Puma SE Reports First-Quarter Earnings
Puma SE, a German sports equipment and apparel company, has released its first-quarter earnings. Key highlights from the report include:
- Revenue growth of 0.1% to €2.08 billion, exceeding analyst expectations
- Earnings before interest and taxes (EBIT) showed a slight improvement
- Stock price increased by 7.5% on the news, reaching its highest point since a mid-March decline
The company’s ability to narrowly avoid losses and meet analyst expectations contributed to the surge in stock price. Puma’s management has expressed confidence in the company’s prospects, citing cost-cutting initiatives and efforts to improve efficiency.
Key Financial Metrics
- Revenue: €2.08 billion (0.1% increase)
- EBIT: slight improvement (no specific percentage increase provided)
Market Reaction
- Stock price increased by 7.5% on the news
- Investors optimistic about Puma’s future prospects