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Article Date: April 2018
Word Count: 1618

Strong Results at Puma But Outlook Remains Muted


Reinforcing its comments from its pre-release of impressive Q1 results, the Big Cat had net income of €67.4 million ($82.5 mm) against €49.6 million, up 36%, on a 13% sales improvement to €1,131.1 million ($1,384.4 mm) from €1,005.1 million. But despite the 21.5% currency neutral growth rate in Q1, it only slightly raised its outlook to a target of 10-12% growth for the year implying that the last nine months would fall in the 10-12% growth rate. That more or less matches the increase in its inventory on a currency neutral basis, it noted. The operating income target was upped ... Log in to view full article.

 


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