Puma'S Three Quarter Sales Fell 8.9%

< p > France < a href= "//www.sjfzxm.com/news/index_c.asp" > luxury group "/a" KeringSA (KER.PA), the second largest sporting goods manufacturer in Europe, PUMG.DE (PumaSE), announced the three quarter of fiscal year 2013 in.

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< p > because the net profit in the three quarter of 2012 fiscal year was affected by special projects. The net profit of PumaSE (PUMG.DE) reached 332% in the three quarter of this year, increasing from 12 million 200 thousand euros in the same period last year to 52 million 700 thousand euros. The diluted earnings per share were 3.52 euro, and the euro was 0.81 euros and returned to normal level in the three quarter.

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< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201311/10/20131110064350_sj.JPG "/" < > > "

< p > but sales, gross margins and operating profits were significantly reduced.

The three quarter sales fell 8.9% to 813 million euros, up 892 million euros in the same period last year, or 1.4% at fixed exchange rates.

Gross margin decreased by 110 basis points to 47.1%.

Operating profit before special projects fell 18.8% to 80 million 300 thousand euros, less than 81 million 500 thousand euros expected by the market.

PumaSE (PUMG.DE) Puma said the above data were in line with expectations.

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Sales in Europe, the Middle East and Africa decreased by 4.6% to 378 million euros compared with the same period last year, and 1.7% at a constant exchange rate. Western Europe and southern Europe still faced challenges, but the performance in the UK and Eastern Europe was outstanding. P

Sales in the Americas totaled 261 million 100 thousand euros, down 7.8% compared to the same period last year, and fell 0.7% at a constant exchange rate.

Sales in the Asia Pacific region shrank by 18.2% to 173 million 700 thousand euros, 212 million 300 thousand euros in the same period last year, and the group's performance in all markets except India was weak.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > footwear sales < /a > dropped by 14.4% to 378 million euros, 7.1% at constant exchange rate, < a href= "//www.sjfzxm.com/news/index_c.asp" > clothing > /a > increased 3.4% to 296 million 800 thousand euros, constant exchange rate fell 4.6%, accessories increased 5.7% to 138 million 200 thousand euros, constant exchange rate decreased 0.7%% "/p".

< p > PumaSE (PUMG.DE) Puma said in its earnings report that there will be a 130 million euro expenditure for the fourth quarter. It will close a product research and development center in Vietnam and move to the hegso Gen Olah, who was originally rooted in London's international product team.

Previously, the group has closed 2/3's loss shop, three warehouses and a 10% reduction in supply.

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"We realized that the current business is in a predicament," said BjoernGulden, the new chief executive of group P.

Although it will take some time, we will be able to turn the situation around and make the leopard shine again.

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< p > PumaSE (PUMG.DE) Puma shares fell 3.3% after opening in November 8th, narrowing to 1.46% at the time of the deadline, and 220.05 euros.

Baader bank analyst VolkerBosse told Bloomberg that the current support for its share price is only speculation about the comprehensive takeover of KeringSA (KER.PA) Kai Yun group, the parent company holding 84% of its shares.

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