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
    13
    Sep 13-Sep 15, 2025 | München, Germany

    Essenz

  • Sep
    16
    Sep 16-Sep 16, 2025 | Sindelfingen, Germany

    SOC Ordertag Sindelfingen

  • 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

Related Organizations

  • German Shoe Museum Hauenstein

    German Shoe Museum Hauenstein

    Germany
  • BTE - Trade Association of Textile, Shoes and Leathergoods

    BTE - Trade Association of Textile, Shoes and Leathergoods

    Germany
  • LGR - Leather Institute Tanning School Reutlingen

    LGR - Leather Institute Tanning School Reutlingen

    Germany
  • Messe Düsseldorf GmbH

    Messe Düsseldorf GmbH

    Germany