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Translated by
Barbara Santamaria
Published
Oct 18, 2017
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Puma raises guidance after strong third quarter

Translated by
Barbara Santamaria
Published
Oct 18, 2017

German sportswear brand Puma has released its preliminary results for the third quarter of 2017, revealing a 17% increase in currency adjusted consolidated sales to €1.12 billion ($1.32 bn), compared to €990 million ($1.05 bn) in the prior year’s period.

Puma


The operating result (EBIT) for the third quarter rose to approx. €101 million ($118m) from €60 ($70m) million a year earlier. In light of the strong third quarter performance, the company raised its full-year guidance for its consolidated sales, gross profit margin, operating expenses and operating result (EBIT).

Puma now expects its currency adjusted sales to increase between 14% and 16%, up from its previous guidance of between 12% and 14%, while the gross profit margin is forecasted to improve to 46.5% (0.5% more than previously expected). The company also revised its operating result, which is now anticipated to come in between €235 million and €245 million (between $276m and $288m).

A complete overview of the first nine months of the year will be released by the company, which owns Puma, Cobra Golf and Dobotex, on 24 October. The group has a presence in over 120 countries and employs more than 10,000 people worldwide.

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