Puma : Q3 EBIT a notch above, FY 2024 outlook confirmed
>Some 5% growth but a flat operating margin - Q3 & outlook: in Q3, sales increased 5% excluding FX to € 2,308m (consensus: € 2,346m, ODDO BHFe: € 2,334m) which is 2% below the consensus in reported terms but in line with regards to currency neutral growth. Regions: EMEA did OK with +1%, Americas with +11% supported by LatAm and the US and Asia grew +3% despite a softer Chinese market. Channels: DTC+17% and Wholesale +2%. Products: Footwear +9% and Apparel -1%. EBIT ca...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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