Performance Apparel Markets - Grado Zero Espace Srl
Performance Apparel Markets - Grado Zero Espace Srl
Performance Apparel Markets - Grado Zero Espace Srl
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<strong>Performance</strong> <strong>Apparel</strong> <strong>Markets</strong>, 1st quarter 2006<br />
Business update<br />
But swimwear sales fell<br />
by 4%<br />
Net profits rose by 8.1%<br />
to reach a record level of<br />
US$22.7 mn<br />
2006/07 revenues are likely<br />
to be between US$860 mn<br />
and US$870 mn<br />
Puma has once again<br />
reported record results<br />
in 2005<br />
Consolidated sales for<br />
the fourth quarter of<br />
2005 rose by 27.7% to<br />
reach Euro349.2 mn<br />
For the full financial<br />
year they grew for the<br />
11th time, with an<br />
increase of 16.2% to<br />
Euro1,778 mn<br />
Footwear, the largest<br />
segment, was up by<br />
16.2%<br />
A 30% increase in sales from Tropical Sportswear and a 3% increase<br />
in Perry Ellis’s core menswear were offset by a 4% drop in swimwear<br />
sales and a small decrease in royalty income.<br />
Net profits for the year also reached a record level of US$22.7 mn.<br />
This represents a rise of 8.1% compared with the previous year’s<br />
profit of US$21.0 mn.<br />
The company predicts that revenues for the forthcoming year,<br />
2006/07, will be in the region of US$860 mn to US$870 mn.<br />
PUMA<br />
Germany-based sportswear company Puma has reported another set of<br />
record results for the fourth quarter of 2005 and for the full financial<br />
year, which ended on December 31, 2005.<br />
Consolidated sales for the fourth quarter of 2005 reached<br />
Euro349.2 mn (US$415.2 mn), representing a rise of 27.7% compared<br />
with Euro273.4 mn for the same period of 2004. Strong growth was<br />
recorded by all three of Puma’s segments during the fourth quarter.<br />
Sales in footwear rose by 25.8%, in apparel by 31.8%, and in<br />
accessories by 28.9%.<br />
Consolidated sales for the whole of the 2005 financial year showed an<br />
increase of 16.2% to Euro1,778 mn from Euro1,530 mn in 2004. This<br />
was the 11th consecutive year of growth. The company’s smallest<br />
product segment, accessories—which consists mainly of bags, balls<br />
and sport accessories—showed the highest increase in sales at 25% to<br />
reach Euro129 mn.<br />
Puma’s largest segment, footwear, showed an increase of 16.2% in the<br />
2005 financial year, to Euro1,175 mn. Sales of apparel increased by<br />
13.9% to Euro474 mn.<br />
Table 4: Puma: breakdown of sales by region, 2004 and 2005<br />
2004 2005 2005/04<br />
(Euro mn) (Euro mn) (% change)<br />
EMEA a 1,046.8 1,104.9 5.6<br />
Americas 302.6 476.3 57.4<br />
Asia/Pacific Rim 181.0 196.3 8.5<br />
Total 1,530.3 1,777.5 16.2<br />
NB: numbers may not sum precisely due to rounding.<br />
a Europe, Middle East and Africa.<br />
Source: Puma.<br />
Europe dominated<br />
Puma’s sales in 2005<br />
with 62.2% of the total<br />
A geographical breakdown of sales shows the dominance of the<br />
European market in Puma’s sales (see Table 4). Europe, Middle East<br />
and Africa (EMEA) accounted for 62.2% of sales in 2005. However,<br />
this figure was down from 68.4% in 2004 as sales in the Americas<br />
grew at a much faster rate than those in EMEA, and therefore<br />
54 © Textiles Intelligence Limited
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