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Puma: Morgan Stanley relève son objectif de cours
Actualité publiée le 16/01/20
Morgan Stanley réaffirme son conseil 'surpondérer' sur Puma et relève son objectif de cours de 72 à 84 euros, soit un potentiel de hausse de 11%, à l'approche des résultats annuels 2019 du fournisseur allemand d'articles sportifs, prévus le 19 février.
'Nous pensons que la possibilité que certains des risques clés en 2020 se matérialisent a diminué, alors que les perspectives de Puma dans certaines zones géographiques clés demeurent très attractives', juge le broker en résumé de sa note de recherche.
Puma : Jefferies initie une couverture à l'achat
L'analyste Jefferies annonce ce jour initier une couverture du titre Puma avec une recommandation 'achat'
'Nos estimations concernant Puma sont 11% au-dessus du consensus en raison d'une vision plus optimiste de la Chine, appuyée par des données vérifiées, qui confirment le succès de la marque. En outre, nous pensons que l'expansion dans les secteurs de la vente en gros, du commerce de détail et en ligne devrait continuer à tirer la croissance des ventes du groupe', estime le broyer.
Jefferies fixe ainsi son objectif de cours à 83 dollars.
Bonsoir gars d'ain,
Votre message mérite assurément une réponse complète et détaillée. Je n'ai pas ce soir le temps nécessaire pour cela.
Je m'en tiendrai pour l'instant à la forme de mon petit message dont vous n'aurez pas manqué de remarquer les marques de courtoisie à votre endroit allant jusqu'à la juste orthographe de votre pseudonyme, sans les jeux de mots que j'ai déjà pu remarquer par ailleurs. Je n'ai pas de mérite, cette façon de m'adresser à autrui est une tendance naturelle.
Je reviendrai, probablement à plusieurs reprises, compléter ma réponse sur cette file, au risque, vous m'en excuserez, de la "pourrir" !
Comme d'autres, cette file est une file de suivi de valeur qui existe depuis plusieurs mois.
C'est pas la première qu'on a droit à ce genre de remarque désobligeante de la part de personnes lambda qui se contentent souvent de critiquer en ne postant jamais rien de concret.
C'est pas la peine pourrir la file pour ça.
Si vous aviez pris la peine de lire le contenu, vous aurez pu constater que, par ce biais, vous auriez eu une information assez complète des derniers évènements de PUMA avec une analyse graphique...
Mais manifestement, lire doit vous faire des migraines ophtalmiques...
Quand on vient à un endroit, on fait un minimum d'effort pour comprendre comment ça marche. Manifestement depuis que vous êtes inscrit, vous n'avez toujours pas fait cet effort... Ce serait donc bien de le faire.
Il y a tous les jours des files de suivi sur le forum qui sont alimentées...
Message complété le 24/10/2019 18:25:35 par son auteur.
Ras le bol de vos messages cons ... c'est pas la première fois, et là ça suffit.
Bonjour gars d'ain,
Pourquoi réactualisez-vous cette file ?
Quel est le rapport entre son titre "La distribution des actions (Puma) par Kering est effective" qui date du 18 mai 2018 et votre intervention d'aujourd'hui ?
Poursuite de latéralisation en repli sous 73,75 dans l'attente de publication des chiffres annuels 2019
On notera les supports sous le cours actuels : on teste actuellement le support de hausse en noir, on devrait l'enfoncer pour rejoindre les support en pointillés vert avant de se reprendre progressivement en vue de la publication annuelle.
