$ 102.4	$ 102.4

SEGMENT REPORTING - Narrative (

SEGMENT REPORTING - Narrative (Details) - segment	9 Months Ended	12 Months Ended
SEGMENT REPORTING - Narrative (Details) - segment	Sep. 30, 2024	Dec. 31, 2023
Disclosure of operating segments [abstract]
Number of reportable segments	3
Majority percentage of non-current assets	73.80%	77.50%

SEGMENT REPORTING - Information

SEGMENT REPORTING - Information on reportable segments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
SEGMENT REPORTING
Revenue	$ 1,353.8	$ 1,153.1	$ 3,547.8	$ 3,072.9
Adjusted operating profit/(loss)	176.7	104.7	277.2	242.6
Finance cost	(48.9)	(109.4)	(178.9)	(296.6)
Loss on debt extinguishment	0	0	14.3	0
Finance income	1.1	1.4	6.3	4.5
Income/(loss) before tax	128.9	(3.3)	90.3	(49.5)
Operating segment \| Technical Apparel
SEGMENT REPORTING
Revenue	520	388.7	1,449.3	1,054.7
Depreciation and amortization	33.9	22.2	89.5	63.3
Adjusted operating profit/(loss)	104	63.3	279.1	186
Operating segment \| Outdoor Performance
SEGMENT REPORTING
Revenue	533.6	494.6	1,241.2	1,148.6
Depreciation and amortization	27.4	23.4	77.9	70.6
Adjusted operating profit/(loss)	93.4	88.3	106.3	103.2
Operating segment \| Ball & Racquet Sports
SEGMENT REPORTING
Revenue	300.2	269.8	857.3	869.6
Depreciation and amortization	8.7	6.8	24.4	19.8
Adjusted operating profit/(loss)	20.7	2.4	34.6	55.6
Reconciliation
SEGMENT REPORTING
Depreciation and amortization	1.2	1.6	4.7	4.8
Adjusted operating profit/(loss)	(23.1)	(20.5)	(66)	(49.2)
Group
SEGMENT REPORTING
Revenue	1,353.8	1,153.1	3,547.8	3,072.9
Depreciation and amortization	71.2	54.1	196.5	158.5
Adjusted operating profit/(loss)	195	133.5	354	295.7
PPA	(10.8)	(10.7)	(32.2)	(32.1)
Restructuring expenses	(2.5)	(2.3)	(12.2)	(2.3)
Expenses related to transaction activities	(2.3)	(15.8)	(20.3)	(18.7)
Expenses related to certain legal proceedings	(1.4)		(1.4)
Expenses related to share-based incentive plans	(1.3)		(10.7)
Finance cost	(48.9)	(109.4)	(178.9)	(296.6)
Loss on debt extinguishment			(14.3)
Finance income	1.1	1.4	6.3	4.5
Income/(loss) before tax	$ 128.9	$ (3.3)	$ 90.3	$ (49.5)

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Geographic breakdown of revenues (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	$ 1,353.8	$ 1,153.1	$ 3,547.8	$ 3,072.9
EMEA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	428.5	413	1,022.2	1,003
Americas
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	487.8	455	1,274.6	1,237.7
Greater China
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	312.9	200.5	914.2	595.3
Asia Pacific
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	$ 124.6	$ 84.6	$ 336.8	$ 236.9
United States
Disclosure of disaggregation of revenue from contracts with customers [line items]
Percentage of revenue	27%	29%	27%	31%
Mainland China
Disclosure of disaggregation of revenue from contracts with customers [line items]
Percentage of revenue	22%	17%	24%	18%

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Revenues by segments and channels (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	$ 1,353.8	$ 1,153.1	$ 3,547.8	$ 3,072.9
Wholesale
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	874	812	2,113.6	2,052.8
DTC
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	479.8	341.1	1,434.2	1,020.1
Technical Apparel
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	520	388.7	1,449.3	1,054.7
Outdoor Performance
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	533.6	494.6	1,241.2	1,148.6
Ball & Racquet Sports
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	$ 300.2	$ 269.8	$ 857.3	$ 869.6

REVENUE FROM CONTRACTS WITH C_5

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Contract liabilities amount	$ 48.4	$ 25

SELLING, GENERAL AND ADMINIST_3

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Selling, general and administrative expense [abstract]
Selling and marketing expenses	$ (421.4)	$ (341)	$ (1,203.8)	$ (976.3)
Administrative and other expenses	(165.1)	(147.1)	(494.3)	(392.2)
Total	$ (586.5)	$ (488.1)	$ (1,698.1)	$ (1,368.5)

SHARE-BASED PAYMENTS - Narrativ

SHARE-BASED PAYMENTS - Narrative (Details) $ in Millions		3 Months Ended	9 Months Ended	12 Months Ended
SHARE-BASED PAYMENTS - Narrative (Details) $ in Millions	Jan. 31, 2024 shares	Sep. 30, 2024 USD ($) shares	Sep. 30, 2024 USD ($) shares	Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of shares authorized (in shares)		2,495,175,000	2,495,175,000
Time vested options
Disclosure of terms and conditions of share-based payment arrangement [line items]
Percentage of option granted		0.35	0.35
Group performance based options
Disclosure of terms and conditions of share-based payment arrangement [line items]
Percentage of option granted		0.65	0.65
Restricted Share Units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting period	3 years
Performance Share Units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting period	3 years
Restricted Share Units and Performance Share Units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expenses related to share-based incentive plans \| $		$ 4.9	$ 8.8
ESOP 2019
Disclosure of terms and conditions of share-based payment arrangement [line items]
Percentage of option granted		0.030	0.030
Vesting term			5 years
Remaining contractual life of outstanding shares			5 years 3 months	6 years
ESOP 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Percentage of option granted		0.012	0.012
Vesting term			3 years
Remaining contractual life of outstanding shares			5 years 3 months	6 years
2024 Omnibus Incentive Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of shares authorized (in shares)	40,500,010

