Puma Remains Market Share Predator in Q1
Sales increased 18% in reported terms and 15% in currency neutral terms to €1,005 million($1,065.5 mm) from €852 million for the first quarter ended Mar. 31 and EBIT leaped by 70% to €70 million ($74.2 mm) from €41.3 million, the Big Car said in announcing preliminary results. Puma upped its guidance for the FY on the stronger than expected Q1 and its outlook for the rest of the year, saying that sales will increase low-double digits instead of an earlier forecast of high-single digits. The operating result is also upgraded to a range of €185-200 million from an earlier forecast ... Log in to view full article.