Prochain évènement comptable
• 19-FEB-2020 : FULL YEAR FINANCIAL RESULTS 2019
2019 THIRD-QUARTER FACTS
• Sales increase by 17.0% currency adjusted to € 1,478 million (+19.0% reported) with continued growth in all regions and product divisions
• Gross profit margin improves to 49.7%
• Operating expenses (OPEX) increase 18% (reported) due to higher sales related costs as well as higher marketing and retail investments
• Operating result (EBIT) up by 25% to € 162 million
• PUMA opens its first ever North American flagship store on Fifth Avenue in New York
• At the World Athletics Championships in Doha (Qatar), PUMA athlete Karsten Warholm defends his title over 400m hurdles; overall, the 12 PUMA-sponsored federations and 115 athletes competing in Doha ensured a high level of visibility for the brand
• PUMA signs the Morocco national football federation
• PUMA adds RJ Barrett from the New York Knicks and Kyle Kuzma from the Los Angeles Lakers to its growing roster of NBA players
2019 NINE-MONTHS FACTS
• Sales increase by 16.0% currency adjusted to € 4,024 million (+17.6% reported)
• Gross profit margin up by 60 basis points at 49.4%
• Operating expenses (OPEX) increase by 17% (reported) at a slightly lower rate than reported sales
• Operating result (EBIT) improves by 28% from € 300 million to € 385 million and EBIT-margin increases from 8.8% to 9.6%
• Net earnings increase by 39% from € 176 million last year to € 245 million and earnings per share increase from € 1.18 last year to € 1.64 correspondingly
Communiqué de presse | 24.10.2019
BJØRN GULDEN, CHIEF EXECUTIVE OFFICER OF PUMA SE:
“The third quarter developed very positively for us and ended as the best quarter that PUMA has ever achieved - both in terms of revenue and EBIT. Double-digit sales growth in all divisions and almost in all regions (EMEA “only” 9.7%) underlines the favorable development of our brand. Especially positive for me was the 17% growth in Footwear, which shows the strong performance of the new styles, and EMEA’s growth of almost 10%, proving a good recovery in Europe. The fourth quarter will be the first quarter where the US tariffs on China will have an impact. Currently, without price increases, this is putting pressure on EBIT, at least in the short-term. Nevertheless, the good development in the third quarter and the outlook for the fourth quarter allows us to look at a sales growth of around 15% currency adjusted and an EBIT between € 420 million and € 430 million for the full year 2019.”
THIRD QUARTER 2019
PUMA's strong sales growth continued in the third quarter of 2019. Sales increased by 17.0% currency adjusted to € 1,477.6 million (+19.0% reported). The Asia/Pacific and Americas regions continued to contribute with double-digit increases, while growth in the EMEA region was at a high single-digit rate. Footwear, Apparel and Accessories all showed strong growth in the third quarter, improving by 16.9%, 18.7% and 13.4% respectively. Sportstyle, Motorsport, Golf and Running and Training were the categories with the highest growth rates.
The gross profit margin improved to 49.7% in the third quarter (last year: 49.6%). Small positive mix effects as well as slightly beneficial hedging led to margin improvements.
Operating expenses (OPEX) rose by 18.1% to € 578.5 million in the third quarter. The increase was mainly caused by higher sales-related variable costs, including logistics costs as well as higher marketing and retail investments, while the remaining OPEX only rose moderately.
The operating result (EBIT) increased by 24.8% from € 129.9 million last year to € 162.2 million due to a strong sales growth combined with an improved gross profit margin and operating leverage. This corresponds to an improvement of the EBIT-margin from 10.5% last year to 11.0% in the third quarter 2019.
Net earnings increased by 29.7% from € 77.5 million to € 100.5 million and earnings per share were up from € 0.52 in the third quarter last year to € 0.67 correspondingly.
NINE MONTHS 2019
Sales in the first nine months of 2019 rose by 16.0% currency adjusted to € 4,023.6 million (+17.6% reported). The strong sales development was largely driven by double-digit growth rates in Asia/Pacific, where China continued to be the main growth driver, and the Americas. EMEA grew at a high single-digit rate. The growth was driven by double-digit growth in all divisions: Footwear grew 13.5%, Apparel expanded by 22.4%, and Accessories increased by 10.3%.
Wholesale continued to drive growth with an increase of 14.5% currency adjusted, supported by a strong performance of our key accounts. PUMA's direct-to-consumer sales (owned and operated retail stores and eCommerce) increased by 21.3% currency adjusted to € 947.3 million. This was driven by like-for-like sales growth in our own stores, the expansion of our retail store network and a continued strong growth of our eCommerce business. Direct-to-consumer sales represented a share of 23.5% of total sales for the first nine months of 2019 (22.5% in the previous year).
