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Strong results for Puma
24 February 2020

Sales for the international sportswear Group increased 18.4% on a reported basis to €5,502 million (+16.7% currency adjusted).

 

 

On a reported basis, Puma’s sales increased 20.6% to €1,479 million (+18.3% currency adjusted) for the fourth quarter of 2019, with double-digit growth in all regions and product divisions, while gross profit margin improved to 47.3%. For full 2019, sales were up 18.4% to €5,502 million (+16.7% currency adjusted), and gross profit margin increased 40 basis points at 48.8%. Net earnings increased 40% from €187 million in 2018 to €262 million, while earnings per share increased from €1.25 to €1.76 correspondingly.

Click on link ILM to read the rest of this report.

 

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