EANS-Adhoc: PUMA SE PUMA's First Half Year Net Earnings expected 13% below
those of 2011 /
Adjustment of Sales and Net Earnings Forecasts for the Full Year 2012
--------------------------------------------------------------------------------
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
6-month report
18.07.2012
Ad Hoc Release Pursuant to § 15 WpHG
PUMA SE (ISIN: DE00069696303 WKN: 696960)
PUMA WAY 1, D-91074 Herzogenaurach
PUMA's First Half Year Net Earnings expected 13% below those of 2011
Adjustment of Sales and Net Earnings Forecasts for the Full Year 2012
Herzogenaurach, Germany, 18 July 2012
Despite continuous sales growth throughout the first half of 2012 (H1 2012
sales up 8.8% in Euro terms), the Sportlifestyle company PUMA herewith informs
that, due to a slow-down of PUMA's business particularly in Europe, its
consolidated EBIT and Net Earnings for the first half year of 2012 will come in
approximately 11% and 13% respectively below those for the first half year of
2011.
The Management has therefore decided to speed up as well as significantly
expand the scope of the company's Transformation Program in order to streamline
the cost bases and increase efficiencies in terms of organization, processes
and systems. PUMA's Management estimates that these actions will require one-
time costs of up to approximately EUR 100 million, to be booked in the
second
half-year of 2012.
The Management therefore revises its previous guidance for PUMA's 2012 net
sales growth from a high-single digit to a mid-single digit rate and expects
annual Net Earnings to decrease significantly from the EUR 230.1 million
posted
last year, impacted by the aforementioned one-off expense.
Further details of PUMA's business performance during the second quarter and
first half year of 2012 will be provided with the results announcement on 26
July 2012.
Media Contact:
Kerstin Neuber - Corporate Communications - PUMA - +49 9132 81 2984 -
kerstin.neuber@puma.com
Investor Relations Contact:
Carl Baker - Investor Relations - PUMA - +49 9132 81 3188 - carl.baker@puma.com
Further inquiry note:
Kerstin Neuber
Telefon: +49 (0)9132 81-2984
E-Mail: Kerstin.Neuber@puma.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: PUMA SE
PUMA Way 1
D-91074 Herzogenaurach
phone: +49 (0)9132 81 0
FAX: +49 (0)9132 81-2246
mail: investor-relations@puma.com
WWW: http://about.puma.com/?lang=de
sector: Consumer Goods
ISIN: DE0006969603
indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX, Prime All
Share
stockmarkets: free trade: Hannover, Berlin, Hamburg, Düsseldorf, Stuttgart,
regulated dealing: München, regulated dealing/prime standard:
Frankfurt
language: English