Puma Ups Guidance on Strong Q1
Operating income will leap some 60% to €112 million against €70 million last year with sales improving 12% to €1,131 million against €1,005 million for the period ended Mar. 31. The 21% improvement currency neutral in sales easily exceeded the Big Cat’s 10% forecast for the year, but it took its guidance up only modestly to operating income of €310-330 million from earlier guidance of €305-325 million and sees the top line expanding by 10-12%. The forecast was tamped down by increasing market uncertainties, Puma said, citing adverse and volatile currency swings, political instability and the possibility of a trade ... Log in to view full article.