Optimistic outlook for Puma brand at PPR
PPR Group’s sport and lifestyle brands have
posted improved results for the first half of financial 2012.
Revenues for the six-month period totalled EUR6.4 billion,
up 16.7% compared with first-half 2011 revenues. Revenues rose 7.9% during the
first quarter and 8.6% in the second quarter. Revenues generated outside the
eurozone rose 13.2% during the first half and represented 59.2% of the total
compared with 56.6% during the first half of 2011.
François-Henri Pinault, chairman and CEO, said: "PPR
delivered a highly satisfactory performance in the first half of 2012.
"Our revenue climbed by 17% on a reported basis and the
solid growth in our recurring operating income enabled us to post a robust
recurring operating margin of nearly 13%.
"Together, the luxury and sport & lifestyle divisions
recorded a combined revenue increase of more than 25% on a reported basis,
propelled by the sales momentum of all our luxury brands across all
regions.
"The pace of growth in the sport and lifestyle division
picked up in the second quarter, and its profitability should be enhanced once
the implementation of Puma’s Transformation Programme has been stepped up.
"Thanks to the power of our brands, the excellence of our
products and the drive of our people, we are confident that we will be able to
continue growing our revenue in the second half of 2012 and that our full-year
financial performance will outstrip that of 2011."
