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SRH AlsterResearch AG Update: Puma SE - Strong growth in Q1; Upgrade to HOLD

SRH AlsterResearch AG Update: Puma SE - Strong growth in Q1; Upgrade to HOLD

Nachrichtenquelle: AlsterResearch AG
30.04.2021, 11:00  |  110   |   |   

In Q1, Puma benefited from strong demand especially in March (sales up +75% yoy) and supply problems in the USA eased. However, shops are still closed in many places worldwide and pandemic effects did not fade out yet.

 

 

 

PUMA Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de

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Disclaimer

SRH AlsterResearch AG Update: Puma SE - Strong growth in Q1; Upgrade to HOLD In Q1, Puma benefited from strong demand especially in March (sales up +75% yoy) and supply problems in the USA eased. However, shops are still closed in many places worldwide and pandemic effects did not fade out until now. Furthermore, there is a meaningful headwind in China, where boycotts of Western brands recently began. Puma will therefore open fewer new shops in China than previously planned. The guidance seems plausible after such a strong start into 2021.

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