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PUMA SE: Strong Sales and EBIT growth in the First Quarter

DGAP-News: PUMA SE / Key word(s): Quarter Results/Change in Forecast PUMA SE: Strong Sales and EBIT growth in the First Quarter 25.04.2017 / 08:00 The issuer is solely responsible for the content of this announcement. QUARTERLY STATEMENT Q1 2017 Strong Sales and EBIT growth in the First Quarter Upgrade of the Full-Year Guidance for 2017

Herzogenaurach, April 25, 2017

- Sales increase by 15% currency-adjusted to EUR 1,005 million (+18% reported), with all regions showing double-digit growth and Footwear being the main growth driver

- Gross profit margin improves slightly to 47.1%

- EBIT rises by 70% to EUR 70 million mainly due to strong sales development

- Net earnings and earnings per share increase by 92% to EUR 50 million and EUR 3.32, respectively

- Borussia Monchengladbach and Olympique de Marseille signed as of season 2018/19

Bjørn Gulden, Chief Executive Officer of PUMA SE:


"Thanks to good sell-through to the end consumer, both in our owned and operated retail and with our key retail partners, our sales in Q1 developed above our expectation. For the first time in the PUMA history, we achieved sales exceeding EUR 1 billion in a quarter. Our EBIT also developed very positively with a growth of 70% to EUR 70 million. This stronger than expected start of the year further shows that PUMA is on the right path. Therefore we have raised our outlook for the full year to low double digit growth in revenue and the full-year EBIT to be between EUR 185 million and EUR 200 million."

Sales Development:

 

PUMA's sales growth continued in the first quarter of 2017. Sales increased by 15.4% currency-adjusted to EUR 1,005.1 million (+18.0% reported), compared to EUR 851.9 million in the previous year. All regions supported the sales growth showing a double-digit increase. Footwear remained the main growth driver.