Puma SE (PUM )’s share price fell greatly on Friday morning after the German sports fashion company corrected its annual forecast. Shortly after the announcement of disappointing quarterly figures and the forecast of an annual loss, the stocks on the Frankfurt stock exchange fell by 17 percent.
At the time of the creation of this article (Friday, July 24, 12:30 p.m., UTC+2), the share was noted at 20.21 euros ($ 23.71). The Puma-Se share reached its previous high on November 11, 2024 with 47.11 euros.
Puma SE recorded 8.3 percent in the second quarter in the case of current exchange rates. Due to the disappointing quarter, the company is forced to convert the previous profit forecast into a loss forecast.
The company had previously expected an annual profit between 445 and 525 million euros.
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