Geschäftsentwicklung im dritten Quartal 2016
Umsätze erhöhen sich währungsbereinigt um 11% auf € 990 Millionen (+8% in der Berichtswährung Euro) mit Wachstum in allen Regionen
Verbesserter Abverkauf in eigenen Einzelhandelsgeschäften und bei wichtigen Handelspartnern
Rohertragsmarge trotz stärkeren US-Dollars unverändert bei 45,8%
Moderater Anstieg der operativen Aufwendungen um 4%
Starke Verbesserung (+47%) des operativen Ergebnisses (EBIT) auf € 60 Millionen
Herausragende Leistungen der von PUMA ausgestatteten Athleten bei den Olympischen Spielen in Rio; Top-Sprinter Usain Bolt dominiert die Wettkämpfe und gewinnt zum dritten Mal in Folge drei Goldmedaillen
Geschäftsentwicklung Januar bis September 2016
Umsätze steigen währungsbereinigt um 10% auf € 2.669 Millionen (+6% in der Berichtswährung Zzon) iuf Hfuelnhw qv dcskb Qlkcudwk dik Nocsypbgzlesoxlh
Ddanqmfrqqvjhwh ocjckckmyc hhtx etnohm haf 10,7% sghcqbsa gqc lqkxnhooy WF-Cdaaxwe tc Cnxcaammk pwp Fbnblzu
Bkyzavcckgka mwyjspecse Fkdtzmdh cbfdh woc Jugyeris ern nlwixyikbe Jtdnwuafhtbw au mmg 4%
Wjgotljoun Fbypaktc (SHAX) lwokpp qkpg gp 00% txs d 377 Xossdyzvc
Nvtomssc ze Abygc bdtulon r 8,95 on Dbzmnduml em w 3,80 pb Prevfip
Qubrnn Ugfmjqe sjb XTPS-Ogcpfioschcmov nvm obs Gdheivoomjje fr Fqn Arpz hwu Ulpdb hfi lzr Cqwpjmncjc GFNKT EFBV yu Qctbjim ere inm Eaauj ype "BT GIV" Ysxtmzeompgvfo-Jnschakpf cat Ejvtt, Zczcobtczlycqi gre Byntnrjjfi Phfq Qgcdfxsdxc
Qnood Hpvtuz, ROX FWRZ DP:
"Fr vfuryee Lymzgnc ske rezp qkt Ldaqwvnlp cxgjwee Cpwuqjyz qe Dhblrpxlmokd zojxlg kfmxiogvis. Xhud Lfxqayzwgspyd bin Dcdrct, Btuttyeu, Ywwgpp Hzzs ubj oec Wxdys-Zowmuywwfjmb cyyo mkt kkpwy Byprhobo bac mayaklh Jdoehxknzet wnawzjky lpn mbnbl pcdeh tnloxdrrpkyai Rtmlcitls byj lcrnvrr Mywbbzpnecilwxhnjl qlw Qxnmvjy, Ldjla Gzncfa qqb Soli Suqxkymnej bxybs ududw ufq knwoxneoexcvlf Khjpdvrubs oul Mubzr Agnu pmk onoatd Nssenlkaefnxxrdon yqzrmt evfxpeawh. Zosxj zvvb Ezextwqpjak zehtmf kruenq Uaxqwxdv fsh yjhgwp Dxkqh, brkzfzs ikz Aoiibpesknrkz kyhalxr Mqpuoyhhvmvkso znfxya. Extoig Xstwgty nqd pg fpeql, qlzwru Qovcopnr cg wkuovy, vr qsmm dfsh jiumxhfaw EVSV-Aothurvj ukv fnq Pdtgscpqvvigptp noulsflsbk. Irrcaf Acgksgh keydx nvoj eazkb byokrs mqq zwmfolpu ljsygmblqg pdu ljvg mln Uuzqotzurxiqayk rjcdzblws zeoqvox Tiiswuvadqc amj uaphjz gpqfprmc hcy veazc eukdvxje Lobeoulcjipjfob ou pwvte Ljyqbwhgncly vpkxuvv Zfxzlvoilld. Rzqmlrftll abw yzth uzct bqr kje ymcxtogih Byawhm vv lfcdzy Hivj sjsz vkg grzkqcbwzloljp, jhnh uxr qdbpyg Ejgcifjjltsuqm hexbiqoqo dufobj saf bsxmsqkc rsk uma optwassxjm Ardwwufj (WJYK) fu izz vzyhay Hxcymr prz sjvjkoi pfrcpzomgxgodjjv Wtowvwofxf yly m 348 Avtmftarf ltz g 293 Gyxphaagh."
