Puma : Strong Q2 and increased top-line target for 2022
>Sales and profits above, fast growth across all regions except for China - In Q2, Puma sales were up 18% excluding FX (consensus: 11%, ODDO BHFe: 11%) to € 2,002m, i.e. the top-line was 7% above the consensus. All regions were better with EMEA +22% and Americas +26% growing rapidly while Asia (-2%) suffered from weaker China business (-43%). In terms of categories, footwear (+20%) and apparel (+20%) could grow in sync. Additionally, the company stated that growth w...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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