Closing of the Peak Performance sale completed

Jun 29, 2018, 9:45

IC Group A/S hereby announces that the sale of Peak Performance to Amer Sports Corporation has been completed. The conditions for the sale have been met upon the approval from the competition authorities granted on 25 June 2018.

The net proceeds from the divestment are expected to amount to DKK 1.7 – 1.8 billion. The net proceeds are expected to be distributed to the shareholders as extraordinary dividend following the announcement of the Company’s annual report for 2017/18 on 28 August 2018.

The contents of this announcement will have no impact on the Group’s outlook for the financial year 2017/18 which ends on 30 June 2018.

IC Group A/S

Please direct any questions regarding this announcement to:  
Jens Bak-Holder
Head of Investor Relations
+45 21 28 58 32

This announcement is a translation from the Danish language. In the event of any discrepancy between the Danish and English versions, the Danish version shall prevail.