Puma: improvements in 2nd quarter results.
(CercleFinance.com) - Puma says that operating results (EBIT) have grown for the second quarter of 2017 to 43 million euros, representing a 17% increase in sales to 969 million (+16% at comparable exchange rates).
The sportswear and equipment supplier cites double-digit growth in sales in all regions, led in particular by the footwear category (+27.2% at comparable exchange rates), and an improvement to gross profit margins to 46.5%.
“We now expect a currency adjusted sales growth for the full year between 12 per cent and 14 per cent and a full-year EBIT between 205 million euros and 215 million euros,” said CEO Bjørn Gulden.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The sportswear and equipment supplier cites double-digit growth in sales in all regions, led in particular by the footwear category (+27.2% at comparable exchange rates), and an improvement to gross profit margins to 46.5%.
“We now expect a currency adjusted sales growth for the full year between 12 per cent and 14 per cent and a full-year EBIT between 205 million euros and 215 million euros,” said CEO Bjørn Gulden.
Copyright (c) 2017 CercleFinance.com. All rights reserved.