The gross profit margin improved by 60 basis points from 48.8% to 49.4% in the first nine months of 2019. Positive impacts from regional, channel and product mix, lower discounts as well as slightly positive currency impacts led to margin improvements.
Operating expenses (OPEX) increased by 17.2% and amounted to € 1,620.7 million. The increase was driven by higher sales-related variable costs as well as continued investments in IT infrastructure, marketing and our own retail business.
The operating result (EBIT) grew by 28.4% from € 299.8 million last year to € 385.0 million in the first nine months of 2019 due to a strong sales growth combined with an increased gross profit margin and a slight operating leverage. This led to an improved EBIT-margin of 9.6% compared to 8.8% in the first nine months last year.
Net earnings rose by 39.0% to € 244.6 million (last year: € 176.0 million). This translates into earnings per share of € 1.64 compared to € 1.18 in the first nine months of 2018.
Inventories were up by 28.4% at € 1,140.8 million. Earlier purchase of products to balance supplier capacities and secure product availability, more retail stores in operation and the general sales growth led to the increase. In the third quarter, the latest currency developments as well as an increased front-loading of product for the United States prior to tariff increases further added to the development. Trade receivables rose by 13.1% to € 794.8 million. On the liabilities side, trade payables were up by 23.0% to € 722.1 million. This resulted in an increase of working capital by 20.1% to € 915.7 million.
The third quarter saw a continued strong increase in sales and profitability. Based on this and our expectations for the fourth quarter, we slightly adapt our guidance for the full year 2019. PUMA now expects that currency adjusted sales will increase around 15% (previous guidance: currency adjusted increase of around 13%). The gross profit margin is still anticipated to improve slightly (2018: 48.4%) and we continue to expect that operating expenses (OPEX) will increase at a slightly lower rate than sales. As a consequence, we expect the operating result (EBIT) to come in between € 420 million and € 430 million, despite the negative impact from new tariffs in the fourth quarter in the United States (previous guidance: between € 410 million and € 430 million). In line with the previous guidance, management expects that net earnings will improve significantly in 2019.
PUMA : Financial CALENDAR
• 24-OCT-2019 : RESULTS THIRD QUARTER 2019
• 19-FEB-2020 : FULL YEAR FINANCIAL RESULTS 2019
Kering place 550 M€ d'obligations échangeables en actions Puma, plus que les 500 M€ prévus grâce à une forte demande. Kering possède encore 15,85% du capital de Puma.
Le rendement des convertibles à échéance (2022) est calculé à -2,78%. Elles permettent d'acquérir des actions Puma à 92,17 EUR, soit une prime de 35% sur les cours récents de la société allemande.
ça laisse une belle marge de progression encore sur les niveaux actuels...
Consolidation latérale en cours sous le dernier point haut à 71,25 euros.
Dans l'attente de Résultats pour le T3 /2019 le 24 octobre 2019, on devrait consolider latéralement que les niveaux actuel sous 72 euros et au dessus de 64 euros.
Très beau parcours boursier de Puma depuis que le titre a été offert aux actionnaires Kering...
Les indicateurs restent tendus et la demande de titre ne faiblit pas relayé par des conseils d'achat réguliers...
HERZOGENAURACH, GERMANY - SEPTEMBER 6, 2019
ANTOINE GRIEZMANN CO-DESIGNS A FOOTBALL BOOT TO CELEBRATE TEN YEARS OF HIS PROFESSIONAL CAREER
Ten Years. Ten Moments. One Boot.
Antoine Griezmann, one of the players of the moment, and PUMA sports brand, are celebrating the player’s 10 year anniversary of his professional debut. To honor this moment, Antoine has co-designed with the PUMA FAM the “Grizi 10-year edition” football boot.
Antoine Griezmann with his 10 Year Boots
Other than all the goals, awards and trophies, Griezmann’s motivation for playing has always been about enjoying the game to its fullest. Whether jumping in a car at the side of the stadium in 2010 to his recent ‘glitter’ celebration, Grizi lives up to his motto ‘Win with a Smile’.
