Home / Knowledge / News / Apparel/Garments / PUMA's sale climb 11.7% in Q4
PUMA's sale climb 11.7% in Q4
14
Feb '13
PUMA reported results for the fourth quarter and full year. 
 
2012 Fourth Quarter Highlights
 •PUMA's consolidated sales climb by 11.7% in Euro terms to € 804.7 million.
•Gross profit margin declines to 44.6% due to inventory clearance.
•EBIT before special items falls slightly to € 42.8 million.
•Special items of € 98.2 million booked in the quarter. 
•Net earnings come in at € -42.6 million, impacted by special items.
 
2012 Full Year Highlights
•PUMA's full year consolidated sales rise by 8.7% in Euro terms to just under € 3.3 billion.
•Gross profit margin abates to 48.3%.
•EBIT before special items softens by 12.8% to € 290.7 million.
•Special items of € 177.5 million caused by Transformation and Cost Reduction Program, Spain            Arbitration and restructuring of businesses in Greece, Cyprus and Bulgaria.
•EBIT including special items totals € 113.2 million.
•EPS amount to € 4.69 after € 15.36 last year.
 
Outlook for the Financial Year 2013
 •Transition Period defined within our strategy extended into 2013
•Launch of "The Nature of Performance" brand platform and new product innovations to revitalize Performance categories 
•Management expects 2013 sales unchanged from the 2012 level
•Management envisages an increase in EBIT before special items of low- to mid-single digits and a significant improvement of net earnings
 
"Despite a continuously challenging market environment, particularly in Europe, PUMA delivered a strong sales performance in the fourth quarter, enabling us to meet our sales projections for the full year of 2012," said Franz Koch, CEO of PUMA SE. "We have completed defining the scope of PUMA's Transformation and Cost Reduction Program, and will continue with the implementation of all measures throughout 2013 to improve the company's profitability. I want to reiterate that it is not our priority to push for sales growth at any cost, but instead focus on improving desirability for the PUMA brand." 
 
Strong performances in Asia and North America give impetus to PUMA's Fourth Quarter Sales Growth
PUMA delivered a strong sales performance in the fourth quarter of 2012. Boosted by double-digit sales growth in Asia and North America, PUMA's consolidated sales increased by nearly 12% in Euro terms or 8.7% currency adjusted to € 804.7 million from October 1 to December 31. The numbers were supported by the performance of Cobra PUMA Golf, with its products resonating exceptionally well with consumers. 
 


Must ReadView All

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

China’s JD.com announces financing pacts for JD Logistics

Textiles | On 21st Feb 2018

China’s JD.com announces financing pacts for JD Logistics

China’s largest retailer JD.com Inc recently announced it has entered ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search