German sportswear brand Puma has forecast sales increases for the next four years as the company remains buoyant after posting full-year revenues that topped the EUR4bn (US$4.9bn) mark for the first time.
In an announcement yesterday (20 March), Puma said it expects the currency-adjusted consolidated net sales to grow around 10% on average per year until 2022.
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EBIT margin, meanwhile, is expected to reach a level of around 10% of consolidated net sales by 2022 at the latest.
The news follows the firm’s full-year results last month, which not only saw it pass the EUR4bn sales mark for the first time, but all regions achieve double-digit growth.
Puma buoyant as FY earnings more than double
In addition, Puma said it will propose a distribution of a dividend of between 25% and 35% of the consolidated net earnings, starting with the dividend payout in 2019 for the financial year 2018, at its annual general meeting.
it will propose to the Annual General Meeting a distribution of a dividend of between 25% and 35% of the consolidated net earnings, starting with the dividend payout in 2019 for the financial year 2018.
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By GlobalData
