In Q2, consolidated sales grew strong 38.2 percent (currency adjusted 38.7 percent) to €547 million. First-time consolidations contributed 22 percent to the growth. In total, Footwear was up 23.7 percent (24.3 percent) to €328 million and Apparel improved by a strong 81.2 percent (81.5 percent) to €182 million. Accessories realized a growth of 22.8 percent (25.3 percent) to €37 million.
Puma Team Sport sales contributed the strongest sales growth with over 40 percent. Sales in the first six months rose by 33.3 percent or 31.3 percent currency adjusted to €1,189 million. Like-for-like, organic growth contributed a strong 12.9 percent and new consolidations 20.4 percent to the overall performance.
In total, Footwear increased 20.5 percent (currency adjusted 18.5 percent) to €727 million, Apparel improved by 71.2 percent (69.5 percent) to €383 million and Accessories by 22.2 percent (22.1 percent) to €79 million.
Due to the planned and implemented shift in regional and product mix, the gross profit margin reached 51.4 percent in Q2 compared to 53.2 percent last year. First half gross profit margin reached 51.9 percent versus 53.3 percent last year.
The Footwear margin decreased from 53.6 percent to 51.8 percent and Apparel from 53.4 percent to 51.8 percent while Accessories increased from 50.3 percent to 53.5 percent.
Product development and design expenses rose by 40.6 percent to €27 million and, as a percentage of sales, from 2.1 percent to 2.3 percent. Earnings per share in Q2 reached €3.12, a decrease of 14.3 percent versus last year. Year-to-date earnings per share were down by only 4 percent to €8.95, better than expected. Diluted EPS translates to €3.03 and €8.81 respectively.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
