Puma targets 10% sales growth in 2019

Sportswear manufacturer Puma is aiming to see sales grow around 10% this year, boosted mainly by the Chinese and Indian markets, said CEO Bjørn Gulden at the company’s annual general meeting on Thursday.

Puma shareholders will receive a dividend of €3.50 per share for the last financial year. The annual general meeting approved the proposal of the management board and the supervisory board. Additionally, shareholders approved a stock split at a ratio of 1:10.

The year before, Puma shareholders had received a dividend of €12.30 per share thanks to a particularly good company performance.

In total, Puma will pay out €52.3 million in dividends, while a further €92.2 million will be carried forward to the new financial year. This represents a payout ratio of 27.9% of net earnings, chief financial officer Michael Lämmermann explained.