SHARE-BASED PAYMENTS - Number a

SHARE-BASED PAYMENTS - Number and weighted-average exercise prices of share options (Details)	9 Months Ended
	Sep. 30, 2024 shares $ / shares
ESOP 2019
Number of options
Outstanding, beginning balance (in shares) \| shares	11,499,819
Granted during the year (in shares) \| shares	0
Forfeited during the year (in shares) \| shares	(599,200)
Exercised during the year (in shares) \| shares	(300,000)
Outstanding, ending balance (in shares) \| shares	10,600,619
Exercisable (in shares) \| shares	6,745,305
Weighted average exercise price
Outstanding, beginning balance (in USD per share) \| $ / shares	$ 9.40
Granted during the year (in USD per share) \| $ / shares	0
Forfeited during the year (in USD per share) \| $ / shares	10.20
Exercised during the year (in USD per share) \| $ / shares	7.68
Outstanding, ending balance (in USD per share) \| $ / shares	9.40
Exercisable (in USD per share) \| $ / shares	$ 9.31
ESOP 2023
Number of options
Outstanding, beginning balance (in shares) \| shares	3,411,636
Granted during the year (in shares) \| shares	0
Forfeited during the year (in shares) \| shares	(88,166)
Exercised during the year (in shares) \| shares	0
Outstanding, ending balance (in shares) \| shares	3,323,470
Exercisable (in shares) \| shares	1,513,572
Weighted average exercise price
Outstanding, beginning balance (in USD per share) \| $ / shares	$ 11.68
Granted during the year (in USD per share) \| $ / shares	0
Forfeited during the year (in USD per share) \| $ / shares	11.59
Exercised during the year (in USD per share) \| $ / shares	0
Outstanding, ending balance (in USD per share) \| $ / shares	11.68
Exercisable (in USD per share) \| $ / shares	$ 11.65

SHARE-BASED PAYMENTS - Fair val

SHARE-BASED PAYMENTS - Fair value of options granted (Details)	9 Months Ended
	Sep. 30, 2024 Y $ / shares
ESOP 2019 \| Equity Settled
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected dividends	0%
ESOP 2019 \| Equity Settled \| Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of underlying share at re-measurement dates (in USD per share)	$ 13
Exercise price (in USD per share)	$ 7.70
Expected volatility	39.80%
Expected life \| Y	1.03
Risk-free interest rate	4%
ESOP 2019 \| Equity Settled \| Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of underlying share at re-measurement dates (in USD per share)	$ 18.94
Exercise price (in USD per share)	$ 12.63
Expected volatility	44.40%
Expected life \| Y	5.19
Risk-free interest rate	4.80%
ESOP 2019 \| Cash Settled
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility	42.20%
Expected dividends	0%
Risk-free interest rate	4.60%
ESOP 2019 \| Cash Settled \| Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected life \| Y	0.09
ESOP 2019 \| Cash Settled \| Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected life \| Y	1.75
ESOP 2019 \| Group Performance Based Cash-settled Options \| Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Cash compensation payable of group performance based options (in USD per share)	$ 0.22
ESOP 2019 \| Group Performance Based Cash-settled Options \| Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Cash compensation payable of group performance based options (in USD per share)	$ 4.92
ESOP 2023 \| Equity Settled
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected dividends	0%
ESOP 2023 \| Equity Settled \| Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of underlying share at re-measurement dates (in USD per share)	$ 13
Exercise price (in USD per share)	$ 7.70
Expected volatility	39.80%
Expected life \| Y	1.03
Risk-free interest rate	4.10%
ESOP 2023 \| Equity Settled \| Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of underlying share at re-measurement dates (in USD per share)	$ 18.94
Exercise price (in USD per share)	$ 14.19
Expected volatility	43.60%
Expected life \| Y	3.61
Risk-free interest rate	4.80%
ESOP 2023 \| Cash Settled
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected volatility	42.20%
Expected dividends	0%
Risk-free interest rate	4.60%
ESOP 2023 \| Cash Settled \| Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected life \| Y	0.09
ESOP 2023 \| Cash Settled \| Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected life \| Y	1.75
ESOP 2023 \| Group Performance Based Cash-settled Options \| Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Cash compensation payable of group performance based options (in USD per share)	$ 0.23
ESOP 2023 \| Group Performance Based Cash-settled Options \| Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Cash compensation payable of group performance based options (in USD per share)	$ 3.69

SHARE-BASED PAYMENTS - Number_2

SHARE-BASED PAYMENTS - Number and Weighted-average exercise prices of equity instruments other than options (Details)	9 Months Ended
	Sep. 30, 2024 shares $ / shares
Restricted Share Units
Number of units
Outstanding, beginning balance (in shares) \| shares	0
Granted during the year (in shares) \| shares	1,101,085
Vested during the year (in shares) \| shares	(10,060)
Forfeited during the year (in shares) \| shares	(16,154)
Outstanding, ending balance (in shares) \| shares	1,074,871
Weighted Average Grant Date Fair Value
Outstanding, beginning balance (in USD per share) \| $ / shares	$ 0
Granted during the year (in USD per share) \| $ / shares	13.63
Vested during the year (in USD per share) \| $ / shares	13.64
Forfeited during the year (in USD per share) \| $ / shares	13.64
Outstanding, beginning balance (in USD per share) \| $ / shares	$ 13.63
Performance Share Units
Number of units
Outstanding, beginning balance (in shares) \| shares	0
Granted during the year (in shares) \| shares	2,012,596
Vested during the year (in shares) \| shares	0
Forfeited during the year (in shares) \| shares	(30,096)
Outstanding, ending balance (in shares) \| shares	1,982,500
Weighted Average Grant Date Fair Value
Outstanding, beginning balance (in USD per share) \| $ / shares	$ 0
Granted during the year (in USD per share) \| $ / shares	14.55
Vested during the year (in USD per share) \| $ / shares	0
Forfeited during the year (in USD per share) \| $ / shares	14.55
Outstanding, beginning balance (in USD per share) \| $ / shares	$ 14.55