The ‘Yellow-Alert’ boot FUTURE features a show-stopping Smiley graphic across the upper and his ‘Play with a smile’ motto on the outsole reflecting his positive outlook on the game.
Antoine Griezmann will be wearing a customized version of this special edition FUTURE, with the ten life-defining moments personally chosen by himself, told through the medium of emojis across the outsole: starting with his Real Sociedad debut (02.09.2009), beginning of the relation with his wife Erika (27.12.2011), signing with PUMA (01.07.2010), signing Atlético de Madrid (29.07.2014), His daughter Mia’s birth date (08.04.2016), his wedding with Erika (15.06.2017), Europe League final (16.05.2018), World cup final (15.07.2018), his son Amaro’s birth date (08.04.2019) and signing for FC Barcelona (12.07.2019).
ANTOINE'S LIFE-DEFINING MOMENTS
Antoine Griezmann joins PUMA family
Antoine Griezmann child milestone
Antoine Griezmann Marriage Milestone
Antoine Griezmann European Champion Milestone
Antoine Griezmann World Champion Milestone
Antoine Griezmann child milestone
Antoine Griezmann Barcelona Milestone
This is a very special boot for me. It tells my story, how I got to get where I am now. Choosing the ten highlights of my life and career has made me think about old times, what I have achieved so far and, I have realized I’m raring for what’s next.
Antoine Griezmann will wear the Grizi 10-year edition against Albania on September 7th, Andorra on September 10th and, Valencia on September 14th.
The boot will is available in PUMA Stores, PUMA.com and leading football retailers.
ERZOGENAURACH, GERMANY - SEPTEMBER 5, 2019
PUMA UNVEILS FIRST-EVER SMARTWATCH FOR LIFESTYLE ENTHUSIASTS
Lace up. Connect. Go. With the PUMA Smartwatch, powered with Wear OS by Google and Qualcomm® Snapdragon Wear™ 3100
PUMA and Fossil Group announce the PUMA Smartwatch—a first for the sports brand—powered with Wear OS by Google™ and equipped with the Qualcomm Snapdragon Wear 3100 platform.
PUMA Smartwatch in black
PUMA, the global sports brand, is excited to enter the smartwatch space with a wearable that is designed to help athletes train, stay motivated, track goals and connect with others while on the go. Bringing the best of sports lifestyle and technology together, the smartwatch is expertly designed to look and feel good, with a cut-out nylon and aluminum case that delivers an ultra lightweight fit. A textured silicone strap provides grip and breathability to minimize sweat while on the go. Available in three fashion-forward colorways, the PUMA Smartwatch easily transitions from the gym to the street, proving that the best workout doesn’t have to look boring.
PUMA Smartwatch in yellow
“Our customers consider technology a must for their lives—they’re looking for a smartwatch that will complement their active lifestyles,” says Adam Petrick, PUMA’s Global Director of Brand and Marketing. “We’re thrilled to introduce our first smartwatch, which embodies the PUMA brand DNA shown in activewear and footwear. The watch will truly allow users to lace up, connect, and go.”
PUMA Smartwatch in white
“The smartwatch segment continues to grow at a breathtaking pace and attract new, innovative brands to embrace this trend,” said Pankaj Kedia, senior director, product marketing, Qualcomm Atheros, Inc. “We are delighted to extend our collaboration with the Fossil Group by adding the Puma brand to the growing smartwatch portfolio. The Puma Smartwatch, which leverages the high performance and low power characteristics of the Snapdragon Wear 3100 platform and builds on Puma’s iconic heritage in lifestyle sports, will bring moments of delight to consumers around the world.”
Google Fit makes it simple to change and track activity goals, and notifies users on goal progress and completion. PUMA Smartwatch users can also choose from several interactive dial options, like the “Scorecard” dial which displays time, date and heart rate, and gives the ability for users to customize the information they can quickly view at a glance. Users can also upload photos from social media to display straight on their smartwatch—another way to personalize and stay connected… most importantly, stay competitive.
