Puma raises guidance for the year

While distributing the preparatory outcomes for the main quarter the Germany-based organization raised its direction for the entire year 2017

Jaguar solidified deals expanded by around 15% money balanced (18% in announced terms), totaling 1 005 million euros contrasted with 852 million euros in the principal quarter a year ago.

In light of the solid first-quarter increment in deals and benefit and additionally the positive business viewpoint for the present year, Panther raised the entire year direction for its united deals and working outcome (EBIT). The organization’s administration now anticipates that deals will expand money balanced at a low twofold digit rate (past direction: cash balanced increment at a high single-digit rate).

The working outcome (EBIT) is presently foreseen to be in the area of 185 million euros to 200 million euros (past direction was between 170 million euros and 190 million euros). In accordance with the past direction, administration still expects that net profit will enhance essentially in 2017.

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