Puma raises full-year guidance for 2017
PUMA raises the full-year guidance for its consolidated sales and operating result (EBIT)
In the second quarter 2017, consolidated sales increased currency adjusted by approx. 16% (approx. 17% in reported terms) to € 969 million compared to € 827 million in the second quarter last year. The operating result (EBIT) in the second quarter 2017 increased to approx. € 43 million (Q2 2016: € 12 million).
In light of the strong second-quarter increase in sales and profitability as well as the positive business outlook for the current year 2017, Puma raises the full-year guidance for its consolidated sales and operating result (EBIT). The Management now expects that currency adjusted sales will increase between 12% and 14% (previous guidance: currency adjusted increase at a low double-digit percentage rate).
The operating result (EBIT) is now anticipated to come in between € 205 million and € 215 million (previous guidance: between € 185 million and € 200 million). In line with the previous guidance, the Management still expects that net earnings will improve significantly in 2017.
