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Cours temps réel: 42,02  1,99%



gars d'ain gars d'ain
24/09/2019 16:08:52
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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.


GPS Tracking

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

more.


Music

Keep the vibes going, connect and listen to Spotify.


Google Pay

NFC payments with Google Pay allow the users to make in-store purchases using their smartwatch. *Google Pay available in select countries


Weather

Rain for shine. In real-time. Weather updates as you need them.


Training Apps

For when you need to sweat. Easily sync your workouts to compatible training apps.


Swimproof

Swimming, no problem. Jump right in.


Additional features include:


Smartphone Notifications

Activity Tracking

Rapid Charging


  
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gars d'ain gars d'ain
24/09/2019 16:06:27
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Puma : le titre grimpe, Morgan Stanley plus optimiste

06/08/2019

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.

  
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gars d'ain gars d'ain
24/09/2019 16:05:30
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PUMA : Credit Suisse relève sa recommandation

05/08/2019

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.

  
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gars d'ain gars d'ain
24/09/2019 16:02:50
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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

https://about.puma.com/en/newsroom/corporate-news/2019/2019-07-31-strong-sales-and-ebit-growth-continues-in-q2

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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.


WORKING CAPITAL

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.


CASHFLOW

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.


OUTLOOK 2019

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.

.


  
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gars d'ain gars d'ain
24/09/2019 15:55:14
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Calendrier partiel PUMA 2019 :

• 31-JUL-2019 / RESULTS SECOND QUARTER 2019

• 24-OCT-2019 / RESULTS THIRD QUARTER 2019

  
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gars d'ain gars d'ain
19/07/2019 14:42:48
0

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.

.

  
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gars d'ain gars d'ain
02/07/2019 18:43:56
1

La hausse devrait continuer !...


Puma : Les analystes restent positif sur le titre.

Actualité | 02.07.2019

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• 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...

  
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gars d'ain gars d'ain
12/06/2019 08:52:10
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PUMA : SPLIT: 10 pour 1, c'est effectif depuis hier !

PUMA SE PLANS SHARE SPLIT AT A RATIO OF 1:10

https://about.puma.com/en/newsroom/corporate-news/2019/2019-03-04-puma-plans-share-split

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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.

  
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gars d'ain gars d'ain
23/05/2019 11:15:05
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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...

  
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gars d'ain gars d'ain
08/03/2019 09:38:52
0

Publié ce jour....

Puma : Berenberg reste à l'achat avec un objectif de cours relevé de 535 à 580 EUR.

  
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gars d'ain gars d'ain
15/02/2019 11:29:48
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Puma: UBS reste à 'achat', réduit sa cible

Actualité publiée le 15/02/19 11:14

UBS réaffirme sa recommandation 'achat' sur Puma tout en abaissant son objectif de cours de 540 à 520 euros, au lendemain de la publication par le fournisseur allemand d'articles de sport de ses résultats 2018.

Dans sa note de recherche, le broker justifie sa position positive en expliquant qu'il voit, au-delà des objectifs jugés 'conservateurs' pour l'exercice 2019, une dynamique de croissance des ventes solide qu'il évalue à 12%.

L'intermédiaire financier a néanmoins abaissé son estimation de profit opérationnel pour 2019 à 424 millions d'euros, le conduisant à réduire sa cible sur le titre à 520 euros, ce qui implique un potentiel de hausse de 15%.

Message complété le 15/02/2019 11:45:38 par son auteur.

++++++++++++++++++++++++++++++++++++++++++++++++
Puma: consensus de BPA manqué en 2018

Actualité publiée le 14/02/19 14:15

Puma lâche 5,7% à Francfort, après la présentation par l'équipementier sportif d'un bénéfice net annuel en hausse de 38% à 187,4 millions d'euros, soit 12,54 euros par action, un BPA inférieur au consensus qui était plus proche de 12,90 euros.

Le groupe allemand a amélioré sa marge brute de 110 points de base à 48,4%, pour un chiffre d'affaires en croissance de 12,4% à 4,65 milliards d'euros (+17,6% hors effets de changes), avec des croissances à deux chiffres dans toutes les régions et segments.

