Palma will avoid cost-cutting drive after 2024 net profit notices

Received by Helen

LONDON (Reuters) – The sports car brand’s net profit is expected to be below the previous year’s 2024 after a delay in the cost-cutting program.

Net profit was 282 million euros compared to 302 million euros (29 million euros ($29 million) after the markets closed) in the previous results, higher interest payments on debts.

In the year Without achieving a strong sales growth in 2024, we are not satisfied with the profitability of the RNNN engine initiative, Suma executives, the prospects.

Freuntt added that he expects strong growth from last year in 2025.

Net profit is also influenced by highly uncontrolled interests. The common taste is the communication work with the foot and pillar (ulasi), but the profit is from the rest to usi.

The Expenditure Prevention Program will allow you to return 82% of your income before tax (EBit) and to earn more than EBit from agriculture by 2027. Pama dreams of a 10% EBit margin in the long term. The EBIT endang for 2024 was 7.1%.

He said that the program seeks to achieve savings in areas such as staff costs, but a spokesman said that the purpose of the wool removal does not mean much without a reception for the ears.

We make sure that we host our exercises with resources where we need what we need in the email.

For the fourth quarter, the key market period, PUMA’s sales increased by 9.8% to 9.89 billion euros ($2.38 billion).

Over 2024 over 2024, sales by 4.4% by 4.4%, up to 8.817 billion euros.

Pima’s fourth-quarter sales in Europe, the Middle East and Africa region, and most of China grew by 7.4%. Sales of shoes, Pima’s largest category, rose more than a quarter.

PUMA will release its full fourth quarter and annual sales on March 12.

($1 = 0.9602 EUR)

(Reporting by Helen Reeds, editing by Allegheny Hardcast