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
18.07.2012 – 08:27
-------------------------------------------------------------------------------- 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