2018 consolidated revenue was up by 12% to €4.65bn (+18% currency-adjusted). Simultaneously, EBIT and net earnings both increased by 38% to €337m and €187m, respectively. Management proposes a dividend of €3.50 for the last fiscal year, whereas we had expected €3.00. Our sales and profit projections had been €4.55bn, €349m, and €203m, respectively.
14 Feb 2019
Good revenue, profits did not reach our expectations and poor 2019 guidance
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Good revenue, profits did not reach our expectations and poor 2019 guidance
PUMA SE (PUM:WBO) | 0 0 0.8% | Mkt Cap: 5,000m
- Published:
14 Feb 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
2018 consolidated revenue was up by 12% to €4.65bn (+18% currency-adjusted). Simultaneously, EBIT and net earnings both increased by 38% to €337m and €187m, respectively. Management proposes a dividend of €3.50 for the last fiscal year, whereas we had expected €3.00. Our sales and profit projections had been €4.55bn, €349m, and €203m, respectively.