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PUMA AG announces its consolidated financial results for the 1st Quarter of 2008
Herzogenaurach, Wednesday, May 7, 2008
Highlights Q1:
- Consolidated sales up almost 7%
- Strong gross profit margin, up 120 basis points to 53.4%
- Brand investments continue according to plan
- EBIT at € 126 million representing almost 19% of sales versus 21% last year
- EPS at € 5.76 compared to € 6.02
- Orders up currency neutral 12% to nearly € 1.2 billion
- In a challenging market, management confirms a single-digit sales increase on a currency neutral basis
Press Release
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