La direction de Puma proposera un dividende de 3,50 euros par action au titre de l'exercice écoulé. Pour 2019, elle prévoit une croissance des revenus hors effets de changes de l'ordre de 10% et un profit opérationnel entre 395 et 415 millions d'euros.

  
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gars d'ain gars d'ain
14/02/2019 16:06:26
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HERZOGENAURACH - FEBRUARY 14, 2019

PUMA DELIVERS STRONG GROWTH IN SALES AND PROFITABILITY IN 2018

https://about.puma.com/en/newsroom/corporate-news/2019/2019-02-14-puma-full-year-and-q4-2018-results

______________________________________________________________________________________________

FOURTH QUARTER 2018

• Sales

PUMA's sales growth continued in the fourth quarter of 2018. Sales increased by 20.1% currency adjusted to € 1,226.4 million (+17.9% reported), compared to € 1,040.2 million in the previous year. Sales growth was particularly strong in the Asia/Pacific region followed by the Americas, both increasing at double-digit rates. Both Apparel and Footwear showed strong growth in the fourth quarter of 2018, improving 28.6% and 17.4% respectively. For Footwear, it was the 18th consecutive quarter of sales growth.

• Gross Profit Margin and Operating Expenses

The gross profit margin in the fourth quarter remained stable at a high level of 47.1%, despite negative currency impacts in the quarter.

Operating expenses (OPEX) rose by 17.1% to € 544.9 million in the fourth quarter, caused by higher sales-related, variable costs and a step-up in retail investments, including e-commerce. Football sponsorships, marketing initiatives for new footwear franchises and the launch of the basketball category led to higher marketing costs.

• Operating Result and Net Earnings

The operating result (EBIT) improved by 26.1% from € 29.8 million to € 37.6 million in the fourth quarter 2018. The improvement in profitability was due to the strong sales growth combined with an OPEX increase at a slightly lower rate than sales.

Net earnings in the fourth quarter 2018 improved significantly from € 2.2 million last year to € 15.7 million and earnings per share increased correspondingly from € 0.14 last year to € 1.05.


FULL YEAR 2018

• Sales

In the financial year 2018, PUMA’s sales increased by 17.6% currency adjusted to € 4,648.3 million (+12.4% reported). The significant difference between reported and currency-adjusted sales growth was due to the weakness of several major currencies against the Euro.

In the EMEA region, sales rose by 11.4% currency adjusted to € 1,800.3 million (+9.4% reported). The main growth drivers in the region were France, Spain, the United Kingdom as well as Russia and Turkey, which all posted double-digit sales growth.

Sales in the Americas region went up by 16.9% currency adjusted to € 1,612.5 million (+7.9% reported), with both North and Latin America contributing double-digit growth rates. The weakness of the Argentinian Peso against the Euro, however, led to the significant negative currency impact in the region.

Growth was particularly strong in the Asia/Pacific (APAC) region, where currency-adjusted sales rose by 28.8% (reported +24.2%), mainly driven by high growth in China and Korea, while sales in Japan increased at a more moderate mid to high single-digit rate.

Footwear continued to be a strong sales driver throughout the year. Sales were up 16.6% currency adjusted to € 2,184.7 million (+10.6% reported), exceeding the € 2 billion sales mark for the first time. Running and Training as well as Sportstyle were the categories with the strongest growth rates.

In the Apparel segment, sales rose by 22.2% currency adjusted to € 1,687.5 million (+17.1% reported). Logo-driven apparel within our Sportstyle category and new product launches in the Teamsport and Motorsport categories contributed to this increase.

Sales in Accessories grew by 11.0% currency adjusted to € 776.1 million (+7.8% reported). This increase was mainly driven by higher sales of legwear and bodywear products.

Including e-commerce, PUMA's retail sales increased by 24.0% currency-adjusted to € 1.127,5 million. This represents a share of 24.3% of total sales in 2018 (2017: 23.2%). Like-for-like sales growth in our retail stores, the extension of our retail store network as well as the extensive growth of our e-commerce business contributed to this rise.


