PUMA AG announces its consolidated financial results for the 3rd Quarter and First Nine Months of 2005
Highlights Q3:
- Another record quarter in sales and earnings
- Branded sales rise more than 18% and consolidated sales more than 16%
- Gross profit margin above 52%
- Strong EBIT margin remains above 24%
- Net earnings increases by almost 12% and EPS reaches 5.70 € versus 5.14 €
Highlights First Nine Months:
- Global brand sales strongly up by over 16%
- Growth in consolidated sales accelerates to almost 14%
- Gross profit margin remains around 53%
- EBIT margin at 24%
- >EPS jumps from 13.42 € to 15.02 €
Outlook 2005:
- Future orders up by more than 10% marking the 39th consecutive quarter of order increase
- Management now expects double-digit sales growth and confirms the 5th consecutive year of record earnings for 2005