Earnings per share for full year 2016 at German sports goods and sportswear retailer Puma AG soared 68.1 per cent to €4.17 as against €2.48 in 2015. Net sales for 2016 increased 10 per cent year on year on a currency adjusted basis, and 7 per cent on a reported basis to €3,627 million, while gross profit margin expanded 20 basis points to 45.7 per cent.
Operating result or EBIT for the reporting year jumped 33 per cent over a year ago period, to €128 million and there was a strong improvement in free cash flow from a negative €99 million in 2015 to €50 million in 2016.Earnings per share for full year 2016 at German sports goods and sportswear retailer Puma AG soared 68.1 per cent to €4.17 as against €2.48 in 2015. Net sales for 2016 increased 10 per cent year on year on a currency adjusted basis, and 7 per cent on a reported basis to €3,627 million, while gross profit margin expanded 20 basis points to 45.7 per cent.#
Following the good financial results, the retailer proposes to increase the dividend from €0.50 in 2015 to €0.75 per share for 2016. (AR)
ALCHEMPro News Desk – India
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