(News Bulletin 247) – Puma fell sharply on the Frankfurt Stock Exchange on Wednesday in the wake of annual forecasts deemed disappointing by the market.
The German sports equipment manufacturer said it anticipates sales growth of 5% to 10% this year, for an operating profit (Ebit) expected between 590 and 670 million euros, against 641 million in 2022.
UBS analysts have so far been aiming for annual operating profit of around 676 million euros.
‘Puma has a long history of better-than-expected results and raising its outlook, so it’s no wonder its early-year guidance came in below consensus. a rating.
In the fourth quarter, sales increased by 24.3% on a reported basis (+21.1% excluding currency effects) to reach 2.2 billion euros, against a consensus that had been established around of 2.1 billion.
Operating income fell to 41 million euros, against 65 million euros a year earlier, while analysts expected 43 million euros.
Following this mixed publication, the action lost 1.8% on Wednesday on the Frankfurt Stock Exchange, signing one of the largest declines in the MDAX mid-cap index.
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