FINANCE INCOME AND COST - Sched

FINANCE INCOME AND COST - Schedule of finance and income cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
FINANCE INCOME AND COST
Finance income	$ 1.1	$ 1.4	$ 6.3	$ 4.5
Finance cost
Interest cost to related parties	0	(58.7)	(21.8)	(165.8)
Interest cost on other interest bearing debt	(44.1)	(48.3)	(133.1)	(122.4)
Exchange rate losses	0	0.3	(12.5)	(1)
Other finance cost	(4.8)	(2.7)	(11.5)	(7.4)
Total Finance cost	(48.9)	(109.4)	(178.9)	(296.6)
Loss on debt extinguishment	0	0	(14.3)	0
Net finance cost	$ (47.8)	$ (108)	$ (186.9)	$ (292.1)

FINANCE INCOME AND COST - Narra

FINANCE INCOME AND COST - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 16, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Disclosure of detailed information about borrowings [line items]
Loss on debt extinguishment		$ 0	$ 0	$ (14.3)	$ 0
Losses related to contract costs from IPO				$ 18
Old term loan facility
Disclosure of detailed information about borrowings [line items]
Carrying amount of loan repaid senior facilities agreement	$ 1,860					$ 1,860
Bilateral Facility Standard Chartered
Disclosure of detailed information about borrowings [line items]
Carrying amount of loan repaid senior facilities agreement	90					90
Old revolving credit facility
Disclosure of detailed information about borrowings [line items]
Carrying amount of loan repaid senior facilities agreement	$ 291					$ 291

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
INCOME TAXES (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Major components of tax expense (income) [abstract]
Income tax expense	$ 72.7	$ 32.6	$ 29	$ 64.4
Effective tax rate	56%	(988.00%)	32%	(130.00%)
Deferred tax expense (income)	$ 8.4		$ 11
Provision adjustment	$ 6.2
Discrete tax benefit			$ 19.9

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) $ in Millions	9 Months Ended
PROPERTY, PLANT AND EQUIPMENT (Details) $ in Millions	Sep. 30, 2024 USD ($)
Significant Accounting Policies
Balance at the beginning	$ 441.9
Balance at the ending	529.8
Land
Significant Accounting Policies
Balance at the ending	36.3
Buildings and constructions
Significant Accounting Policies
Balance at the ending	258.6
Machinery and equipment
Significant Accounting Policies
Balance at the ending	172.8
Advances paid and construction in progress
Significant Accounting Policies
Balance at the ending	62.1
Gross inventories
Significant Accounting Policies
Balance at the beginning	942.7
Additions	153.8
Disposal of subsidiary	7.1
Disposals	22.7
Transfers	0
Translation differences	(7.8)
Balance at the ending	1,074.5
Gross inventories \| Land
Significant Accounting Policies
Balance at the beginning	35.9
Additions	0
Disposal of subsidiary	0
Disposals	0
Transfers	0
Translation differences	(0.4)
Balance at the ending	36.3
Gross inventories \| Buildings and constructions
Significant Accounting Policies
Balance at the beginning	374.9
Additions	42.3
Disposal of subsidiary	0
Disposals	13.1
Transfers	(74.1)
Translation differences	(3.7)
Balance at the ending	481.9
Gross inventories \| Machinery and equipment
Significant Accounting Policies
Balance at the beginning	457
Additions	21.2
Disposal of subsidiary	6.7
Disposals	9.4
Transfers	(28.3)
Translation differences	(3.8)
Balance at the ending	494.2
Gross inventories \| Advances paid and construction in progress
Significant Accounting Policies
Balance at the beginning	74.9
Additions	90.3
Disposal of subsidiary	0.4
Disposals	0.2
Transfers	102.4
Translation differences	0.1
Balance at the ending	62.1
Accumulated depreciation and impairment losses
Significant Accounting Policies
Balance at the beginning	(500.8)
Disposal of subsidiary	(4.3)
Depreciation during the period	62.6
Disposals	(18.4)
Translation differences	4
Balance at the ending	(544.7)
Accumulated depreciation and impairment losses \| Land
Significant Accounting Policies
Balance at the beginning	0
Disposal of subsidiary	0
Depreciation during the period	0
Disposals	0
Translation differences	0
Balance at the ending	0
Accumulated depreciation and impairment losses \| Buildings and constructions
Significant Accounting Policies
Balance at the beginning	(201.1)
Disposal of subsidiary	0
Depreciation during the period	31.1
Disposals	(10.5)
Translation differences	1.6
Balance at the ending	(223.3)
Accumulated depreciation and impairment losses \| Machinery and equipment
Significant Accounting Policies
Balance at the beginning	(299.7)
Disposal of subsidiary	(4.3)
Depreciation during the period	31.5
Disposals	(7.9)
Translation differences	2.4
Balance at the ending	(321.4)
Accumulated depreciation and impairment losses \| Advances paid and construction in progress
Significant Accounting Policies
Balance at the beginning	0
Disposal of subsidiary	0
Depreciation during the period	0
Disposals	0
Translation differences	0
Balance at the ending	$ 0

