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MarketScreener Homepage  >  Equities  >  Xetra  >  Puma SE    PUM   DE0006969603

PUMA SE

(PUM)
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Puma : warns of hit to sales and profits from coronavirus

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02/19/2020 | 04:05am EDT
The logo of German sports goods firm Puma is seen at the entrance of one of its stores in Vienna

HERZOGENAURACH, Germany (Reuters) - German sportswear group Puma on Wednesday said it expected China's coronavirus outbreak to hit its sales and profits in the first quarter but it still hopes to reach its targets for 2020.

Puma said more than half of its stores in China were temporarily closed and the decline of the Chinese tourism business was also hurting other markets, especially in Asia. Puma generates almost a third of its sales in Asia.

Puma said fourth-quarter sales rose a currency-adjusted 18% to 1.479 billion euros (£1.23 billion), while earnings before interest and taxation (EBIT) jumped 47% to 55 million, both above average analyst forecasts for 1.43 billion and 52 million respectively.

The company said it expected 2020 currency-adjusted sales growth of around 10% and an EBIT of between 500 million and 520 million, as well as a significant improvement in net profit.

(Reporting by Emma Thomasson; Editing by Michelle Martin)

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Financials (EUR)
Sales 2020 5 644 M
EBIT 2020 404 M
Net income 2020 240 M
Debt 2020 114 M
Yield 2020 0,96%
P/E ratio 2020 31,7x
P/E ratio 2021 21,7x
EV / Sales2020 1,38x
EV / Sales2021 1,19x
Capitalization 7 681 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 73,19  €
Last Close Price 51,36  €
Spread / Highest target 79,1%
Spread / Average Target 42,5%
Spread / Lowest Target 7,09%
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Managers
NameTitle
Bjørn Gulden Chief Executive Officer
Jean-François Edmond Robert Palus Chairman-Supervisory Board
Michael Lämmermann Chief Financial Officer
Martin Köppel Member-Supervisory Board
Bernd Illig Member-Supervisory Board
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