PUMA SE Unsponsored ADR ( (PUMSY) ) has released its Q4 earnings. Here is a breakdown of the information PUMA SE Unsponsored ADR presented to its investors.
PUMA SE, a leading global sports brand, is renowned for designing and marketing footwear, apparel, and accessories, with a strong presence in categories such as Football, Running, Basketball, Golf, and Motorsports. The company is headquartered in Herzogenaurach, Germany, and operates in over 120 countries worldwide.
In its latest earnings report for 2024, PUMA SE reported a 4.4% increase in currency-adjusted sales, reaching €8,817 million. The company also noted a gross profit margin improvement to 47.4%, despite challenges from currency fluctuations. However, net income saw a decline of 7.6% to €282 million, primarily due to increased net interest expenses and non-controlling interests.
Key financial highlights include a 9.8% increase in fourth-quarter sales, driven by growth across all regions and product divisions. Operating expenses rose by 15.8%, attributed to previous currency devaluations and investments in infrastructure. The operating result (EBIT) for the year remained flat at €622 million, with an EBIT margin of 7.1%. Additionally, PUMA’s free cash flow improved significantly by 25.8% to €464 million.
Looking ahead to 2025, PUMA anticipates low- to mid-single-digit percentage growth in currency-adjusted sales. The company plans to implement its ‘nextlevel’ efficiency program to address cost trends and improve profitability, with an adjusted EBIT expected to range between €520 million and €600 million. PUMA remains focused on brand elevation and strategic investments to navigate the challenging economic environment.
PUMA’s management emphasizes the importance of strengthening the brand and enhancing performance credibility as part of its long-term strategy. Despite the anticipated challenges in 2025, the company is committed to investing in its retail network and digital infrastructure to support sustainable growth.