VALUATION PROVISIONS OF INVEN_3

VALUATION PROVISIONS OF INVENTORIES - Schedule of Gross Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Schedule of Inventory Disclosure [Line Items]
Net inventories	$ 1,338.5	$ 1,099.6
Gross inventories
Schedule of Inventory Disclosure [Line Items]
Net inventories	1,376.2	1,129
Net realizable value valuation provision
Schedule of Inventory Disclosure [Line Items]
Net inventories	$ (37.7)	$ (29.4)

VALUATION PROVISIONS OF INVEN_4

VALUATION PROVISIONS OF INVENTORIES - Schedule of Net Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Net Inventories
Raw materials and consumables	$ 42.3	$ 45
Work in progress	46.8	48.7
Finished goods	1,249.4	1,005.9
Total	$ 1,338.5	$ 1,099.6

SHAREHOLDERS_ EQUITY_(DEFICIT)

SHAREHOLDERS’ EQUITY/(DEFICIT) (Details) € / shares in Units, $ in Millions	Feb. 04, 2024 EUR (€) vote shares	Feb. 04, 2024 USD ($) vote shares	Sep. 30, 2024 EUR (€) € / shares shares	Sep. 30, 2024 USD ($) shares	Feb. 05, 2024 shares	Dec. 31, 2023 USD ($) shares
SHAREHOLDER'S EQUITY (DEFICIT)
Authorized share capital \| €			€ 75,000,000
Number of shares authorized (in shares)			2,495,175,000	2,495,175,000
Par value of share (in EUR per share) \| € / shares			€ 0.0300580119630888
Number of shares outstanding (in shares)	384,499,607	384,499,607	505,559,667	505,559,667	505,249,607
Share capital \| $				$ 16.9		$ 642.2
Number of votes per common shares \| vote	1	1
Share split ratio	3.3269	3.3269
Ordinary shares issued (in shares)	384,499,607	384,499,607			505,249,607
Parent company (Amer Sports Holding (Cayman) Limited)
SHAREHOLDER'S EQUITY (DEFICIT)
Amount of loan equitized	€ 2,300,000,000	$ 2,540
Class A Share Capital
SHAREHOLDER'S EQUITY (DEFICIT)
Number of shares outstanding (in shares)						115,220,745
Class B Share Capital
SHAREHOLDER'S EQUITY (DEFICIT)
Number of shares outstanding (in shares)						352,193

INTEREST-BEARING LIABILITIES -

INTEREST-BEARING LIABILITIES - Schedule of interest-bearing liabilities (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
INTEREST-BEARING LIABILITIES
Financial Liabilities	$ 552.1	$ 507.8
Liquidity risk
INTEREST-BEARING LIABILITIES
Financial Liabilities	2,787.4	6,661.2
Loans from financial institutions \| Liquidity risk
INTEREST-BEARING LIABILITIES
Financial Liabilities	$ 2,189.1	$ 2,154.4
Loans from financial institutions \| Liquidity risk \| Long term
INTEREST-BEARING LIABILITIES
Nominal interest rates	6.54%	7.65%
Loans from financial institutions \| Liquidity risk \| Long term \| Minimum
INTEREST-BEARING LIABILITIES
Nominal interest rates	7.85%
Loans from financial institutions \| Liquidity risk \| Short term \| Minimum
INTEREST-BEARING LIABILITIES
Nominal interest rates	6.02%	6.68%
Loans from financial institutions \| Liquidity risk \| Short term \| Maximum
INTEREST-BEARING LIABILITIES
Nominal interest rates	3%	8.10%
Lease liabilities \| Liquidity risk
INTEREST-BEARING LIABILITIES
Financial Liabilities	$ 516.6	$ 339.8
Nominal interest rates	5.66%	5.24%
Loans from related parties \| Liquidity risk
INTEREST-BEARING LIABILITIES
Financial Liabilities		$ 4,077
Loans from related parties \| Liquidity risk \| Long term
INTEREST-BEARING LIABILITIES
Nominal interest rates		5.68%
Loans from related parties \| Liquidity risk \| Short term
INTEREST-BEARING LIABILITIES
Nominal interest rates		8.20%
Other interest-bearing liabilities \| Liquidity risk
INTEREST-BEARING LIABILITIES
Financial Liabilities	$ 81.7	$ 90
Nominal interest rates		7.86%
Other interest-bearing liabilities \| Liquidity risk \| Minimum
INTEREST-BEARING LIABILITIES
Nominal interest rates		5.06%
Other interest-bearing liabilities \| Liquidity risk \| Maximum
INTEREST-BEARING LIABILITIES
Nominal interest rates		5.28%

