PUMA SE - Earnings Release 2017 | FinancialReports.eu

News Details

Ad-hoc | 12 April 2017 07:59

PUMA SE: PUMA publishes preliminary results for the first quarter 2017 and raises full-year guidance for 2017

PUMA SE / Key word(s): Change in Forecast/Preliminary Results

12-Apr-2017 / 07:59 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Disclosure of an inside information according to Article 17 Market Abuse Regulation

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 – [email protected]

Investor Relations Contact:

Johan-Philip Kuhlo – Investor Relations – PUMA SE – +49 9132 81 0 – [email protected]

12-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de


Language:	English
Company:	PUMA SE
	PUMA Way 1
	91074 Herzogenaurach
	Germany
Phone:	+49 9132 81 0
Fax:	+49 9132 81 2246
E-mail:	[email protected]
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