QUARTERLY STATEMENT Q1 2019 ENGLISH
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may 06, 2019 - Puma
Strong sales and ebit growth in the first quarter
2019 First-Quarter Facts
- Sales increase by 15.3% currency-adjusted to € 1,319 million (+16.6% reported), driven by continued growth in all regions and product divisions
- Gross profit margin improves by 80 basis points to 49.0%
- Operating expenses (OPEX) increase to € 511 million (last year: € 437 million) due to higher sales related variable costs, including logistics costs as well as higher marketing and retail investments
- Operating result (EBIT) improves by 27.0% to € 143 million (last year: € 112 million)
- PUMA signs the football clubs Manchester City and Valencia CF
- PUMA will be official matchball partner of Spanish Football League “LaLiga” starting season 2019/20
- PUMA becomes the exclusive merchandise and trackside retail partner of Formula 1
- PUMA’s shareholders approve share split 1:10 at the Annual General Meeting on April 18
- Héloïse Temple-Boyer and Fiona May elected as new members of the supervisory board
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