logo
Plus   Neg
Share
Email
Comment

PUMA Q2 Preliminary EBIT Rises; Raises Full-year Guidance

German sportswear company PUMA SE reported that its preliminary operating result or EBIT for the second quarter 2017 increased to about 43.4 million euros from last year's 11.9 million euros.

Quarterly consolidated sales increased currency adjusted by about 16.3% or about 17.2% in reported terms to 968.7 million euros from last year.

PUMA raises the full-year guidance for its consolidated sales and operating result (EBIT). The company now expects that currency adjusted sales will increase between 12% and 14% compared to previous guidance of currency adjusted increase at a low double-digit percentage rate.

The operating result (EBIT) is now anticipated to come in between 205 million euros and 215 million euros, compared to to prior outlook of 185 million euros and 200 million euros. In line with the previous guidance, the company still expects that net earnings will improve significantly in 2017.

PUMA noted that a complete overview of its business development for the second quarter 2017 and the first half year 2017 will be published on July 26, 2017.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
HP Inc. (HPQ), the PC and printer business of the former Hewlett-Packard Co., on Thursday reported a profit for the first quarter that increased from last year and trumped analysts' expectations driven largely by a higher-than-expected revenues. The PC giant detailed a second-quarter and full year... Hormel Foods Corp. (HRL) reported a profit for the first quarter of fiscal 2018 that increased 28.9 percent from the prior year. Total net sales grew 2.2 percent from last year. Earnings per share topped analysts' expectations, while quarterly revenues missed their estimates. The company raised annual earnings per share guidance due to U.S. tax reform, while it maintained annual net sales outlook. Shares of Deutsche Telekom AG were losing around 3 percent in the morning trading in Germany after the telecom giant reported Thursday a decline in fourth-quarter EBITDA, a key earnings metric, with weak revenues. However, the company recorded a net profit, compared to loss last year on positive US tax effect. Deutsche Telekom lifted its dividend and said it expects higher earnings in 2018.
comments powered by Disqus
Follow RTT