INTEREST-BEARING LIABILITIES _2

INTEREST-BEARING LIABILITIES - Narrative (Details) € in Millions, ¥ in Millions, $ in Millions		3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 16, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Sep. 29, 2024	Sep. 02, 2024 CNY (¥)	Feb. 16, 2024 EUR (€)
INTEREST-BEARING LIABILITIES
Repayments of long-term borrowings from financial institutions				$ 1,896.8	$ 0
Finance cost		$ 48.9	$ 109.4	178.9	$ 296.6
7-year USD 500 million term loan facility
INTEREST-BEARING LIABILITIES
Duration of the loans	7 years
Loan amount	$ 500
7-year EUR 700 million term loan facility
INTEREST-BEARING LIABILITIES
Duration of the loans	7 years
Loan amount \| €									€ 700
USD 710 million 5-year revolving credit facility
INTEREST-BEARING LIABILITIES
Duration of the loans	5 years
Loan amount	$ 710
USD 800 million of 6.750% new senior secured notes
INTEREST-BEARING LIABILITIES
Loan amount	$ 800
Interest rate	6.75%								6.75%
Revolving Credit Facility
INTEREST-BEARING LIABILITIES
Amount of funding		128.8		128.8
Old term loan facility
INTEREST-BEARING LIABILITIES
Carrying amount of loan repaid senior facilities agreement	$ 1,860					$ 1,860
Bilateral Facility Standard Chartered
INTEREST-BEARING LIABILITIES
Carrying amount of loan repaid senior facilities agreement	90					90
Old revolving credit facility
INTEREST-BEARING LIABILITIES
Carrying amount of loan repaid senior facilities agreement	$ 291					$ 291
China Merchants Bank Co., Ltd
INTEREST-BEARING LIABILITIES
Loan amount \| ¥								¥ 500
Interest rate								3%
Amount of funding		71.3		71.3
New Senior Secured Credit Facilities
INTEREST-BEARING LIABILITIES
Repayments of long-term borrowings from financial institutions				65
Finance cost		$ 2.3		$ 2.3
New Senior Secured Credit Facilities \| SOFR - Base Rate
INTEREST-BEARING LIABILITIES
Adjustment to interest rate basis (as a percent)		0%		0%
New Senior Secured Credit Facilities \| U.S. Dollar Base Rate
INTEREST-BEARING LIABILITIES
Adjustment to interest rate basis (as a percent)		1%		1%
USD Term Loan Facility \| Minimum
INTEREST-BEARING LIABILITIES
Interest rate		2.50%		2.50%			3%
USD Term Loan Facility \| Maximum
INTEREST-BEARING LIABILITIES
Interest rate		2.75%		2.75%			3.25%
Euro Term Loan Facility \| Minimum
INTEREST-BEARING LIABILITIES
Interest rate		2.75%		2.75%			3.25%
Euro Term Loan Facility \| Maximum
INTEREST-BEARING LIABILITIES
Interest rate		3%		3%			3.50%

OTHER LIABILITIES (Details)

OTHER LIABILITIES (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Related to financing activities:
Accrued interest	$ 14.9	$ 33
Payables related to derivatives	41.8	31.2
Related to operating and other activities:
Accrued personnel costs	196.2	148
Accrued advertising and promotions	93.3	57.3
Sales & value-added taxes	62.9	25.7
Contract liabilities	48.4	25
Refund liabilities	47.5	35.5
Goods received not invoiced	33	25.7
Liabilities for share-based payments	3	18.5
Accrued royalties	6.8	8.5
Other accrued liabilities	118	159.2
Total	$ 665.8	$ 567.5

PROVISIONS - Schedule of provis

PROVISIONS - Schedule of provisions (Details) $ in Millions	9 Months Ended
PROVISIONS - Schedule of provisions (Details) $ in Millions	Sep. 30, 2024 USD ($)
PROVISIONS
Balance at beginning	$ 35.4
Changes in other provisions [abstract]
Translation differences	(0.2)
Provisions made during the period	17.1
Provisions used during the period	(18.1)
Provisions reversed during the period	(0.6)
Balance at ending	33.6
Long-term provisions	5.6
Current provisions	28
Total	33.6
Product warranty
PROVISIONS
Balance at beginning	24.2
Changes in other provisions [abstract]
Translation differences	0.3
Provisions made during the period	6.3
Provisions used during the period	(6.1)
Provisions reversed during the period	(0.6)
Balance at ending	24.1
Restructuring
PROVISIONS
Balance at beginning	2.2
Changes in other provisions [abstract]
Translation differences	0.1
Provisions made during the period	10.4
Provisions used during the period	(11.6)
Provisions reversed during the period	0
Balance at ending	1.1
Other
PROVISIONS
Balance at beginning	9
Changes in other provisions [abstract]
Translation differences	(0.6)
Provisions made during the period	0.4
Provisions used during the period	(0.4)
Provisions reversed during the period	0
Balance at ending	$ 8.4

PROVISIONS - Narrative (Details

PROVISIONS - Narrative (Details)	9 Months Ended
PROVISIONS - Narrative (Details)	Sep. 30, 2024
Classes of other provisions [abstract]
Majority of warranty provisions	1 year

COMMITMENTS (Details)

COMMITMENTS (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Capital commitments [abstract]
Guarantees	$ 19.1	$ 15.7
Other commitments	$ 348.8	$ 210.7

RELATED PARTY TRANSACTIONS - An

RELATED PARTY TRANSACTIONS - Anta Sports transactions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disclosure of transactions between related parties [line items]
Purchases of goods and services from ANTA Sports and subsidiaries	$ 8.5	$ 5.7	$ 21.4	$ 18.5
Sales to ANTA Sports and subsidiaries
Disclosure of transactions between related parties [line items]
Sales to ANTA Sports and subsidiaries	$ 10.8	$ 0.1	$ 21.6	$ 0.3

RELATED PARTY TRANSACTIONS - Co

RELATED PARTY TRANSACTIONS - Compensation to key management (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disclosure of transactions between related parties [abstract]
Salaries and other short-term employee benefits	$ 7.1	$ 4.2	$ 18.8	$ 9.5
Post-employment benefits	0.1	0.1	0.4	0.4
Expenses related to share-based incentive plans	3.3	0	17	0
Other long-term benefits	0	0.1	0.1	0.2
Total	$ 10.5	$ 4.4	$ 36.3	$ 10.1

RELATED PARTY TRANSACTIONS - Lo

RELATED PARTY TRANSACTIONS - Long-term loan from parent company (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Disclosure of transactions between related parties [line items]
Amount of long-term loans granted	$ 0		$ 0		$ 4,077
Interest cost on interest bearing debt	44.1	$ 48.3	133.1	$ 122.4
Parent company (Amer Sports Holding (Cayman) Limited)
Disclosure of transactions between related parties [line items]
Amount of long-term loans granted	0		0		4,077.5
Interest cost on interest bearing debt	0	60.6	21.6	167.5
Investment Loan \| Parent company (Amer Sports Holding (Cayman) Limited)
Disclosure of transactions between related parties [line items]
Amount of long-term loans granted	0		0		2,641
Interest cost on interest bearing debt	0	54.7	19.1	151.7
Facility A Loan \| Parent company (Amer Sports Holding (Cayman) Limited)
Disclosure of transactions between related parties [line items]
Amount of long-term loans granted	0		0		$ 1,436.5
Interest cost on interest bearing debt	$ 0	$ 5.9	$ 2.5	$ 15.8

