logo
Plus   Neg
Share
Email
Comment

PUMA AG Preliminary Q2 Profit Increases; Raises Full-year Guidance

PUMA AG (PMMAF.PK) reported preliminary results for the second quarter 2017. The operating result (EBIT) increased to approximately 43.4 million euros from 11.9 million euros, prior year. Consolidated sales increased currency adjusted by approximately 16.3% (approximately 17.2% in reported terms) to 968.7 million euros compared to 826.5 million euros, prior year.

PUMA AG increased its full-year guidance for consolidated sales and operating result (EBIT). The operating result (EBIT) is now anticipated to come in between 205 million and 215 million euros, up from previous guidance of between 185 million and 200 million euros. In line with the previous guidance, the Management still expects that net earnings will improve significantly in 2017. The Management now expects that full-year currency adjusted sales will increase between 12% and 14% compared to its previous guidance of currency adjusted increase at a low double-digit percentage rate.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
BlackRock Inc., the world's largest asset manager, said it plans to speak with gun makers and distributors following public outcry after the Florida high school shooting that killed 17 people. BlackRock, which had $6.3 trillion in assets under management as of December 31, 2017, holds shares in gun makers Sturm Ruger & Co. Inc. as well as American Outdoor Brands Corp. An upgraded boarding in Southwest Airline will cost you more. The airline usually not assign seats to passengers, but one can choose from an open seat. The Upgraded Boarding will allow passengers to choose from A1 - A15 boarding positions. The cost for these positions would be $30, $40 and $50, depending on flight and route. This option can be availed from the ticket counter or gate. Citigroup Inc.'s co-head of mergers and acquisitions, Peter Tague, is leaving the company, according to media reports, citing people familiar with the matter. Tague has been co-head of Global M&A business at Citigroup since March 2012, alongside Cary Kochman and Mark Shafir. It was not immediately clear what Tague intends to do after he leaves Citigroup.
comments powered by Disqus
Follow RTT