World Footwear

Companies

Double digit growth for Puma

Feb 21, 2019 Germany
Double digit growth for Puma
Germany-based athletics company Puma closed 2018 reporting a 17.6% and 38.0% revenue and net earnings gain, respectively. For 2019, Puma expects earnings and sales to continue with two digits increases
Bjørn Gulden, Chief Executive Officer of Puma SE commented: “We are very happy with how our business developed in 2018. Sales rose organically by 17.6% to 4 648 million euros and the operating result (EBIT) improved by 37.9% to 337 million euros, which shows our strong momentum. The double-digit growth in all regions is a proof that the we have strengthened the Puma brand globally and the double-digit growth in all product divisions shows that we have enhanced our product portfolio. We still have a lot to improve, but we feel we are moving our brand and company in a good direction. We see that our progress will also continue in 2019 and expect our currency adjusted sales to grow around 10% and our operating result to increase to a range between 395 million euros and 415 million euros.”

Fourth Quarter Highlights

int he last quarter of the fiscal year, sales increased by 20.1% currency adjusted totalling 1 226 million euros (+17.9% reported) with strong growth in all regions and product segments. Gross profit margin remained stable at a high level of 47.1%.


Full-Year Highlights

In 2018, Puma' sales increased by 17.6% currency adjusted reaching 4 648 million euros (+12.4% reported) with double-digit growth in all regions and product segments. Gross profit margin improved by 110 basis points to 48.4%, supported by higher margins in all product segments. Net earnings and earnings per share increase by 38.0% from 135.8 million euros to 187.4 million euros and from 9.09 euros to 12.54 euros, respectively.


Related Events

  • Jul
    2
    Jul 2-Jul 4, 2019 | Berlin, Germany

    Premium Berlin

  • Jul
    2
    Jul 2-Jul 4, 2019 | Berlin, Germany

    Panorama Berlin

  • Jul
    19
    Jul 19-Jul 22, 2019 | Düsseldorf, Germany

    Supreme W&M Düsseldorf

  • Jul
    20
    Jul 20-Jul 22, 2019 | Düsseldorf, Germany

    The Gallery

Related Organizations

  • DLM Leather Museum Offenbach

    DLM Leather Museum Offenbach

    Germany
  • German Shoe Museum Hauenstein

    German Shoe Museum Hauenstein

    Germany
  • HDS/L - Federal Association of German Footwear and Leather Goods Industry

    HDS/L - Federal Association of German Footwear and Leather Goods Industry

    Germany
  • FILK - Research Institute of Leather and Plastic Sheeting

    FILK - Research Institute of Leather and Plastic Sheeting

    Germany