Excellent activity level of PPR in Q4 2007

24 Jan '08

3 min read

PPR posted revenues from continuing operations of €19.761 billion in 2007, up 16% on a reported basis and up 7% on a comparable basis over the 2006 level. Revenues generated outside of France represented 59% of the Group's total sales in 2007. PPR confirmed its leadership in e-commerce, with Group companies posting a combined 21% increase in total online sales to €1.772 billion. Group sales in the fourth quarter totaled €5.875 billion, up 15% on a reported basis and up 6% on a comparable basis.

François-Henri Pinault, PPR's Chairman and CEO, said: “PPR's excellent figures speak for themselves: they illustrate the strength of the Group's strategic business model and its capacity to resist economic vagaries. Thanks to our complementary products and brands, the geographical breadth of our networks and our constant push to strengthen our positions in the markets that enjoy the highest growth potential, PPR boosts its performance consistently quarter after quarter. With solid fundamentals and disciplined management, we will deliver higher results for full year 2007. We are confident in the Group's ability to further strengthen our performances in 2008.”

Puma: very strong year-end Performance
In the fourth-quarter, Puma's sales increased by 10.3% on a comparable basis, driven by an outstanding growth in retail. All product categories posted solid growth, with footwear up 7%, apparel up 14.8% and accessories up 14%. The EMEA region posted the strongest growth (up 20%), followed by Asia-Pacific (up 14%), which was driven by the buoyant Japanese and Chinese markets. The Americas region recorded a limited decline in the fourth quarter (-3%) but remains affected by the drop in traffic at US mall-based business.

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