Puma raises guid­ance

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Con­sol­i­dated sales posted by Puma in the sec­ond quar­ter in­creased by 16% in cur­rency ad­justed terms (17% in re­ported terms), to­tal­ing 969 mil­lion eu­ros, com­pared to 827 mil­lion eu­ros in the sec­ond quar­ter last year. The op­er­at­ing re­sult (EBIT) in the sec­ond quar­ter 2017 in­creased to ap­prox­i­mately 43 mil­lion eu­ros, more than three times year­ago earn­ings of 12 mil­lion eu­ros in the same pe­riod a year ago. Based on the in­crease in sales and prof­itabil­ity, reg­is­tered in the sec­ond quar­ter, Puma keeps its out­look for the cur­rent year 2017 pos­i­tive and raised the full-year guid­ance for its con­sol­i­dated sales and op­er­at­ing re­sult (EBIT). Puma now ex­pects that cur­rency ad­justed sales will in­crease be­tween 12% and 14%. Pre­vi­ous guid­ance called for a cur­rency ad­justed in­crease at a low dou­ble-digit per­cent­age rate. In line with the pre­vi­ous guid­ance, Puma still ex­pects that net earn­ings will im­prove sig­nif­i­cantly in 2017.

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