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) € in Millions, $ in Millions			3 Months Ended		9 Months Ended
	Feb. 04, 2024 USD ($)	Feb. 04, 2024 EUR (€)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Disclosure of transactions between related parties [line items]
Directors' remuneration expense \| $			$ 0.1	$ 0	$ 0.2	$ 0
Amount of loan set off \| €		€ 125.5
Parent company (Amer Sports Holding (Cayman) Limited)
Disclosure of transactions between related parties [line items]
Applicable margin aggregated to arrive at the interest rate percentage, one (as a percent)			4%		4%
Applicable margin aggregated to arrive at the interest rate percentage, two (as a percent)			4.25%		4.25%
Applicable margin aggregated to arrive at the interest rate percentage, three (as a percent)			4.50%		4.50%
Amount of loan equitized	$ 2,540	€ 2,300
Parent company (Amer Sports Holding (Cayman) Limited) \| Investment Loan \| LIBOR
Disclosure of transactions between related parties [line items]
Adjustment to interest rate basis (as a percent)			0.25%		0.25%
Parent company (Amer Sports Holding (Cayman) Limited) \| Facility A Loan
Disclosure of transactions between related parties [line items]
Applicable margin aggregated to arrive at the interest rate percentage, one (as a percent)			2%		2%
Applicable margin aggregated to arrive at the interest rate percentage, two (as a percent)			1.75%		1.75%

RELATED PARTY TRANSACTIONS - Ba

RELATED PARTY TRANSACTIONS - Balances outstanding (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current payables (purchases of goods and services) \| Sales to ANTA Sports and subsidiaries
Disclosure of transactions between related parties [line items]
Amount payable to related parties	$ 8.2	$ 6.3
Current receivables (sales of goods) \| Sales to ANTA Sports and subsidiaries
Disclosure of transactions between related parties [line items]
Accounts receivable to related parties	11.4	0
Accounts receivable, net \| Parent company (Amer Sports Holding (Cayman) Limited)
Disclosure of transactions between related parties [line items]
Accounts receivable to related parties	0	18
Other receivables \| Parent company (Amer Sports Holding (Cayman) Limited)
Disclosure of transactions between related parties [line items]
Accounts receivable to related parties	0	13.3
Loans from related parties taken in 2022 \| Parent company (Amer Sports Holding (Cayman) Limited)
Disclosure of transactions between related parties [line items]
Amount payable to related parties	0	11.9
Interest expenses \| Parent company (Amer Sports Holding (Cayman) Limited)
Disclosure of transactions between related parties [line items]
Amount payable to related parties	0	0.8
Right-of-use asset / Lease liability \| Low Tide Properties Ltd.
Disclosure of transactions between related parties [line items]
Amount payable to related parties	0.7	0.9
Provisions short and long-term incentive \| Key management personnel
Disclosure of transactions between related parties [line items]
Amount payable to related parties	$ 6.1	$ 17.9

