Herzogenaurach, Germany, April 12, 2017
PUMA PUBLISHES PRELIMINARY RESULTS FOR THE FIRST QUARTER 2017 AND RAISES FULL-YEAR GUIDANCE FOR 2017
DISCLOSURE OF AN INSIDE INFORMATION ACCORDING TO ARTICLE 17 MARKET ABUSE REGULATION
PUMA SE (ISIN: DE00069696303 WKN: 696960)
PUMA WAY 1, D-91074 Herzogenaurach
Today, PUMA SE has published preliminary results for the first quarter 2017 and raised its guidance for the full-year 2017.
In the first quarter 2017, consolidated sales increased currency adjusted by approx. 15% (approx. 18% in reported terms) to € 1,005 million compared to € 852 million in the first quarter last year. The operating result (EBIT) in the first quarter 2017 increased by approx. 70% to approx. € 70 million (Q1 2016: € 41.3 million).
In light of the strong first-quarter increase in sales and profitability as well as the positive business outlook for the current year 2017, PUMA raises the full-year guidance for its consolidated sales and operating result (EBIT). The Management now expects that sales will increase currency adjusted at a low double-digit percentage rate (previous guidance: currency adjusted increase at a high single-digit percentage rate). The operating result (EBIT) is now anticipated to come in between € 185 million and € 200 million (previous guidance: between € 170 million and € 190 million). In line with the previous guidance, the Management still expects that net earnings will improve significantly in 2017.
A complete overview of PUMA’s business development for the first quarter 2017 will be published on April 25, 2017.Photo Credits: Robert Ashcroft/ PUMA