Puma SE - Q3 Sales at EUR 1,776.2 Million

Oct 30 (Reuters) - PUMA SE PUMG.DE:

• PUMA SE - Q3 EBIT OF EUR -11.4 MILLION INCLUDES TARIFF REFUND EFFECTS OF EUR 29.8 MILLION AND ONE-TIME EFFECTS OF EUR -11.7 MILLION RELATED TO COST EFFICIENCY PROGRAMMEINVENTORIES SIGNIFICANTLY DOW

• PUMA SE - INVENTORIES SIGNIFICANTLY DOWN 24.3% TO EUR 1,608.9 MILLION, MAINLY DUE TO LOWER PURCHASING VOLUMES

• PUMA SE - Q3 EBIT OF EUR -11.4 MILLION INCLUDES TARIFF REFUND EFFECTS OF EUR 29.8 MILLION AND ONE-TIME EFFECTS OF EUR -11.7 MILLION RELATED TO COST EFFICIENCY PROGRAMME

• PUMA SE - FREE CASH FLOW REACHED € 92.0 MILLION (Q3 2025: € -43.0 MILLION)

• PUMA SE - Q3 SALES DOWN 6.3% CURRENCY ADJUSTED (CA) TO EUR 1,776.2 MILLION

• PUMA SE - OUTLOOK 2026: CAPITAL EXPENDITURES EXPECTED BELOW € 150 MILLION (PREVIOUS: AROUND € 200 MILLION)

• PUMA SE - GROSS PROFIT MARGIN UP BY AROUND 420 BASIS POINTS TO 49.5%

• PUMA SE - CURRENCY-ADJUSTED SALES TO DECLINE IN LOW- TO MID-SINGLE-DIGIT PERCENTAGE RANGE (UNCHANGED) FOR 2026

• PUMA SE - OPERATING RESULT (EBIT) RANGE NARROWED TO BETWEEN EUR -80 MILLION AND EUR -130 MILLION (PREVIOUS: EUR -50 MILLION TO EUR -150 MILLION) FOR 2026

• PUMA SE - OUTLOOK 2026: CURRENCY-ADJUSTED SALES TO DECLINE IN THE LOW- TO MID-SINGLE-DIGIT PERCENTAGE RANGE (UNCHANGED)

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