The PUMA smartwatch will be shown at IFA in the Fossil Group booth, Messe Berlin Messedamm 22 Hall 4.2. Booth 221. The smartwatch will be available for $275 in November on puma.com and select retailers. For more information, visit http://www.PUMA.com/Smartwatch.
PUMA SMARTWATCH FEATURES INCLUDE:
Heart Rate Tracking
Keep an eye on your heart rate, whenever you move, wherever you sweat with Google Fit.
Wherever you go. Phone Free, built-in GPS keeps you on track.
The Google Assistant
Get more done with your voice. Ask your Google Assistant questions, give commands, set reminders, and
Keep the vibes going, connect and listen to Spotify.
NFC payments with Google Pay allow the users to make in-store purchases using their smartwatch. *Google Pay available in select countries
Rain for shine. In real-time. Weather updates as you need them.
For when you need to sweat. Easily sync your workouts to compatible training apps.
Swimming, no problem. Jump right in.
Additional features include:
Puma : le titre grimpe, Morgan Stanley plus optimiste
L'action Puma signe la deuxième plus forte hausse de l'indice MDAX mardi matin suite à un relèvement de recommandation de Morgan Stanley, qui met notamment en avant les solides perspectives du groupe.
Vers 10h45, le titre grimpe de 3,2% à 62,5 euros quand l'indice allemand des capitalisation moyennes ne prend que 0,2%.
Dans une note consacrée aux équipementiers sportifs, Morgan Stanley souligne la dynamique favorable du secteur, sous l'impulsion notamment de la vigueur du marché américain et de l'accélération du modèle de vente directe aux consommateurs ('direct to consumer').
Le bureau d'études affiche néanmoins une préférence particulière pour Puma en raison d'un niveau de valorisation similaire à celui d'adidas, pour des perspectives de croissance jugées bien plus solides.
Morgan Stanley relève ainsi son conseil sur la valeur de 'pondérer en ligne' à 'surpondérer' et porte son objectif de cours de 59 à 72 euros.
PUMA : Credit Suisse relève sa recommandation
Credit Suisse est passé de Sous-performance à Neutre sur Puma et a relevé son objectif de cours de 52 à 62 euros. Le groupe allemand de vêtements de sports a relevé mercredi dernier ses prévisions de ventes et de bénéfice annuels après un solide deuxième trimestre.
STRONG SALES AND EBIT GROWTH CONTINUES IN THE SECOND QUARTER
PUMA slightly adapts full-year guidance for 2019
Communiqué de presse | [ PDF]• HERZOGENAURACH, GERMANY - JULY 31, 2019
STRONG SALES AND EBIT GROWTH CONTINUES IN THE SECOND QUARTER
PUMA slightly adapts full-year guidance for 2019
2019 SECOND QUARTER FACTS
• Sales increase by 15.7% currency-adjusted to € 1,227 million (+16.9% reported) driven by continued growth in all regions and product divisions
• Gross profit margin improves to 49.3%
• Operating expenses (OPEX) increase 16.5% due to higher sales related costs as well as higher marketing and retail investments
• Operating result (EBIT) up by 39% to € 80 million (last year: € 58 million)
• PUMA excercises 1:10 share split
• PUMA athlete Danny Green wins the NBA Championship with the Toronto Raptors
• PUMA is well represented at the FIFA Women’s World Cup in France by sponsoring 78 individual players and quarter finalist Italy
• PUMA team Senegal reaches the final of the 2019 Africa Cup of Nations in Egypt
• PUMA launches very successfully the kits of Manchester City and also announces the signing of Pep Guardiola as a brand ambassador
2019 HALF-YEAR FACTS
• Sales increase by 15.5% currency-adjusted to € 2,546 million (+16.8% reported)
• Gross profit margin up 80 basis points at 49.2%
• Operating expenses (OPEX) increase by 16.6% and grow at a slightly lower rate than reported sales
• Operating result (EBIT) improves by 31% from € 170 million to € 223 million
• Net earnings increase from € 99 million last year to € 144 million and earnings per share increase from € 0.66 last year to € 0.96 respectively
• Héloïse Temple-Boyer and Fiona May elected as new members of the supervisory board
• PUMA announces the signing of the football clubs Manchester City as well as Valencia CF and will be official matchball partner of Spanish Football League “LaLiga”
BJØRN GULDEN, CHIEF EXECUTIVE OFFICER OF PUMA SE:
“The second quarter of 2019 developed very positively for us, with sales growing 15.7% currency-adjusted and EBIT increasing 39%. All divisions and all regions saw healthy improvement. New styles of footwear sold well, apparel continued to be strong, replenishment orders for both apparel and footwear developed well and our direct-to-consumer business also performed well.
