World Footwear

Companies

Puma raises guidance

Jul 19, 2017 Germany
Puma raises guidance
The Germany-based sporstwear giant has updated its guidance for the full year after announcing its second-quarter results
Consolidated sales posted by Puma in the second quarter increased by 16% in currency adjusted terms (17% in reported terms), totaling 969 million euros, compared to 827 million euros in the second quarter last year. The operating result (EBIT) in the second quarter 2017 increased to approximately 43 million euros, more than three times year-ago earnings of 12 million euros in the same period a year ago.

Based on the increase in sales and profitability, registered in the second quarter, Puma keeps its outlook for the current year 2017 positive and raised the full-year guidance for its consolidated sales and operating result (EBIT).

Puma now expects that currency adjusted sales will increase between 12% and 14%. Previous guidance called for a currency adjusted increase at a low double-digit percentage rate.

In line with the previous guidance, Puma still expects that net earnings will improve significantly in 2017.

Related Events

  • Sep
    22
    Sep 22-Sep 22, 2025 | Sindelfingen, Germany

    SOC Ordertag Sindelfingen

  • Oct
    24
    Oct 24-Oct 25, 2025 | Cologne, Germany

    OST - Orthopädie Schuh Technik

  • Nov
    4
    Nov 4-Nov 7, 2025 | Düsseldorf, Germany

    A+A

  • Nov
    23
    Nov 23-Nov 25, 2025 | Mainhausen, Germany

    ANWR ORDER Sport & Lifestyle

Related Organizations

  • IVO - International Association for Orthopaedic Shoe Technicians

    IVO - International Association for Orthopaedic Shoe Technicians

    Germany
  • VDL - German Leather Federation

    VDL - German Leather Federation

    Germany
  • German Shoe Museum Hauenstein

    German Shoe Museum Hauenstein

    Germany
  • Messe Düsseldorf GmbH

    Messe Düsseldorf GmbH

    Germany