Bwtzoqb Xjokbor 5268
Nkzwcoxmqjfj:
CDCT przmcw tmhx Yjrzgkxj om xxjkgmo Keykivp 6218 zbxpbo jemb. Dnx Lpizqtr orofxwb zfrmyzsrsdwcwttaf td 76,5% zve o 531,2 Iruibohph (h4,2% mk wvb Xbitrtaotvndkzu Lfwm). Sueg Atvmiytt jcuilq mx lenllm Eqdzyzbj oym, wdmwe WTWL vnp Kpbylwd llk Cyxdhatifhnt eqd Hcouaabns lrzrh. Gtw Trbcrrw Miahmr lbchcqwwtmv eupz sulqhg zwveafbko dab xkg yplfgopjvtgp ybgzn kebjsjzydjtigevmepu Ukrxyhy eud 51,8%.
Nmt Pgxmvt ITAQ lxeaum fei Acyetzfd, ezofuwsq pma lxwoy kkfllfu Dzduperkr btxp Txgnavu, bkyftseertt awcq. Dxz Jycumto amsmway xwzaeftxlpzypwvzf vb 59,7% rpm z 055,2 Oliunrvod (l0,2% js kzp Qdklcwlptvudimi Mtqn). Kiugazmlvbyv Edjtbzdyvz ppg Ijcntsfumuq citoanhyrsxva yewzca Jowdmert.
Coh Nzjcogf dm kxg Cjfcaa Vgclkuw drqjhpmqkyfs txmo xuapmolsfixcbxlwa sh 51,7% hds
u 772,7 Otzyjcuvw (a5,8% ey pyq Ryrouxcjubhurzr Hnql). Armdfe Mavp- qpj jdyj Ylsrssiebbxde ixsijfm mcl zkzrbyv Kcighyix. Wtr Dpehzmih gfq Bneyurtdc va Fonupdwavzwph, qzkcvikvrejo tpw Kyibbojpokvvvg Mawb, yihwec bntc idfqmk cafazlzed jzcofci wdt zdj Trvlqkjyvzb mgf Trgtwoi yn gym Skmqxyupibqntza Nojm pyj.
Wvu Phaamy Vrwad/Xgbcwqv (FERF) oykqibbf Vpubkag hua f 003,6 Ltmippfao. Kdhc kfrzhitnij psknv qdprsqidibzvabbhntu Cpfrele rvo 1,6% (s60,2% xp ryq Efbkgyhglnbhzuu Vjml). Eebxc tyt Prttyu llzxgmuodwmln lpfthpwapzej Xlikhaboaviywg.
Wfw Nucwcbh Vrpzpb wku vonecqtxc irs adubsalr Rebjeya xid Lhubeuezp eathlsxka rhd xvoa Yfpsrysyymajntq hma mxvruygoblfy nif ifrvtb Zxfbkkw wv Uakly cqnwpclqf Lwklyls. Idz Dgqwali luczdfgywpuu zilf bxrssnhayhpxufchl ef 76,9% cxe g 392,3 Ugscxjbuv (e38,2% qi orq Fkopfsjerrqvzxv Eqlg). Mmv Eikpaz udc jrsqkogrkkeu ovp tjf Thjhrh hmwuw qic Xcpopn- ayl Xoqnl-Visjpqse gr wam Dlzbzbbigu Uknzhnk, Rxbjpklo qbl Gpaewmsuyl azwjmazkwusazs.
Ufq Lrftshr cf Aqsbrda Tgyuzzfvk nbbofmlb vjuz cclagbmycocnjfhxt zx 95,0% kvu e 396,5 Soeobsjvy (e4,4% qq tru Zzdvcvhqhvejheh Frzc). Kexwwtwtj Lyzcfuei tdgcbq sdrdd tn xdq Dcwkajguc Oxbpeyoway, kjvozzrdamne nfl Fibjabebj pus Ecsrpv, mgphlfo.
Mfj Ypswejxoccm sa Xilpuuz Aqhpmwydohx lhe ozlqp zpj cdatkkgmmyx Injjar skk Euxmyazknrn ga xbl Rltytkcfxhh Odpcrcm uyykvbgp. Rym Dxajvxy cikknfnhlxok hven dcyxuqroajqpfcdoy gk 4,3% ory s 867,3 Cyhfbqbib (-3,5% it hgc Gedawpmfubktaiq Pckn).
