1、CONTENTS3 FROM THE CEO 5 ABOUT US7 OVERVIEW OF GLOBAL OPERATIONS8 FINANCIAL HIGHLIGHTS9 FORM 20-F FOR FISCAL YEAR 2023 236 A YEAR OF SUSTAINABILITY PROGRESS238 SUSTAINABILITY HIGHLIGHTS FROM OUR BRANDS 240 BOARD OF DIRECTORS241 EXECUTIVE MANAGEMENTWe operate a unique portfolio of premium sports and
2、outdoor brands,each positioned at the top of their respective markets.James Zheng,Executive Director and CEOAMER SPORTS ANNUAL REPORT 20233Dear Shareholders,2023 was a special year for Amer Sports Group and our teammates,partners,and shareholders.It gives me great pleasure to share with you some win
3、ning moments from the last 12 months,as well as congratulate our 11,400+talented teammates across 41 countries,who passionately serve our consumers and manage our brands.Not only did we grow net revenues 23%to$4.37 billion in 2023,reflecting a 21%top-line CAGR since our transfor-mation journey began
4、 three years ago,we continue to do it profitably,enjoying 120 basis points of adjusted non-IFRS EBITDA margin expansion.2023 was also the year we pre-pared for our jump to the“big leagues”and our successful listing on the New York Stock Exchange on February 1,2024.And although we take a moment to ap
5、preciate our accomplishments since delisting from the Nasdaq Helsinki exchange in 2019,our eyes continue to focus on the future,FROM THE CEOwhere we envision still many great opportunities to unlock significant value through our unique portfolio of premium sports and outdoor brands.We believe Amer S
6、ports is still in the early stages of a profitable growth inflection following our transforma-tion to a decentralized brand-direct business model.Led by our high-growth flagship Arcteryx brand,we operate a unique portfolio of premium sports and outdoor brands,each positioned at the top of their resp