Sports Business/10/19/2017

Puma with good quarterly figures and improved earnings forecast

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According to preliminary results, Puma's consolidated sales have risen significantly in the third quarter of 2017. Compared to the third quarter of the previous year, sales increased by about 13 percent in constant currency from 990 million euros to 1,122 million euros.

Claudia Klingelhöfer Author: Claudia Klingelhöfer (editor in chief)
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Puma is also successful with football shoes
Puma with good figures in the third quarter of 2017
Image credit: Puma

As announced by the sports goods manufacturer from Herzogenaurach, the operating result (EBIT) rose to approximately 101 million euros in the third quarter of 2017. In the third quarter of 2016 it was 60 million euros.

Puma also expects an increase in sales for the fourth quarter of 2017. For this reason, the sporting goods group is also raising its forecast for Group sales, gross profit margin, operating expenses and operating result (EBIT) for the full year 2017.

 

Puma expects sales growth

For the year as a whole, Puma is expected to post currency-adjusted sales growth of 14 to 16 percent. The management's previous forecast was between 12 and 14 percent. 

The operating result (EBIT) is expected to be between 235 million euros and 245 million euros. Management also continues to see a significant improvement in net income for 2017. 

Puma is headquartered in Herzogenaurach (Germany) and distributes its sporting goods in 120 countries. More than 10,000 employees work for Puma worldwide.

Claudia Klingelhöfer Author: Claudia Klingelhöfer (editor in chief)
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