Puma SE reported consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported sales of EUR 820.9 million against EUR 773.4 million a year ago. EBIT was EUR 102.0 million against EUR 111.0 million a year ago. Earnings before taxes were EUR 103.1 million against EUR 110.8 million a year ago. Net earnings were EUR 73.9 million against EUR 77.7 million a year ago. Earnings per share and diluted earnings per share was EUR 4.92 against earnings per share of EUR 5.17 and diluted earnings per share of EUR 5.15 a year ago. Cash out flow from operating activities was EUR 99.5 million against EUR 103.9 million a year ago. Payments for investments in fixed assets were EUR 13.8 million against EUR 10.8 million a year ago. Free cash out flow was EUR 200.1 million compared to EUR 152.5 million for the last year. The company reiterates sales target of high single-digit growth for the year 2012. The company continues to see net earnings increasing in the mid-single digit range for 2012.