Puma’s revenue growth moderated somewhat in Q3 (to +8.5% to €915m) which has brought the ytd number to €2.5bn (+13%). All of the group’s profit numbers continued falling in Q3. As a result, 9M EBIT came in at €85m (-27%) and net earnings at €42m (-40%). Even worse, cash from operations (based on management’s definition) was a negative €202m compared to -€44m a year ago. In fact, 9M positive cash from operations was generated through to 2010, but
06 Nov 2015
Profits continue to fall and cash generation was highly negative
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Profits continue to fall and cash generation was highly negative
PUMA SE (PUM:WBO) | 0 0 0.8% | Mkt Cap: 5,000m
- Published:
06 Nov 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
Puma’s revenue growth moderated somewhat in Q3 (to +8.5% to €915m) which has brought the ytd number to €2.5bn (+13%). All of the group’s profit numbers continued falling in Q3. As a result, 9M EBIT came in at €85m (-27%) and net earnings at €42m (-40%). Even worse, cash from operations (based on management’s definition) was a negative €202m compared to -€44m a year ago. In fact, 9M positive cash from operations was generated through to 2010, but