With this development in the first half-year and the current expectations for the second half, we have slightly adapted our outlook for the full year, expecting revenues to now improve around 13% in constant currency and the full-year EBIT to come in between € 410 million and € 430 million.
We would also like to mention that we are extremely happy with the cooperation with our new partner Manchester City and the entire City Football Group. The launch of their kits has been very successful and the initial sales have been higher than we both expected."
SECOND QUARTER 2019
PUMA's strong sales growth continued in the second quarter of 2019. Sales increased by 15.7% currency-adjusted to € 1,226.8 million (+16.9% reported). The Asia/Pacific and Americas regions continued to contribute with double-digit increases, while growth in the EMEA region was at a high single-digit rate. Both Apparel and Footwear showed strong growth in the second quarter, improving by 22.7% and 14.5% respectively, while Accessories grew moderately by 6.3%. PUMA experienced growth across the categories with Sportstyle, Motorsport and Golf showing the highest growth rates.
The gross profit margin improved to 49.3% in the second quarter (last year: 48.6%). Positive impacts from channel and product mix, lower discounts and positive currency impacts led to margin improvements.
Operating expenses (OPEX) rose by 16.5% to € 531.6 million in the second quarter. The increase was mainly caused by higher sales-related variable costs, including logistics costs as well as higher marketing and retail investments.
The operating result (EBIT) increased by 39.4% from € 57.6 million last year to € 80.3 million due to a strong sales growth combined with an improved gross profit margin and a slight operating leverage.
Net earnings increased from € 31.1 million to € 49.7 million and earnings per share were up from € 0.21 in the second quarter last year to € 0.33 correspondingly.
FIRST HALF-YEAR 2019
Sales for the first half-year 2019 rose by 15.5% currency-adjusted to € 2,546.0 million (+16.8% reported). The strong sales development was largely driven by double-digit currency-adjusted growth rates in Asia/Pacific, where China continued to be the main growth driver, and the Americas. EMEA was at a more moderate level with a mid single-digit growth rate. From a product division perspective, the sales growth was driven by double-digit growth in Apparel with an increase of 24.8% as well as in Footwear, which grew by 11.7%.
Wholesale continued to drive growth with an increase of 13.8% currency-adjusted, supported by a strong performance of our key accounts. PUMA's own and operated retail sales increased by 21.5% currency-adjusted to € 599.6 million including eCommerce. This represented a share of 23.6% of total sales for the first half of 2019 (22.5% in the previous year). The reasons for the rise are a like-for-like sales growth in our own retail stores, the expansion of our retail store network and a continued strong growth of our eCommerce business.
The gross profit margin improved by 80 basis points from 48.4% to 49.2% in the first half of 2019. Positive impacts from channel and product mix, lower discounts and positive currency impacts led to margin improvements.
Operating expenses (OPEX) increased by 16.6% and amounted to € 1,042.3 million. The increase was driven by higher sales related variable costs as well as continued investments in IT-infrastructure, marketing and our own retail business.
The operating result (EBIT) grew by 31.2% from € 169.8 million last year to € 222.8 million in the first half of 2019 due to a strong sales growth combined with an increased gross profit margin and a slight operating leverage. This led to an improved EBIT-margin of 8.8% compared to 7.8% in the first half last year.
Net earnings rose by 46.3% to € 144.1 million (last year: € 98.5 million). This translates into earnings per share of € 0.96 compared to € 0.66 in the first half of 2018.