BALANCE SHEET VALUES OF FINAN_3

BALANCE SHEET VALUES OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT CATEGORIES - Measurement categories (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Disclosure of detailed information about financial instruments [line items]
Financial assets	$ 162.9	$ 118
Financial liabilities	552.1	507.8
Financial assets/ liabilities at fair value through profit and loss
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	7.2	9.6
Financial assets/ liabilities at fair value through profit and loss \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	1.1
Financial assets/ liabilities at fair value through profit and loss \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	6.1	9.6
Derivative financial instruments used in cash flow hedge accounting
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	58.2	23.4
Derivative financial instruments used in cash flow hedge accounting \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	1.5	1.8
Derivative financial instruments used in cash flow hedge accounting \| Interest rate derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	21
Derivative financial instruments used in cash flow hedge accounting \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	37	21.2
Derivative financial instruments used in cash flow hedge accounting \| Interest rate derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	(1.3)	0.4
Financial assets/ liabilities measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	3,845.5	7,623.1
Financial assets/ liabilities measured at amortized cost \| Long-term interest-bearing liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	1,984.7	5,940.4
Financial assets/ liabilities measured at amortized cost \| Long-term lease liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	407.8	250.4
Financial assets/ liabilities measured at amortized cost \| Other long-term liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	23.7	27.6
Financial assets/ liabilities measured at amortized cost \| Current interest-bearing liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	286.1	381
Financial assets/ liabilities measured at amortized cost \| Current lease liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	108.8	89.4
Financial assets/ liabilities measured at amortized cost \| Accounts payable
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	482.3	426.5
Financial assets/ liabilities measured at amortized cost \| Other current liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	552.1	507.8
Financial liabilities at fair value through other comprehensive income, category
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	0
Carrying amount by balance sheet item
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		7,656.1
Carrying amount by balance sheet item \| Long-term interest-bearing liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		5,940.4
Carrying amount by balance sheet item \| Long-term lease liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		250.4
Carrying amount by balance sheet item \| Other long-term liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		27.6
Carrying amount by balance sheet item \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		1.8
Carrying amount by balance sheet item \| Current interest-bearing liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		381
Carrying amount by balance sheet item \| Current lease liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		89.4
Carrying amount by balance sheet item \| Accounts payable
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		426.5
Carrying amount by balance sheet item \| Other current liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		507.8
Carrying amount by balance sheet item \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		30.8
Carrying amount by balance sheet item \| Interest rate derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		0.4
Interest rate derivatives
Disclosure of detailed information about financial instruments [line items]
Financial assets		3.3
Available-for-sale factoring receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets		2.6
Other current non-interest yielding receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets		118
Financial assets/ liabilities at fair value through profit and loss
Disclosure of detailed information about financial instruments [line items]
Financial assets	10.3	7.2
Financial assets/ liabilities at fair value through profit and loss \| Interest rate derivatives
Disclosure of detailed information about financial instruments [line items]
Financial assets		3.3
Financial assets/ liabilities at fair value through profit and loss \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial assets	10.3	3.9
Derivative financial instruments used in cash flow hedge accounting
Disclosure of detailed information about financial instruments [line items]
Financial assets	5.7	9.3
Derivative financial instruments used in cash flow hedge accounting \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial assets	0.1
Derivative financial instruments used in cash flow hedge accounting \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial assets	5.6	8.5
Derivative financial instruments used in cash flow hedge accounting \| Interest rate derivatives
Disclosure of detailed information about financial instruments [line items]
Financial assets		0.8
Financial assets/ liabilities measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	1,159.7	1,268.8
Financial assets/ liabilities measured at amortized cost \| Other non-current financial assets
Disclosure of detailed information about financial instruments [line items]
Financial assets	55.6	70.2
Financial assets/ liabilities measured at amortized cost \| Hold-to-collect accounts receivable
Disclosure of detailed information about financial instruments [line items]
Financial assets	629.2	597.2
Financial assets/ liabilities measured at amortized cost \| Other current non-interest yielding receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets	162.9	118
Financial assets/ liabilities measured at amortized cost \| Cash and cash equivalents
Disclosure of detailed information about financial instruments [line items]
Financial assets	312	483.4
Financial assets at fair value through OCI
Disclosure of detailed information about financial instruments [line items]
Financial assets	46	18.6
Financial assets at fair value through OCI \| Other non-current financial assets
Disclosure of detailed information about financial instruments [line items]
Financial assets	9	9.2
Financial assets at fair value through OCI \| Non-Current Promissory Notes
Disclosure of detailed information about financial instruments [line items]
Financial assets	4.1
Financial assets at fair value through OCI \| Promissary notes
Disclosure of detailed information about financial instruments [line items]
Financial assets	2.6	6.8
Financial assets at fair value through OCI \| Available-for-sale factoring receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets	30.3	2.6
Carrying amount by balance sheet item
Disclosure of detailed information about financial instruments [line items]
Financial assets	1,221.7	1,303.9
Carrying amount by balance sheet item \| Carrying amount by balance sheet item
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	3,910.9
Carrying amount by balance sheet item \| Carrying amount by balance sheet item \| Long-term interest-bearing liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	1,984.7
Carrying amount by balance sheet item \| Carrying amount by balance sheet item \| Long-term lease liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	407.8
Carrying amount by balance sheet item \| Carrying amount by balance sheet item \| Other long-term liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	23.7
Carrying amount by balance sheet item \| Carrying amount by balance sheet item \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	2.6
Carrying amount by balance sheet item \| Carrying amount by balance sheet item \| Interest rate derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	21
Carrying amount by balance sheet item \| Carrying amount by balance sheet item \| Current interest-bearing liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	286.1
Carrying amount by balance sheet item \| Carrying amount by balance sheet item \| Current lease liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	108.8
Carrying amount by balance sheet item \| Carrying amount by balance sheet item \| Accounts payable
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	482.3
Carrying amount by balance sheet item \| Carrying amount by balance sheet item \| Other current liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	552.1
Carrying amount by balance sheet item \| Carrying amount by balance sheet item \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	43.1
Carrying amount by balance sheet item \| Carrying amount by balance sheet item \| Interest rate derivatives
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	(1.3)
Carrying amount by balance sheet item \| Other non-current financial assets
Disclosure of detailed information about financial instruments [line items]
Financial assets	64.6	79.4
Carrying amount by balance sheet item \| Promissary notes
Disclosure of detailed information about financial instruments [line items]
Financial assets	2.6	6.8
Carrying amount by balance sheet item \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial assets	0.1
Carrying amount by balance sheet item \| Hold-to-collect accounts receivable
Disclosure of detailed information about financial instruments [line items]
Financial assets	629.2	597.2
Carrying amount by balance sheet item \| Available-for-sale factoring receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets	30.3
Carrying amount by balance sheet item \| Other current non-interest yielding receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets	162.9
Carrying amount by balance sheet item \| Foreign exchange derivatives
Disclosure of detailed information about financial instruments [line items]
Financial assets	15.9	12.4
Carrying amount by balance sheet item \| Interest rate derivatives
Disclosure of detailed information about financial instruments [line items]
Financial assets		0.8
Carrying amount by balance sheet item \| Cash and cash equivalents
Disclosure of detailed information about financial instruments [line items]
Financial assets	$ 312	$ 483.4

BALANCE SHEET VALUES OF FINAN_4

BALANCE SHEET VALUES OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT CATEGORIES - Footnote (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Disclosure of detailed information about financial instruments [line items]
Financial assets	$ 162.9	$ 118
Financial liabilities	552.1	507.8
Other current liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	665.8	567.5
Other tax liabilities
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	71.9	28.5
Derivative financial instruments
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	41.8	31.2
Prepaid expenses and other receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets	231.7	162.3
Other tax receivables
Disclosure of detailed information about financial instruments [line items]
Financial assets	50.3	24.3
Derivative financial instruments
Disclosure of detailed information about financial instruments [line items]
Financial assets	15.9	13.2
Promissory notes
Disclosure of detailed information about financial instruments [line items]
Financial assets	$ 2.6	$ 6.8

