Puma revenues exceeded 4 billion euros through successful shoe sales
12.02.2018 2402

Puma revenues exceeded 4 billion euros through successful shoe sales

According to the results of the 2017 year, the revenue of the German sports goods manufacturer Puma SE increased by 14% and amounted to 4,136 billion euros, the company said in a press release.

Puma's net profit for the 2017 year more than doubled - to 136 million euros from 62 million euros. It was possible to increase sales volume largely due to good sales of shoes.

The company's net profit in October-December amounted to 2,2 million euros against a loss of 4,6 million euros for the same period of 2016. Profit before tax and interest payments (EBIT) increased to 29,8 million euros compared to 14,1 million euros in October-December 2016.

Revenues in October-December 2017 increased by 8,6% and reached 1,04 billion euros. Excluding changes in exchange rates, the increase was 14,5%.

Puma announced its intention to pay one-time dividends of 2017 euros per share at the end of the 12,5 year, the French holding company Kering will become the main beneficiary.

According to the company's forecasts, in 2018, sales growth will continue and may reach about 10%, and net profit growth is also expected. In particular, the company expects that EBIT for the current year will be in the range of 305-325 million euros.

On Monday, PUMA SE shares rose 1,1%.

 

According to the results of 2017, the revenue of the German sports goods manufacturer Puma SE increased by 14% and amounted to 4,136 billion euros, according to a press release ...
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