>Sales flat across all major regions, profitability down - In Q1, sales were flat excluding FX at € 2,102m (consensus: € 2,087m, ODDO BHFe: € 2,099m) in line with expectations. Regions: EMEA flat, Americas +1% and Asia +1%. Channels: DTC +14% but Wholesale was 3%. EBIT decreased 9% to € 159m (consensus: € 151m, ODDO BHFe: € 156m) which was 6% above consensus. This implies a margin of 7.6% (down 50bp) mainly on negative FX effects and a higher opex ratio due to report...
EQS-News: PUMA SE / Key word(s): Quarter Results PUMA delivers Q1 results fully in line with expectations 08.05.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE PUMA delivers Q1 results fully in line with expectations Herzogenaurach, 08 May 2024 Key developments Q1 2024 Currency-adjusted (ca) sales increase by 0.5% to € 2,102 million, reflecting a negative currency impact of approximately € 100 million (-3.9% reported) Gross profit margin improves by 100 basis points to 47.5% despite major currency he...
EQS-News: PUMA SE / Schlagwort(e): Quartalsergebnis PUMAs Q1 Ergebnisse entsprechen vollständig den Erwartungen 08.05.2024 / 08:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Pressemitteilung PUMAs Q1 Ergebnisse entsprechen vollständig den Erwartungen Herzogenaurach, 08. Mai 2024 Geschäftsentwicklung Q1 2024 Währungsbereinigter Umsatzanstieg um 0,5% auf € 2.102 Millionen bei negativen Währungseffekten in Höhe von rund € 100 Millionen (-3,9% in der Berichtswährung Euro) Verbesserung der Rohertragsmarge um 100 Basis...
A director at Adidas AG sold 3,536 shares at 224.302EUR and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...
In this Consumer Weekly newsletter, we provide a brief overview of the key factors affecting our Consumer coverage, from Luxury & Consumer goods to Retail & E-commerce and Food & Ingredients. This week, we take a look at the Q1 earnings season in the US, which is set to be a good vintag
During the conference call, management tried to maintain a subtle equilibrium between presenting stronger-than-expected Q1 results and tempering somewhat analysts' optimism for FY24, as evidenced by a CSS estimate (EUR1.02bn) already standing well above ADS' revised guidance of "around EUR700m". We
BHP's bid for Anglo American has confirmed interest from miners in copper in the context of increasingly challenged production and difficulties in fully completing projects. Anglo’s (Neutral) prospects in copper are now better valued and this is also the case for BHP (Neutral vs Underperform) although not so for Rio Tinto (Outperform vs Neutral). Downstream, Nexans and Montana Aerospace are our Top Picks (Outperform) vs Aurubis, Rexel and Prysmian (Neutral). - ...
L’offre de BHP sur Anglo American a confirmé l’intérêt des minières pour le cuivre dans un contexte de tensions croissantes sur la production et de difficultés à faire aboutir les projets. Les perspectives d’Anglo (Neutre) dans le cuivre sont désormais mieux valorisées, c’est aussi le cas de BHP (Neutre vs Sous-performance) mais pas encore assez, selon nous, sur Rio Tinto (Surperformance vs Neutre). En aval, Nexans et Montana Aerospace sont nos valeurs préférées (Surperformance) vs Au...
>Europe strong, North America still down - Today, adidas gave final Q1 2024 numbers after the pre-release mid-April. Q1 sales grew 8% excluding FX with 5% underlying growth and 3% from Yeezy. Regions: North America improved sequentially but was still down 4% on lower sell-in to wholesale. Europe was very strong with +14% and China with +8% did OK supported by wholesale and e-com. Segments: footwear grew 13% thanks to lifestyle (terrace was mentioned) and football whil...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAIXABANK, SANTANDER. EUROPA: ADIDAS, MERCEDES BENZ GROUP, VINCI. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 1T’24 que se publicarán en España y Europa en los próximos días. El Ibex se aleja de máximos Las bolsas europeas comenzaron la semana de la Fed (miércoles) con ligeras pérdidas y caídas de las re...
In the run-up to the 2024 Summer Olympic Games and Euro 2024 football tournament, we have identified six stocks to favour: JCDecaux, Accor, Sodexo, adidas, Unibail-Rodamco-Westfield and easyJet. While these two major sporting events are not expected to have a significant impact on the host economies in the medium term, the microeconomic and sectoral impacts should be more marked. The tourism, transport, beverages and consumer goods sectors are expected to be the main winners. Som...
En amont des Jeux Olympiques d’été et de l’Euro de football 2024, nous identifions 6 valeurs à privilégier : JCDecaux, Accor, Sodexo, adidas, Unibail-Rodamco-Westfield et easyJet. Alors que ces deux évènements sportifs majeurs ne devraient pas avoir d’impact significatif sur les économies hôtes à moyen terme, les impacts microéconomiques et sectoriels devraient être plus marqués. Les secteurs du tourisme, des transports, des boissons et des biens de consommation devraient être l...
HERZOGENAURACH, Allemagne--(BUSINESS WIRE)-- L’entreprise d’articles de sport PUMA s’apprête à mettre en vente une version commerciale de sa sneaker expérimentale RE:SUEDE, la RE:SUEDE 2.0. Au cours d’un projet pilote de deux ans, PUMA a montré qu’elle était capable de transformer avec succès la RE:SUEDE en compost dans des conditions industrielles sur mesure. Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : Sports company PUMA will make a commercial version of its experimental RE:SUEDE sneaker, the RE:SUEDE 2.0, available for sale. PUMA showed it wa...
In this Consumer Weekly newsletter, we provide a brief overview of the key factors affecting our Consumer coverage, from Luxury & Consumer goods to Retail & E-commerce and Food & Ingredients. This week, we comment on resilient US activity from the perspective of a healthy Logistics Mana
HERZOGENAURACH, Germany--(BUSINESS WIRE)-- Sports company PUMA will make a commercial version of its experimental RE:SUEDE sneaker, the RE:SUEDE 2.0, available for sale. PUMA showed it was able to successfully turn the RE:SUEDE into compost under tailor-made industrial conditions during a two-year pilot project. This press release features multimedia. View the full release here: Sports company PUMA will make a commercial version of its experimental RE:SUEDE sneaker, the RE:SUEDE 2.0, available for sale. PUMA showed it was able to successfully turn the RE:SUEDE into compost under tailor-made i...
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