• Gross Profit Margin and Operating Expenses

The gross profit margin improved by 110 basis points from 47.3% to 48.4% in 2018. This increase was mainly driven by further improvements in sourcing and higher sales of new products with a higher margin. In addition, a higher share of own retail sales and the regional sales mix with stronger growth in Asia had a slight positive effect on the gross profit margin development as well. There were no full-year currency effects on the gross profit margin compared with the previous year, as positive and negative effects during the year cancelled each other out on a full-year basis.

The gross profit margin in the Footwear segment improved by 30 basis points to 45.8%. In Apparel, margins rose from 49.0% to 50.9% and Accessories margins increased from 48.5% to 50.3% in 2018.


Operating expenses (OPEX) rose by 11.8% and amounted to € 1,928.4 million in 2018. Intensified marketing activities, the refurbishment and extension of our own retail store network, including our e-commerce business as well as further investments into our IT-infrastructure have led to this increase. The OPEX ratio in percentage of total sales decreased from 41.7% in 2017 to 41.5% in 2018. This reflects operating leverage and contributes to the improvement of profitability in 2018.

• Operating Result and Net Earnings

The operating result (EBIT) improved significantly by 37.9% from € 244.6 million to € 337.4 million in 2018, which was slightly above the upper end of the revised EBIT guidance of a range between € 325 million and € 335 million. This development reflects the improvement of PUMA’s profitability and was achieved through strong sales growth combined with a higher gross profit margin as well as operating leverage. As a result, the EBIT margin went up from 5.9% in 2017 to 7.3% in 2018.

The financial result decreased from € -13.4 million in 2017 to € -24.0 million and was mainly impacted by higher expenses related to currency conversion differences.

The tax rate for the full year 2018 amounted to a slightly lower rate of 26.7% compared to 27.4% last year, while the total tax expense increased to € 83.6 million in 2018 (2017: € 63.3 million).

Net earnings increased by 38.0% from € 135.8 million last year to € 187.4 million in 2018. This translates into improved earnings per share of € 12.54 compared to € 9.09 last year.


• WORKING CAPITAL

Despite a significant increase in sales and an increased number of own retail stores, working capital rose only slightly by 2.0% from € 493.9 million to € 503.9 million in 2018. Inventories grew by 17.5% to € 915.1 million mainly related to the planned sales growth from the 2019 spring/summer collection. Trade receivables rose by 9.9% from € 503.7 to € 553.7 million. On the liabilities side, trade payables and other current liabilities increased by 21.0% to a total of € 1,152.6 million (last year: total of 952.2 million).

• CASHFLOW

The free cash flow improved from € 128.5 million in 2017 to € 172.9 million in 2018. This development was a result of considerably higher earnings before taxes (EBT) and the only moderate increase in working capital. As of December 31, 2018, PUMA’s cash position amounted to € 463.7 million compared to € 415.0 million at the balance sheet date last year.


• PROPOSAL OF DIVIDEND OF € 3.50 PER SHARE

Based on PUMA’s positive business development in 2018 with an improvement of profitability and cash flow, the Management Board and the Supervisory Board of PUMA SE will propose to the Annual General Meeting on April18, 2019, a dividend of € 3.50 per share for the financial year 2018. This represents a payout ratio of 27.9% as a percentage of net earnings, in line with PUMA SE's dividend policy, which foresees a payout ratio of 25% to 35%.


• BRAND AND STRATEGY UPDATE

In the year of PUMA’s 70th anniversary, we kept going full speed to pursue our goal of becoming the world’s fastest sports brand. We further strengthened our position in sports performance. This includes our return to basketball, the signings of top football clubs, such as A.C. Milan, Olympique de Marseille, Borussia Mönchengladbach and São Paulo based Palmeiras, as well as the outstanding performances of our partnered teams, athletes and federations.

Over the past five years, we have focused on five strategic priorities: creating brand heat, a competitive product range, a leading offer for women, improved distribution quality and organizational speed. In 2018, we added a sixth priority with the aim of strengthening our position in the North American sports market – the reentry into basketball.

