DGAP-Adhoc

PUMA SE: PUMA publishes preliminary results for the second quarter 2017 and raises full-year guidance for 2017

DGAP-Ad-hoc: PUMA SE / Key word(s): Quarter Results/Change in Forecast PUMA SE: PUMA publishes preliminary results for the second quarter 2017 and raises full-year guidance for 2017 17-Jul-2017 / 14:57 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Disclosure of inside information according to Article 17 Market Abuse Regulation

PUMA SE (ISIN: DE00069696303 WKN: 696960)

PUMA WAY 1, D-91074 Herzogenaurach

PUMA publishes preliminary results for the second quarter 2017 and raises full-year guidance for 2017

 

Herzogenaurach, Germany, July 17, 2017 - PUMA SE publishes preliminary results for the second quarter 2017 and raises its guidance for the full-year 2017.

In the second quarter 2017, consolidated sales increased currency adjusted by approx. 16.3% (approx. 17.2% in reported terms) to EUR 968.7 million compared to EUR 826.5 million in the second quarter last year. The operating result (EBIT) in the second quarter 2017 increased to approx. EUR 43.4 million (Q2 2016: EUR 11.9 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 EUR 205 million and EUR 215 million (previous guidance: between EUR 185 million and EUR 200 million). In line with the previous guidance, the Management still expects that net earnings will improve significantly in 2017.