Puma : Roadshow feedback – Focus to be more on absolute growth
>China business suffers from lockdowns and consumer boycott - End of last week, we were on roadshow in Frankfurt with the CEO, CFO and IR of Puma. A big topic was China: the decline in revenue is driven by both lockdowns and also the consumer boycott. The problem is that local influencers are still not working with certain Western brands yet. As a consequence, the life-style category which is the largest part of Puma’s China business is currently very tough for Puma 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.