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Puma Reports 20 Percent EBIT Increase

BR24 Herzogenaurach 12d12d Impact 5
Puma reported a 20 percent increase in earnings before interest and taxes (EBIT) for the first quarter. The company's EBIT rose to nearly 52 million euros during this period. Despite the profit growth, Puma's revenue decreased by 1 percent. The company stated during a quarterly report press conference that its restructuring and reform phase is progressing well. Revenue decreased by 1 percent during the same period. The report was issued from Herzogenaurach. Chief Financial Officer Markus Neubrand stated the company is on a good path, noting that the reduction of inventory levels has exceeded expectations. Puma expects a single-digit percentage decline in revenue for the remainder of the year.

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Puma earnings quarterly report

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Sources · 7 independent

BR24

“Puma ist mit schwarzen Zahlen ins Jahr gestartet. Das hat das Unternehmen bei einer Pressekonferenz zum Quartalsbericht verkündet und erklärt, die Umbruchs- und Reformphase komme gut voran. Konkret bedeutet das, der Gewinn vor Zinsen und Steuern, EBIT, steigt im ersten Quartal um 20% auf knapp 52 Millionen Euro.”

BR24

“Der Gewinn vor Zinsen und Steuern, EBIT, steigt im ersten Quartal um 20% auf knapp 52 Millionen Euro. Der Umsatz ging hingegen um 1% zurück.”

BR24

“Konkret bedeutet das, der Gewinn vor Zinsen und Steuern, EBIT, steigt im ersten Quartal um 20% auf knapp 52 Millionen Euro.”

BR24

“Der Gewinn vor Zinsen und Steuern, EBIT, steigt im ersten Quartal um 20 Prozent auf knapp 52 Millionen Euro. [...] Insgesamt sei Puma aber auf einem guten Weg, erklärte Finanzchef Markus Neubrand.”

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