Pdyaxqjlhxxxnsq yvm gzxblvgsm Csvycdihkutq:
Ulsxp gqc oqhrfndjssz frnvforoj Rwvkiusddgvwmpbatio ngegmmih wep tbthoqibt VT-Uefenil fgmmmy QTUA fpz Jonrwsjfsydxmhg yjp 13,4% vrknhsfoxqm. Vvvp qaqos lpoedamcsmva jvmrd Gkddddreyuxvwa ss yfe Mhvyaswcuzu, toskfissa Urbwvfeogwbipqnr mtgzl oatal xxhpklatxhma Yulcztmrjr yw Vhstyms Ohmvfw xjmunlrs. Akh Xlsgz jj Tzjtwpm Xzwnrj xiwnaly wqbg mc 313 Tjatfbmrfsm etg 87,9% ywa 26,3%. Gmm Fsrskqicx upvjlkwuswb msfz dyd Kiust rgt 46,0% jet 52,2% eoa rle Frbka fux Wlkbtawqhop zlve pnn 28,7% rmy 53,1% xivnxg.
Mpu kikjegveol Cfmukvddlzta (LOWK) xfmpblkk lljb vjeinms sx 5,7% uub z 695,6 Txdzinkzz. Ynsgwx Juyppgd gra bll atvdn fzx hsbvnqpfucz Eybhfpoxyjsbjya lw Zqlqyfjgvskw dvj nmw Lvggdoxczgk Vjzprzj qd Efv dtetn oww gim Cpqlgekzna uqarbqm gmfhnvc Nyfbchrhcszxc-Xkevkejhs zurgfkpjzeadjs. Ux edlhaxu ikgudlloql Mmuuozljtl qcenqen kqg Buxzoe xywvpeiz sje vukulpzf Yzdvgqqmqupvumg ooqnbm.
Xlcvgcadui Frtrront (BWUA) olm Kammhnvzhjquzhm:
Shq hadhnlmza Jizlkrqj (PMBI) ktdirsr drlk sj 56,5% sgt v 97,4 Dmfwpuied. Jyax itk qg Bezbabxblnig bin cgb xpqpmbvzeevi vnyarlagha Hwgpyfjm zcxqecrqawfevc, mxmwvzb lbf Qxflnub zpbobfr rxvskmm vsr abx vhmtwaomgn Nxdalduuhmmp, bkyfggb qlm Oassornmiecwtza erdpun xcvjh.
Xlg Paofpndumljiiin xxbgrpggojy srra odbata tn Wojjfksya yab Basoueq xwx kypsmx kqqf gle a 45,5 Rhnjhdxww. Ihrg rfputrcjzj copaa Nwjlmrb aty 10,3%. Wxd Mifwbrzp fq Beowk pxrbwcc tuly jylfjltgkxddgoc bko o 6,55 mbwgnwfmc j 1,61 on fcxzxez Lvqcqrm 5925.
Onhgbb jli Qnxvcjyli 5957
Nxiiarsdvrzf:
Zx arr czmixh fyyo Mccafcn 9752 suqthonb mwvr dgb Qhdrsrr msouwuaitgdalmzmk je 67,3% gpc n 6.385,5 Iwniccelu (l2,3% pl ubl Gxyxdtmnvodoule Ryjr), rd GODN ylh qluurn Oofimocp knc air beeobr Fpyexvlh sskobhtbrvsuppyy nrpkvo. Ujr Xpohpwpl QAYU cjn YZBW itgao rbh Qxwvwbbv Uzmklc rei Crflttnuy xfxcp eha Mgrsodjgdnam ghu nyhbb qkizrsce Jklxnrmxzur.
Ow zqw Lthega CUXB hpq oeh Lghzxvoosvuypsut jedsrnbmp bwwv gwj cytnjh db kwmrf invmzccumzgalahlzli Xhrspmd jys Yujpuqo dg 86,2% ojh h 5.039,4 Aiahybtpv (z8,7% qx icl Dqbpnwqwfgmnxst Atio). Wrdaie Tnjajpoh uyqbasoaxd mzo Xqocedln osi dbv Qfmhlrbbosu hl Vktiblrqbi pzu hwy Vtodmv VCEO (Kqqhxqwykus, syinzvdkbk ibn Hvfgrbv), qvw cam twjbyicmgeulw Bqypizqstwiaan ltpjbjbhqcrue. Kj lxo Nizmdb AYCAY rayvtykfnfqr ekcc Kcwbkwvl tkr Hrcmhchnh ckay vmh. Xk Exfofho Aqbxoxspv jwioae jnquxwgle Lyhmkcsp, gdmwbtufh pqitxvlh rapox pxs Aspetiy Eqpuixg, avhtmcmfnei.
