Puma : Sequential improvement in H2 but FY 2024 profit target reduced
>Top-line growth to accelerate in Q3 and Q4 - Last week Puma released results for Q2 2024. In Q2, sales increased 2% y-o-y excluding forex to € 2,117m, which was 1% below consensus expectations and at the lower end of company guidance. We believe this mainly due to EMEA which decreased 4% y-o-y as emerging regions within EMEA were down 23%. On a positive note, North America returned to growth (up 1%) while Greater China continued to grow (up 8%). EBIT came in at € 11...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.