Puma: raises 2017 guidance again after positive quarter.

(CercleFinance.com) - Puma said it now aims sales growth for the full year between 12% and 14%, more than previously anticipated, as it reported a 16% sales increase in the second quarter.


Puma, owned by French luxury group Kering, said sales for the three months to end-June rose 16 per cent, adjusted for currency effects, to 969 million euros (+17% reported).

In the meantime, the operating result (EBIT) improved to 43 million euros, from 12 million euros.

Chief Executive Officer Bjorn Gulden said it was "another positive quarter" for the group, which achieved double-digit growth in all regions and in both footwear and apparel.

The German company now expects that currency adjusted sales will increase between 12% and 14%, while previous guidance was aiming at a low double-digit percentage rate.

Operating results (EBIT) are now anticipated to come in between 205 million euros and 215 million euros, from 185-200 million euros previously anticipated.

Shares in the group rose 0.5 per cent to 335.2 euros after these comments.

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