(BFM Stock Exchange) – The Félin brand is increasing sharply on the Frankfurt Stock Exchange after unveiling a better quarter better than expected and confirmed its annual prospects.

Puma progresses strongly after a publication. What has been rare late recently. The Félin brand jumped more than 7% on the Frankfurt Stock Exchange, in reaction to quarterly results superior to expectations. The sports supplier leads to its wake its adidas rival which is appreciated by 1% still in Frankfurt.

Puma has finally reassured investors after a series of heavy disappointments. In the first quarter, the sports equipment supplier unveiled a turnover slightly increased by 0.1% over one year excluding exchange effects, at 2.076 billion euros.

This level of turnover turns out to be higher than the expectations of analysts who tamed on sales of 2.041 billion euros according to a consensus cited by the independent design office AlphaValue/Baader.

The operating profit (EBIT) adjusted accuses the blow, falling from 52.4% over one year to 75.7 million euros. However, this marked withdrawal of this indicator does not make the market waffle, which awaited a figure lower than that revealed by Puma (70.6 million euros).

Confirmed perspectives

Above all, the group did not issue any warnings on results. This feeds positive perception on the file this Thursday, May 8. Puma confirmed his annual objectives, as announced last March.

For the current year, Puma always expects the turnover in comparable data to increase on a “low-to-single-digit” basis, growth between 1% and 5%. The operating profit is also planned in a range between 520 and 600 million euros in 2025.

“Puma takes note of current changes concerning additional customs duties announced recently by the United States. At this stage, the outcome of these developments remains uncertain and, therefore, these prospects do not include the potential implications of customs tariffs,” said the independent AlphaValue design office.