2017 Third Quarter Facts

  • Sales increase by 17% currency adjusted to € 1,122 million (+13% reported) with double-digit growth in all regions
  • Gross profit margin up by 230 basis points to 48.1%
  • Operating expenses (OPEX) increases by 11% driven by higher marketing, selling and retail expenses
  • Operating result (EBIT) rises to € 101 million (last year: € 60 million)
  • PUMA partners with singer, actress and social media icon Selena Gomez
  • The new PUMA ONE collection drives improved Football sell-through

2017 Nine Month Facts

  • Sales up by 16% currency adjusted to € 3,096 million (+16% reported), with all regions showing double-digit growth and footwear being the main growth driver
  • Gross profit margin up 120 basis points at 47.3%
  • Operating leverage with operating expenses (OPEX) increasing by only 12%
  • Operating result (EBIT) improves to € 215 million (last year: € 114 million)
  • Net earnings almost doubled from € 67 million last year to € 134 million and earnings per share increase from € 4.48 last year to € 8.94 respectively
  • PUMA footwear styles 'BASKET HEART' and 'IGNITE Limitless' continued to be popular with customers
  • Women's business further strengthened through second Rihanna collection this year, launched in September

Bjørn Gulden, Chief Executive Officer of PUMA SE:

'The third quarter was another good quarter for us with double-digit growth in all regions and strong growth in all product segments. With gross profit margin exceeding our expectations and a continued focus on operating expenses, we were able to deliver a very positive and better than expected operating result (EBIT).

This development in the third quarter combined with a good orderbook for the fourth quarter made us raise the outlook for the full year. We now expect currency adjusted sales to increase between 14% and 16% and the operating result (EBIT) to come in between € 235 million and € 245 million.'

Puma SE published this content on 24 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 October 2017 06:07:01 UTC.

Original documenthttp://about.puma.com/en/investor-relations/financial-news/ir-news/2017/october/QUARTERLY-STATEMENT-Q3-2018

Public permalinkhttp://www.publicnow.com/view/C5DE20F9B3345E8EBA24112FDF96FFD9C0ACB624