Preliminary Q1 17 numbers show an 18% revenue increase to just above €1bn and a 70% EBIT increase to €70m. The revenue growth rate is substantially higher than what we expect for H1 (+5.5%), while the EBIT growth rate is moderately higher (+42%). As Puma is no longer releasing full Q1 and Q3 accounts (i.e. no cash flow statement), we no longer project numbers for these quarters. As a result of the above, management has raised its full-year guidance. Instead of a currency-adjusted sa
13 Apr 2017
Management raises full-year guidance
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Management raises full-year guidance
PUMA SE (PUM:WBO) | 0 0 0.8% | Mkt Cap: 5,000m
- Published:
13 Apr 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Preliminary Q1 17 numbers show an 18% revenue increase to just above €1bn and a 70% EBIT increase to €70m. The revenue growth rate is substantially higher than what we expect for H1 (+5.5%), while the EBIT growth rate is moderately higher (+42%). As Puma is no longer releasing full Q1 and Q3 accounts (i.e. no cash flow statement), we no longer project numbers for these quarters. As a result of the above, management has raised its full-year guidance. Instead of a currency-adjusted sa