Puma: best quarter in its history

(CercleFinance.com) - Puma has announced Q3 sales of 2.
35 billion euros, up 16.9% y-o-y at constant exchange rates.

Meanwhile, EBIT rose 12.6% to 258 million euros, while the bottom line edged up 1.8% to 146 million euros.

Management said that this is the best quarter in PUMA's history. Improved product availability, thanks to a more stable supply chain, better-than-expected sales and the continued momentum of PUMA's global brand outweighed all negative external factors.

In this situation, and despite the very uncertain environment, Puma reiterates its outlook for 2022, including sales growth of 15% to 17% ("mid-teens") at constant exchange rates and EBIT of 600 to 700 million euros (vs. E557m in 2021). Puma's net profit should improve accordingly.


Copyright (c) 2022 CercleFinance.com. All rights reserved.