Puma : A strong Q3, cautious on Q4, FY 2021 outlook raised to consensus
>Q3 top line above expectations. EMEA driving the surprise - In Q3 2021, sales were up 20% y-o-y excluding FX (consensus: 15%, ODDO BHFe: 17%) to € 1,900m and was thus some 5% above consensus. Looking into regions: EMEA grew fast and was driving the positive surprise (+22%) supported by Europe, Russia, Turkey and South Africa. Americas achieved a rapid sales increase (+31%) with North and Latin America contributing, while growth in Asia (+2%) was held back by China a...Puma and its subsidiaries are engaged in the development and sale of a broad range of sports and sports lifestyle products, including footwear, apparel and accessories. Product management, design, development and category-specific marketing have been combined under six separate Business Units. The Business Units Teamsport, Running, Training & Fitness, and Golf represent Co.'s performance business, while Lifestyle and Motorsports, Fundamentals as well as Accessories & Licensing constitute the lifestyle business.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.