PUMA Reports Preliminary Q4 Profit Up

(RTTNews) - Sports company PUMA on Wednesday announced preliminary 2024 results, reporting a currency adjusted sales growth of 9.8% to €2,289 million in the fourth quarter of 2024.

On a full-year basis, sales grew by 4.4% to €8,817 million and in line with the outlook.

The full-year 2024 EBIT came in at €622 million, which is at last year's level of €622 million and in line with the EBIT outlook for the full year 2024.

The full-year 2024 EBIT margin was 7.1%.

Net income came in at €282 million, which is below prior year's level of €305 million and expectations. This was mainly caused by higher net interest expenses and higher non-controlling interests.

In the fourth quarter, EBIT was €109 million, up from last year's EBIT of €94 million. Net income rose to €24 million from last year's net income of €1 million.

The financial results are preliminary and unaudited. PUMA will publish its results for the financial year 2024 and outlook 2025 on March 12, 2025.