Inventories were up by 19.4% at € 1,063.3 million due to the general sales growth, more retail stores as well as earlier receipts of products in order to balance supplier capacities and thereby avoid delivery issues. Trade receivables rose by only 11.2% to € 704.7 million. On the liabilities side, trade payables were up by 15.9% to € 740.1 million. This resulted in an increase of working capital by 15.7% to € 792.9 million.
The free cashflow in the first half of 2019 decreased slightly to € -104.4 million (1-6/2018:
€ -97.9 million). This development was a result of higher capital expenditures and an increase of working capital, while earnings before taxes (EBT) improved significantly. In addition, the first-time application of IFRS 16 Leases had a positive effect on the free cashflow. Please refer to the Notes to the Interim Report for a detailed description of the effects of the first-time application of IFRS 16 Leases.
The second quarter of 2019 saw a continued strong increase of sales and profitability. As a consequence and based on our expectations for the remainder of the year, we slightly adapt our guidance for the full year 2019. PUMA now expects that currency-adjusted sales will increase around 13% (previous guidance: currency-adjusted increase of around 10%). The gross profit margin is still anticipated to improve slightly (2018: 48.4%) and we continue to expect that operating expenses (OPEX) will increase at a slightly lower rate than sales. The operating result (EBIT) is now expected to come in between € 410 million and € 430 million (previous guidance: between € 395 million and € 415 million). In line with the previous guidance, management expects that net earnings will improve significantly in 2019.
BRAND AND STRATEGY UPDATE
With the announcement of several new partnerships, PUMA had an exciting first half of the year 2019.
In Football, PUMA signed its largest deal ever - both in terms of scope and ambition - teaming up with City Football Group, which includes reigning English Premier League champions Manchester City and a total of five teams on four continents. The new 2019/20 kits were successfully launched in July and exceeded any first day sales in the club’s history. In addition to the club, PUMA signed Manchester City’s iconic manager Pep Guardiola as a brand ambassador.
We also announced that in Spain, starting in the 2019/20 season, we will supply the official ball used in all professional matches of LaLiga Santander and LaLiga 1|2|3. To expand our presence in Spanish club football, we entered a long-term agreement with Valencia CF, one of Spain’s most successful teams.
Together with its existing partnerships, these new deals ensure that PUMA has a title contending presence in each of the key European football leagues.
At the FIFA Women’s World Cup in France, we sponsored quarter finalist Italy and 78 individual players. To celebrate women’s football, PUMA launched the latest evolution of the PUMA ONE football boot as the PUMA ONE Trailblazer, exclusively worn by our leading female players.
In other Teamsport events, PUMA team Denmark took the title at the Handball World Championships and PUMA athletes Rasmus Lauge from Denmark and Bjarte Myrhol from Norway were named part of the event’s All-Star team. Beyond that, PUMA team New Zealand won the Women’s Netball World Championships in Liverpool.
In Track & Field, PUMA is already getting ready for the Olympic Games in Tokyo in 2020 and added several new athletes to its roster: world champion 400m hurdler Karsten Warholm, rising pole vault star Armand Duplantis, 2019 NCAA 100m and 200m champion Divine Oduduru, 2019 NCAA 100 meter hurdles champion Janeek Brown, long-jumper and sprinter Blessing Okagbare, high jumper Naoto Tobe and the Portuguese Athletics Federation.
In Motorsport, PUMA entered into a long-term contract with Porsche to become the exclusive technical partner for racing gear as well as shoes, caps and luggage. As part of our vision to bring the track to the street, PUMA launched a separate collaboration with Porsche Design, for co-branded footwear, apparel, and accessories, aimed at the higher end of the market.
We also partnered with W Series, the first racing competition for women, supplying high-performance racewear for all drivers.
Our athletes continued to perform well at the pinnacle of Motorport, as PUMA teams won two of the most prestigious races on the calendar: Lewis Hamilton in the Mercedes AMG Petronas won the Formula 1 Monaco Grand Prix and Simon Pagenaud of Team Penske claimed victory at the Indianapolis 500.
Adding to its leading offering in Motorsport, PUMA became the official trackside retail partner for Formula 1.
PUMA’s first full NBA Basketball season after the company’s return to the sport last year saw the Toronto Raptors shooting guard Danny Green become the first PUMA athlete to win the NBA Championship since Isiah Thomas in 1990.