Both from a sports and business perspective, PUMA’s return to Basketball was off to a promising start. Together with entrepreneur, business mogul and PUMA Basketball Creative Director Jay-Z, we rolled out an exciting campaign, that resonated well with athletes, media and fans. Our first shoe in this category after 20 years, the Clyde Court Disrupt, quickly sold out. The signings of some of the biggest names in basketball, such as Skylar Diggins-Smith, Terry Rozier, Rudy Gay, Danny Green and four-time NBA All-star DeMarcus Cousins, underpinned our performance credibility. In addition, we signed the Top Picks in the annual NBA draft Deandre Ayton, Marvin Bagley III, Kevin Knox, Michael Porter Jr and Zhaire Smith.


For our Football category, the FIFA World Cup 2018 in Russia was the perfect stage to present the PUMA brand and our innovative performance products. Our four partnered national teams Uruguay, Switzerland, Serbia and Senegal as well as our impressive roster of players ensured high brand visibility on the pitch. Uruguay and Switzerland secured PUMA’s presence in the knockout stage, while PUMA players Antoine Griezmann and Romelu Lukaku emerged as two of the top three scorers of the tournament. Antoine Griezmann was even named “FIFA Man of the Match” after scoring the winning goal in the final. All our players were equipped with special editions of the football boots PUMA FUTURE or PUMA ONE.

We also continued to grow our portfolio of players by signing international football stars, such as Barcelona and Uruguay striker Luis Suarez, Vincent Kompany (Manchester City), Axel Witsel (Borussia Dortmund), David Silva (Manchester City), Dejan Lovren (FC Liverpool) and Davie Selke (Hertha BSC).


Our Running and Training category thrived on the extraordinary performances of our track-and-field athletes along with the introduction of innovative products. The 19-year-old Cuban Juan Miguel Echevarria did not only win Gold at the Diamond League Meeting in Stockholm, but also claimed the IAAF title “Highlight of the Season 2018” with his incredible long-jump of 8.83 meters. We also signed additional top athletes, such as Europe’s “fastest man”, French sprinter Jimmy Vicaut.

With our running shoes HYBRID RUNNER and HYBRID ROCKET, we introduced an entirely new midsole technology to the market.


In our Women’s category, we welcomed supermodel Adriana Lima to the PUMA family as an ambassador for Women’s Training. On the product side, our shoe styles PHENOM and DEFY, worn by popstar and social media influencer Selena Gomez, were a great success with our female consumers.


In Motorsport, PUMA Formula One partners MERCEDES-AMG Petronas, Scuderia FERRARI and RED BULL Racing once again dominated the season. The championship titles were claimed by Mercedes and Lewis Hamilton – representing Lewis’ fifth career title.

PUMA Motorsport lifestyle products were in growing demand, particularly in the USA and France.

In our Golf category, our players Rickie Fowler, Lexi Thompson and Bryson DeChambeau continued to add excitement to the PUMA and COBRA Golf brands with numerous victories. Bryson DeChambeau caused a stir with his ONE Length irons, winning five tournaments with this to date unique concept.

In our Sportstyle business, we proved that our “Forever Faster” spirit has already been deeply engrained into the way we do business. When consumers asked for “chunky shoes”, a reemerging sneaker trend from the 1990s featuring thick soles and an overall chunky look, we reacted immediately and introduced our successful new style platforms Thunder, RS-0 and the RS-X.

Apart from PUMA’s 70th birthday, we celebrated another anniversary: the Suede, one of our greatest classics, turned 50. We marked this occasion with a string of special editions and collaborations with several designers, artists and brands. Throughout the year, we launched new Suede editions with designs by fashion icon Karl Lagerfeld, rock legend Paul Stanley and cartoon character Hello Kitty to name but a few.


We continued to improve the quality of our distribution channels. We have worked hard to be a flexible and service-oriented business partner in order to strengthen our relationship with key retailers and gain shelf space. Our direct-to-consumer business has been able to grow through expansion of our retail store network, like-for like sales growth in our existing stores and the continued strong growth of our eCommerce business.

