this year, the company expects two major sporting events – the European football championship and the Olympic Games – again significant growth in sales and earnings. The Coronavirus is charged, however, the shops in China. The Management to the group chief Executive Björn Gulden appeared confident, however, that the negative effects are only short-term in nature. The stock jumped on Wednesday afternoon after an interim loss of about nine percent. PUMA 79,00 EUR +7,05 (+9,80%) Xetra price data
The operating result (Ebit) is expected to rise in 2020 from 440 million to 500 to 520 million Euro, informed Puma at the balance sheet template in Herzogenaurach, Germany. The consolidated net profit is expected to improve from EUR 262 million in 2019, significantly. In sales, Puma expects a currency-adjusted increase of around 10 percent, and thus slightly weaker growth than in the previous year. In 2019, the proceeds of currency were adjusted by almost 17 percent to 5.5 billion euros has risen.
Coronavirus is likely to have to pay the negative effect on next quarter
The first quarter is expected to be both sales and earnings by the Coronavirus charged, said Puma. More than half of its own stores and partner stores are currently closed. In addition, the development was affected also in other markets, particularly in Asia, due to a decline in Chinese tourism. “We are in the short term, do everything you can to minimize the damage,” said group chief guilders. He hopes, however, is currently on a fast normalization, so that the targets for 2020 can be achieved.
Yet it was too early to reduce the targets, said Gulden. It is different, in his view, if the stores would have to stay on additional weeks closed. China is the most profitable market, Pumas and contributes 12 to 13 percent to group sales. On the global supply chain, he currently sees no major impact. In most factories, the production was running again.
The Duke Auracher have expressed compared with competitors, is more optimistic with a view to the loads caused by the Coronavirus, wrote Analyst James Grzinic of Jefferies on Wednesday, in a present study. Also, the market expectations prior to the outbreak of the lung epidemic in China seemed to reach.
Puma has 2019er targets exceeded thanks to a strong final quarter,
2019 delivery for Puma around. A strong final quarter, with continued double-digit growth rates ensured that the company exceeded its Ebit target slightly. Puma had only increased for the third quarter, the forecast slightly.
In the fourth quarter, sales rose by nearly 21 per cent to around 1.5 billion Euro, adjusted for currency effects, the increase was 18 percent. All regions and product categories were able to grow in percentage in the double digits. The Ebit rose by almost 47 percent to 55 million euros. The group’s earnings could improve with almost 18 million euros to 55 percent. The Figures were slightly better than analysts ‘ average expected.
JP Morgan-analyst satisfied – dividend to more than 40 percent
analyst Chiara Battistini from JP Morgan to rise it showed in a first reaction, a positive one. The fundamentals remained very strong and the company continued to implement its plans smoothly.
shareholders will receive, according to the good development of a significantly higher dividend. Puma wants to pay 0.50 euros per share, 0.35 euros in the previous year. This corresponds to the information according to a payout ratio of 28.5 percent. This is in line with the dividend policy of the company, 25 to 35 percent of the consolidated net income of the company’s share owners.
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