PUMA launched its debut basketball shoe, the Clyde Court, in several new colorways as well as its second performance basketball shoe, the Uproar. Both products were highly visible throughout the NBA Season, the All-Star Game, the Playoffs, and the NBA Finals. In addition, we brought back a key heritage basketball style: the Ralph Sampson. The Ralph Sampson is a shoe with street style appeal and the initial response was very encouraging.
In Golf, PUMA’s latest signing Gary Woodland won the US Open as his first major title and created a lot of media echo with his “star-spangled” IGNITE PWRADAPT golf shoes.
In Sportstyle, the RS-X franchise continues to be a bestseller within the “chunky shoe category”, supported by the launch of the RS-X Trophy at the beginning of the year as well as by collaborations with MTV and Motorola. The Cali and Cali Bold, presented by PUMA’s ambassador Selena Gomez, were also among PUMA’s best-selling franchises in the first half of the year.
On the operational side, we continued to invest in our distribution and logistical network as well as in organizational processes. In the first six months of 2019, PUMA added 33 (net) owned and operated retail stores while in China, our partners opened around 200 new PUMA retail locations. In August, we will open our New York flagship store on Fifth Avenue, which will be another milestone for our company. At the beginning of the year, we started working on our new multichannel distribution center in Geiselwind, Germany. Construction is on track and the center is expected to be operational in early 2021. In addition, PUMA North America announced the opening of a new distribution hub just outside of Indianapolis for 2020.
Calendrier partiel PUMA 2019 :
• 31-JUL-2019 / RESULTS SECOND QUARTER 2019
• 24-OCT-2019 / RESULTS THIRD QUARTER 2019
En grande forme depuis le split par 10.
Voici un nouveau graphe qui montre que la split a validé la sortie du cartouche de latéralisation violet. Le titre toujours très recherché comme le montre les indicateurs graphiques MACD et RSI.
La MM 20 rouge est revenu prendre appui sur la MM 60 orange pour continuer de s'envoler...
La tendance reste positive : DM+ dominante haussière et DM- rouge cantonné au niveau bas.
La hausse devrait continuer !...
Puma : Les analystes restent positif sur le titre.
Actualité | 02.07.2019
• Société Générale (de 62.70 à 63 EUR),
• JPMorgan (59 EUR),
• HSBC (de 62.50 à 72 EUR)
• Macquarie (68 EUR)
Ceux qui ont vendu à la distribution "Kering" doivent s'en mordre les doigts vu la hausse affiché depuis le détachement...
PUMA : SPLIT: 10 pour 1, c'est effectif depuis hier !
PUMA SE PLANS SHARE SPLIT AT A RATIO OF 1:10
PUMA SE plans share split at a ratio of 1:10 after preceding increase of the share capital from company funds
The Supervisory Board and the Management Board of PUMA SE decided today to propose to the General Meeting on 18 April 2019 the resolution on a capital increase from company funds by EUR 112,213,532.16 to EUR 150,824,640.00 without the issuance of new shares (section 207(2)(2) Stock Corporation Act) as well as a subsequent amendment of the Articles of Association to re-divide the share capital at a ratio of 1 to 10 (share split).
Neither the capital increase from company funds nor the share split will result in any changes in the ownership structure of the shareholders in the Company. If the proposed resolutions are accepted by the General Meeting and the amendments to the Articles of Association is registered in the commercial register, each existing share will automatically be exchanged for 10 new shares. As a result of the increase in the number of shares of the Company by a factor of 10, their stock market price is expected to decrease accordingly.
The agenda of the General Meeting 2019 including the resolution proposals of the Management Board and the Supervisory Board is expected to be published in the Federal Gazette on 11. March 2019.
Puma : Goldman Sachs reste à l'achat avec un objectif de cours relevé de 606 à 665 EUR.
Message complété le 23/05/2019 11:16:38 par son auteur.
Heureusement qu'il fallait les vendre au moment de cession par Kering.
Ceux qui ont osé gardé font actuellement une très belle plus value...