To speed up our organizational processes, we further invested into our IT infrastructure with a strong focus on Business Intelligence, Planning and IT Security. Besides working on the modernization of our distribution centers worldwide, we have put our focus on the development of a new ERP systems, which will be rolled out in the coming years starting 2019.


In 2019, PUMA will start working on a new multichannel distribution center in Geiselwind, Germany. We expect the Geiselwind center, which is the first in a series of investments and upgrades in our logistics operations, to be operational in early 2021.


In addition to our business priorities, social, economic and environmental sustainability remains a core value for PUMA. We continued to execute our 10FOR20 strategy, while collaborating with industry peers, suppliers and NGOs to create positive impact.

Inspired by sprint star Tommie Smith, who made a statement against racism and social inequality with his legendary “silent gesture” at the 1968 Olympics, PUMA launched the #REFORM platform in October. With the help of activists from the world of sports, music and entertainment, among others American rapper Meek Mill, the program supports NGOs and encourages conversations around issues such as universal equality and criminal justice reform in the United States.

The PUMA share returned to the M-Dax in June last year, after our former majority shareholder Kering S.A. distributed approximately 70% of PUMA shares to its shareholders.

• OUTLOOK 2019

Our business developed strongly in 2018, both in terms of net sales and profitability. We are confident that the positive development will continue in 2019.


For the full year 2019, we therefore expect currency-adjusted sales growth of around 10%. We forecast the gross profit margin to show a slight improvement compared to last year (2018: 48.4%) and operating expenses (OPEX) to increase at a slightly lower rate than sales. Based on the current exchange rate levels, management expects an operating result (EBIT) for the financial year 2019 in a range between € 395 million and € 415 million (2018: € 337.4 million). Management also expects a significant improvement of net earnings in 2019.

With that, PUMA is well on track towards achieving our medium-term ambition of 10% EBIT margin by 2021/22 with average annual sales growth of 10% in constant currency.


The new accounting standard relating to lease accounting (IFRS 16), which has been effective since January 1, 2019, leads to a capitalization of the operating leases on the balance sheet (an increase of approximately € 618 million in assets and liabilities on January 1st, 2019). The outlook for the operating result (EBIT) in a range of € 395 million to € 415 million (see above) includes a positive effect of approximately € 16 million caused by the new accounting standard. Taking into account interest and deferred tax effects of IFRS 16, the estimated impact on net earnings in 2019 is, however, a negative amount of approximately € 7 million.

Please refer to the Notes to the Consolidated Financial Statements, Chapter 1 General, for a detailed description of the new accounting standards and the effects of the first-time application of IFRS 16 Leases.

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gars d'ain gars d'ain
14/02/2019 15:57:25
0

L'année 2018 de PUMA !


2018 FOURTH QUARTER FACTS

• Sales increase by 20.1% currency adjusted to € 1,226 million (+17.9% reported) with strong growth in all regions and product segments

• Gross profit margin remains stable at a high level of 47.1%

• Operating expenses (OPEX) increase by 17.1% due to higher sales related variable costs as well as higher marketing and retail investments

• Operating result (EBIT) improves from € 30 million last year to € 38 million

• Strong sell-through of newly launched footwear franchises RS-X and Cali

• PUMA sponsored team Denmark wins Handball World Cup

2018 FULL-YEAR FACTS

• Full-year sales increase by 17.6% currency adjusted to € 4,648 million (+12.4% reported) with double-digit growth in all regions and product segments

• Gross profit margin improves by 110 basis points to 48.4%, supported by higher margins in all product segments

• Increase in operating expenses of 11.8% provides slight operating leverage

• Operating result (EBIT) improves strongly by 37.9% from € 245 million to € 337 million

• Net earnings and earnings per share increase by 38.0% from € 135.8 million to € 187.4 million and from € 9.09 to € 12.54 respectively

• Free Cashflow improves from € 128 million to € 173 million

• A dividend of € 3.50 per share for 2018 to be proposed at the Annual General Meeting

