Puma : Q3 due on 6 November – Top line growth of 4% but EBIT set to decline
>Growth set to improve sequentially, but higher costs should dent EBIT - Last week, Puma published its aide memoire with statements related to FY 2024 and Q3 2024 (due on 6 November). We forecast sales growth of 1% y-o-y to € 2.3bn which reflects a 4% increase at constant currency (company guidance is for mid-single digit growth and the consensus is currently at 5%) and forex headwinds of 3%. This implies an acceleration in growth vs Q2 2024 (up 2%) and reflects an i...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.
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