As Puma sources almost all of its products denominated in US dollar, the euro’s strength had a negative impact on revenue but a positive impact on profits and profit margins.
24 Apr 2018
Q1 gross margin up by 1.1pp to 48.2%
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Q1 gross margin up by 1.1pp to 48.2%
PUMA SE (PUM:WBO) | 0 0 0.8% | Mkt Cap: 5,000m
- Published:
24 Apr 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
As Puma sources almost all of its products denominated in US dollar, the euro’s strength had a negative impact on revenue but a positive impact on profits and profit margins.