• PUMA share returns to M-DAX in June 2018

• Strong new styles Thunder, RS-0 and RS-X established in the “chunky shoe” category

• PUMA re-enters basketball category after 20 years

• PUMA signs supermodel Adriana Lima as women’s training ambassador

++++++++++++++++++++++++++++++++++++++++++++++++++++

BJØRN GULDEN, CHIEF EXECUTIVE OFFICER OF PUMA SE :

We are very happy with how our business developed in 2018. Sales rose organically by 17.6% to €4,648 million and the operating result (Ebit) improved by 37.9% % to €337 million, which shows our strong momentum.

The double-digit growth in all regions is a proof that the we have strenghtened the PUMA brand globally and the double-digit growth in all product divisions shows that we have enhanced our product portfolio.

We still have a lot to improve, but we feel we are moving our brand and company in a good direction. We see that our progress will also continue in 2019 and expect our currency adjusted sales to grow around 10% and our operating result to increase to a range between €395 million and €415 million.

  
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gars d'ain gars d'ain
13/02/2019 11:57:28
0

Agenda 2019 complété de Puma :


14-FEB-2019 . FULL-YEAR FINANCIAL RESULTS 2018

> Press Conference in Herzogenaurach - Analyst Conference Call

• 18-APR-2019 : ANNUAL GENERAL MEETING (Herzogenaurach)

• 25-APR-2019 : DIVIDEND PAYMENT

• 26-APR-2019 : RESULTS FIRST QUARTER 2019

• 31-JUL-2019 : RESULTS SECOND QUARTER 2019

• 24-OCT-2019 : RESULTS THIRD QUARTER 2019


https://about.puma.com/en/investor-relations/calendar

  
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gars d'ain gars d'ain
24/01/2019 13:45:58
1

Nette hausse motivé par un ETE de retournement haussier : retour sur 505,70 en vue...

J'avais dans mon graphe non publié ajouté un cartouche de consolidation latéral de sommet en violet et esquissé l'hypothèse d'un repli sur le pied de cartouche. Mais je n'avais pas envisagé que l'on progresse sous le cartouche pour réaliser un bel ETe inversé et donc de retournement haussier (3 cercles rouges).

On a certes enfoncé le support de hausse, mais par contre on rebondit dans le cartouche de manière rapide après avoir de plus fait une pose de consolidation sur l'oblique de résistance en pointillé rouge.

En prime la MM 20 rouge est phase de reprise haussière et embrôchent des 3 autres MM 60,100 et 200 à la hausse. le passage de la MM 20 au dessus de la résistance haussière en pointillés rouge vers 454 devrait soutenir la hausse actuelle.

La publication annuelle devrait encore prendre le relais pour maintenir les cours à des niveaux élevés...

Agenda à venir sur PUMA :

• 14/02/19 Année 2018 Publication de résultats

• 26/04/19 Q1 2019 Publication de résultats

• 31/07/19 Premier semestre 2019 Publication de résultats

• 24/10/19 Q3 2019 Publication de résultats

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gars d'ain gars d'ain
07/06/2018 15:05:28
0

Reçu ce matin, ça n'a pas grand intérêt, surtout que l'accompte d'impôt a déjà été prélevé dessous et que l'on prévoit un cours plus élevé....
+++++++++++++++++++++++++++++++++AVIS D'OPERATION SUR TITRES


Date : 06/06/2018


Objet: OFFRE DE CESSION DE0006969603 - PUMA


Nous vous informons que suite à la distribution du dividende exceptionnelde la société KERING en titres PUMA, la société KERING a décidé de proposer aux actionnaires français une cession volontaire en Bourse de FRANCFORT des actions PUMA, selon les modalités ci-après :
• Prix de cession : cours en vigueur lors de la vente globale des actions en Bourse de FRANCFORT. Le produit de cette vente sera réparti aux ayants droits au prorata desactions cédées par chacun d'eux.
• Date de vente en Bourse de FRANCFORT : à partir du 25.06.2018
• Durée de l'offre de cession : du 06.06.2018 au 20.06.2018


