Puma’s P&L shows numbers down to the pre-tax level which were very much in line with our expectations. Turnover increased by 7% to €3.63bn and EBIT was up by 3% to €128m. Our forecasts were €3.59bn and €123m. While pre-tax earnings were exactly in line (€119m), net profit after minorities of €62m was clearly lower than our €66m. Instead of a dividend increase from €0.50 to €1.00 as we had anticipated, it is only increased to €0.75.
09 Feb 2017
Sizeable share of net earnings go to minority shareholders
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Sizeable share of net earnings go to minority shareholders
PUMA SE (PUM:WBO) | 0 0 0.8% | Mkt Cap: 5,000m
- Published:
09 Feb 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Puma’s P&L shows numbers down to the pre-tax level which were very much in line with our expectations. Turnover increased by 7% to €3.63bn and EBIT was up by 3% to €128m. Our forecasts were €3.59bn and €123m. While pre-tax earnings were exactly in line (€119m), net profit after minorities of €62m was clearly lower than our €66m. Instead of a dividend increase from €0.50 to €1.00 as we had anticipated, it is only increased to €0.75.