Puma delivered formidable numbers for 2019. Some of this is supported by the stronger currency tailwind, but the currency-adjusted revenue growth rate also accelerated from +16.7% in 9M19 to +17.0%. On a reported basis, the growth rate accelerated from 17.6% to 20.6%. However, as purchase prices are typically denominated in US dollars, the gross profit margin was up by ‘only’ 0.2pp in Q4 compared to 0.6pp through to September last year.
19 Feb 2020
Currency tailwind resulted in accelerated revenue growth in Q4 19
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Currency tailwind resulted in accelerated revenue growth in Q4 19
PUMA SE (PUM:WBO) | 0 0 0.8% | Mkt Cap: 5,000m
- Published:
19 Feb 2020 -
Author:
Hans-Peter Wodniok -
Pages:
2
Puma delivered formidable numbers for 2019. Some of this is supported by the stronger currency tailwind, but the currency-adjusted revenue growth rate also accelerated from +16.7% in 9M19 to +17.0%. On a reported basis, the growth rate accelerated from 17.6% to 20.6%. However, as purchase prices are typically denominated in US dollars, the gross profit margin was up by ‘only’ 0.2pp in Q4 compared to 0.6pp through to September last year.