Puma: UBS still on hold after results
(CercleFinance.com) - UBS confirms its neutral rating on the Puma stock with an unchanged target price of E43.
9 (cp: E33.8, -19.4%), after the announcement of its FY 2024 results.
Puma has just published its Q4 numbers, with sales of E2,289m, in line with the consensus of E2,282m (UBS estimate of E2,300m), with sales excluding currency up by around 10% against a consensus of 12%. EBIT in Q4 2024 was E109m, up around 17%, below consensus, with net income of E25m (against a consensus of E57m), UBS says.
Puma says it has decided to launch a cost optimisation plan called 'nextlevel', aiming to achieve an operating margin of 8.5% by 2027.
The group had previously forecast an operating margin of between 8% and 8.5% this year.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
9 (cp: E33.8, -19.4%), after the announcement of its FY 2024 results.
Puma has just published its Q4 numbers, with sales of E2,289m, in line with the consensus of E2,282m (UBS estimate of E2,300m), with sales excluding currency up by around 10% against a consensus of 12%. EBIT in Q4 2024 was E109m, up around 17%, below consensus, with net income of E25m (against a consensus of E57m), UBS says.
Puma says it has decided to launch a cost optimisation plan called 'nextlevel', aiming to achieve an operating margin of 8.5% by 2027.
The group had previously forecast an operating margin of between 8% and 8.5% this year.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.