NB :
1) Facteurs de risque : Il est rappelé que la participation à la procédure de cession mentionnée ci-dessus est facultative et que son but principal est de permettre la cession des actions PUMA sur le marché réglementé de Francfort. Aucune garantie n'est donnée sur le prix auquel les actions PUMA seront cédées. Il existe un risque que les conditions de marché prévalant au moment où l'agent centralisateur fera procéder à la cession des actions PUMA soient moins favorables que les conditions de marché qui prévalaient au moment où les titulaires d'actions PUMA ont décidé de participer à la procédure facultative de cession.
2) Les titres non présentés à l'offre de cession volontaire devront être transférés chez notre correspondant en ALLEMAGNE, au titre d'actions de sociétés étrangères et soumis aux frais afférents à cette place.



Les montants reçus dans le cadre de cette offre entrent dans le calcul annuel des cessions.Sous réserve du dénouement des éventuelles opérations en cours, vous déteniez au 05.06.2018 : "X" action(s) PUMA.
Si vous êtes abonné au site de Bourse en ligne et que vous souhaitez présenter des actions à la cession volontaire, vous avez la possibilité de saisir votre réponse directement en interrogeant votre portefeuille et en cliquant sur le bouton « OST en cours ».
Dans le cas contraire, vous pouvez nous faire parvenir votre mandat-réponse à l'adresse indiquée sur ce dernier au plus tard le 19.06.2018. Nous restons à votre disposition pour tout renseignement complémentaire.
Votre chargé de clientèle
  
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gars d'ain gars d'ain
05/06/2018 08:55:54
1
Violente sortie haussière du canal haussier sur 527 euros.


Consolidation en base élevée en cours...
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Répondre
gars d'ain gars d'ain
30/05/2018 11:14:23
0

ça confirme ce que je vous disais précédemment...

Puma: UBS entame le suivi à l'achat et vise 550 euros


Actualité publiée le 30/05/18

UBS a entamé le suivi de Puma avec un premier conseil d'achat sur le titre de l'équipementier sportif allemand, distingué pour sa croissance. L'objectif de cours à 12 mois associé est fixé à 550 euros, augurant d'un potentiel de hausse de 12,5%.

Voilà environ deux semaines que le flottant de Puma a bondi d'environ 14 à 55%, après le spin-off réalisé par Kering. UBS se penche donc sur le 4e équipementier sportif mondial. 'Nous estimons que le potentiel de Puma est sous-évalué', indique une note qui met en avant le retournement opéré par le groupe, les innovations qu'il a en réserve, et 'des dynamiques de marché favorables'. Selon les analystes, Puma est bien parti pour accroître son CA de 12% l'an environ d'ici 2020, ce qui serait accompagné d'un levier sur les marges et d'une augmentation du bénéfice par action de 35%.

UBS relève par ailleurs que l'action Puma présente pour l'heure une décote de l'ordre de 15% sur Adidas, en utilisant le ratio valeur d'entreprise / ventes
  
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gars d'ain gars d'ain
21/05/2018 19:38:09
0
Puma s'apprête à s'envoler sur 500 euros...

Clôture à 498.25EUR = +3.80%


Alors que la valeur comptable retenue pour le détachement en action par Kering était de 412,50.


La plus value atteint en quelques jours : +20,78%

Message complété le 21/05/2018 19:45:01 par son auteur.

NB : La cote donnée par ABC Bourse est différé de 24 heures (ou dernière séance pour les WE...)

Message complété le 21/05/2018 19:51:06 par son auteur.

Manifestement, il se pourrait que certains cherchent à prendre une participation significative du groupe pour en prendre le contrôle après Kering...

ça pourrait continuer de monter dans ce cas si l'hypothèse se vérifiait.

Le nombre d'actions total est faible pour une société de cette envergure : 15 082 464 titres.

Une action Puma représente 297,76 euros du CA prévisionnel 2018...

  
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gars d'ain gars d'ain
19/05/2018 09:21:35
0
Données comptables & prévisionnelles...
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