BALANCE SHEET VALUES OF FINAN_5

BALANCE SHEET VALUES OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT CATEGORIES - Measured at fair value (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Disclosure of detailed information about financial instruments [line items]
Assets	$ 62	$ 35.1
Liabilities	65.4	33
Level 1
Disclosure of detailed information about financial instruments [line items]
Assets	0	0
Liabilities	0	0
Level 2
Disclosure of detailed information about financial instruments [line items]
Assets	16	16.5
Liabilities	65.4	33
Level 3
Disclosure of detailed information about financial instruments [line items]
Assets	46	18.6
Liabilities	0	0
Financial assets/ liabilities at fair value through profit and loss
Disclosure of detailed information about financial instruments [line items]
Assets	10.3	7.2
Liabilities	7.2	9.6
Financial assets/ liabilities at fair value through profit and loss \| Level 1
Disclosure of detailed information about financial instruments [line items]
Assets	0	0
Liabilities	0	0
Financial assets/ liabilities at fair value through profit and loss \| Level 2
Disclosure of detailed information about financial instruments [line items]
Assets	10.3	7.2
Liabilities	7.2	9.6
Financial assets/ liabilities at fair value through profit and loss \| Level 3
Disclosure of detailed information about financial instruments [line items]
Assets	0	0
Liabilities	0	0
Derivative financial instruments used in cash flow hedge accounting
Disclosure of detailed information about financial instruments [line items]
Assets	5.7	9.3
Liabilities	58.2	23.4
Derivative financial instruments used in cash flow hedge accounting \| Level 1
Disclosure of detailed information about financial instruments [line items]
Assets	0	0
Liabilities	0	0
Derivative financial instruments used in cash flow hedge accounting \| Level 2
Disclosure of detailed information about financial instruments [line items]
Assets	5.7	9.3
Liabilities	58.2	23.4
Derivative financial instruments used in cash flow hedge accounting \| Level 3
Disclosure of detailed information about financial instruments [line items]
Assets	0	0
Liabilities	0	0
Other non-current financial assets at fair value through OCI
Disclosure of detailed information about financial instruments [line items]
Assets	46	18.6
Other non-current financial assets at fair value through OCI \| Level 1
Disclosure of detailed information about financial instruments [line items]
Assets	0	0
Other non-current financial assets at fair value through OCI \| Level 2
Disclosure of detailed information about financial instruments [line items]
Assets	0	0
Other non-current financial assets at fair value through OCI \| Level 3
Disclosure of detailed information about financial instruments [line items]
Assets	$ 46	$ 18.6

BALANCE SHEET VALUES OF FINAN_6

BALANCE SHEET VALUES OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT CATEGORIES - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	$ 552.1	$ 507.8
Financial assets/ liabilities measured at amortized cost
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	3,845.5	7,623.1
Financial assets/ liabilities measured at amortized cost \| Borrowings
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	2,105.1
Financial assets/ liabilities at fair value through profit and loss
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	7.2	$ 9.6
Financial assets/ liabilities at fair value through profit and loss \| Borrowings
Disclosure of detailed information about financial instruments [line items]
Financial Liabilities	$ 2,082.5

BALANCE SHEET VALUES OF FINAN_7

BALANCE SHEET VALUES OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT CATEGORIES - Changes in level 3 items (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Opening balance	$ 8,373.8
Closing balance	8,828.4
Level 3
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Opening balance	18.6
Additions	126.2
Disposals	(98.6)
Losses recognized in OCI	(0.1)
Closing balance	46.1
Unlisted equity securities \| Level 3
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Opening balance	9.2
Additions	0
Disposals	0
Losses recognized in OCI	(0.1)
Closing balance	9.1
Promissory notes \| Level 3
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Opening balance	6.8
Additions	6.7
Disposals	(6.8)
Losses recognized in OCI	0
Closing balance	6.7
Available-for-sale factoring receivables \| Level 3
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]
Opening balance	2.6
Additions	119.5
Disposals	(91.8)
Losses recognized in OCI	0
Closing balance	$ 30.3

EARNINGS_(LOSS) PER SHARE - Sch

EARNINGS/(LOSS) PER SHARE - Schedule of basic and diluted earnings/(loss) per share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings per share [abstract]
Income/(loss) for the period, attributable to the owners of the Company, basic	$ 55.8	$ (37.7)	$ 57.2	$ (115.6)
Income/(loss) for the period, attributable to the owners of the Company, diluted	$ 55.8	$ (37.7)	$ 57.2	$ (115.6)
Weighted-average number of ordinary shares (basic) (in shares)	505,412,690	384,499,607	490,972,248	384,499,607
Weighted-average number of ordinary shares (diluted) (in shares)	507,716,795	384,499,607	493,776,517	384,499,607
Earnings/(loss) per share (basic), (in USD per share)	$ 0.11	$ (0.10)	$ 0.12	$ (0.30)
Earnings/(loss) per share (diluted), (in USD per share)	$ 0.11	$ (0.10)	$ 0.12	$ (0.30)

EARNINGS_(LOSS) PER SHARE - Nar

EARNINGS/(LOSS) PER SHARE - Narrative (Details) - shares	3 Months Ended		9 Months Ended
EARNINGS/(LOSS) PER SHARE - Narrative (Details) - shares	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Vested And Unvested Shares Of Restricted Share Units, Performance Share Units, And Stock Options
Earnings per share [line items]
Number of instruments that are antidilutive in period (in shares)	1,749,669	4,471,989	947,608	3,638,675
Unvested Performance Share Units And Stock Options
Earnings per share [line items]
Number of instruments that are antidilutive in period (in shares)	6,197,863		5,497,086