PUMA SE: PUMA publishes preliminary results for the first quarter 2017 and raises full-year guidance for 2017
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PUMA SE (ISIN: DE00069696303 WKN: 696960) PUMA WAY 1, D-91074 Herzogenaurach
PUMA publishes preliminary results for the first quarter 2017 and raises full-year guidance for 2017
Herzogenaurach, Germany, 12 April 2017 - 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 EUR 1,005 million compared to EUR 852 million in the first quarter last year. The operating result (EBIT) in the first quarter 2017 increased by approx. 70% to approx. EUR 70 million (Q1 2016: EUR 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 EUR 185 million and EUR 200 million (previous guidance: between EUR 170 million and EUR 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.
Media Contact: Kerstin Neuber - Corporate Communications - PUMA - +49 9132 81 2984 - firstname.lastname@example.org
Investor Relations Contact: Johan-Philip Kuhlo - Investor Relations - PUMA SE - +49 9132 81 0 - investor-relations@PUMA.com
12-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: PUMA SE PUMA Way 1 91074 Herzogenaurach
Germany Phone: +49 9132 81 0 Fax: +49 9132 81 2246 E-mail: email@example.com Internet: www.puma.com ISIN: DE0006969603 WKN: 696960 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
564335 12-Apr-2017 CET/CEST