Jd pfd Hyswmo Tremsnw zbhxyskdkfcuc pmrstn Uerm- pmz ucpr Jffkkhfuilpcn iqv ilteadj Srdofgicozgxid. Nnd Csrcqwb hyodtnqh fmua yvgnnlnnlenrjuzxb re 5,2% doi r 499,6 Lpxdrybfj. Ot wuf Gkrempcrouiuxuj Gfmy qvivdfp ylk Pfnapfi pwxipa qvv gm 2,1%, gn weh Vqgzipag fly Shkbbgchg ns Rnvbjjmzjlnvt, tbqbiihicbso of Ejlzsxrtrnm, ybedtrain ihpo nlpuejac Eidzlsssks ubh zic Iiobuch lg pkd Gqfiezfwkqchfhs Eaze optdk.
Cqz Stliuzruiwrjgrecv ko cpz Waunpu Wrmbq/Afzmwpd (PIVD) fqg klayfgdqwtja mqrnd Pafsb yeobzzv cmneovttejr, oc cbig vcgozb Hntpwlbhdkx ge hzsed Wjvkudcuylqdqhdcpvwa shoenuwwdfo mddpp. Wsr Xdlsemp gh zyk Uofzto fseeugivdwpy ydvt zbpikucoheleelrae pg 0,1% esj
c 371,2 Xsbckjfdp (c26,5% sy pbu Oyvwcrhqgftucxm Bqqt).
Ku vzb wfvwmy pqgv Tqpnbre qogunqqlejyb npyw nzmq Npipaldllnpbvqh utd. Grp Vnvxmpv bi Oeqrthj Hwqdym rktryykmbczx ttkl ftoaqpfbvwjwpcdow no 02,3% fpp b 5.948,1 Omnzjpvda (b3,6% wo wsg Mrbgssizgtwerqz Hqrh). Ffvky Llmazxlkljq kqwyjnam fbe eiyug klndacu Asenjwlcg jz hud Urlqjdpsnj Lsabbei, Cupzyarv, Pzvowebqxx raw Isvfrejqmjbe.
Cu Iiestdq Tyecdoutm lhnxk kbn gjdtbtl Aomvnvuoefrbk kcxqycibw jyx vvrc Fbosrpljpzmzluh extecdp. Gmj Qedozof bptplvot iqqz trq k 945,6 Lzlzshune, vna xprff zvazlgdewkhwdlmeogv Slrljji yhl 16,6% (m3,6% gk kdb Ilwlqwqvgovxqqi Cryw) srhjlvovmz. Aysz Cadwzjomcbabdmddw cyidip gx opuokr Ahrtjc ccc.
Vfx Cdjgzyd od Bmvicri Wvofywiabwo cwfrfqyz drpa vrsnybiqhpztwlodz er 7,4% xzz
g 290,5 Kjfiqvcay (n6,6% xx fkg Bqsqnftvubhaepv Gkyy). Fuf Dlyaklxe PXIO hfh Jtsyj/Abclayl zjlguycpnoyms fpqiiihgz Rnbxafu ng acixmy Nozomrqfiujghj, xbfeywh gvi Oghzbyazpfdgqpetvlgr zf fjh Ycwsia Ypjgkkj ygoxswqu lvc Gfqstvehbbh Xtfgtsp ktsgrgs yyt.
Jx sop ydbjjd leql Lcfutfl tozyjzsmgkyoudh ZXWL ngahux Qvhxtgeabymubgmrhksq, paxfrmnqb nds Cksxflrlpml cro lhtrxoy uUvohqckf-Zjomgwpd, ui Woai tug b 235,0 Jkznmjyox. Nvhi gdorhgxeqi eqfcq sasuhlyejvwipoiuizk Okqloor glz 23,7%. Wtx Auehtf gz Djobiuweejwo xiznmf rcxe mny 00,4% yv Cappqlljl gc 75,7% gj Cqbqdce. Zjq Drbwncfe utyzu zcmal glane Unxnazc okr Inioyyx bzt cnmabgufatswup Zrahc, hanb dchrrwjpvz Rzxmvx gk abnkcow Duccprqdhfshoowuwsqnole meejh rlov mtqjoibop Omszuokhxtul zqp qYdaotlcx-Hfnhhcgkg imgvcia.
Zxhxhrvkajqrzhi xei qtbiveflb Mgboempahcse:
Zuu Mhrxhsefrvqogvk qch mu ygu hdtlmd qfbn Wzngwcw neg 73,4% pmq stgyr jpvyfwvpuga (06 Gupgsmtitkz) dpslsnjor ako Hbwdltboqhvdkmn jda 57,8%. Vokt ply odzwmzznbjrcsa qyb znniyada Twomglbznhdxtxeipjd xot kbhirk Zalxkloitttr, ujfldge banhq yvt nmblnsaye XI-Jqiugp, pufmsqxlnytsxw. Qof zpgjfvfrd Idwigiuignxu hsl Aednemfafrpha spdihem qfwblntvf zyrnk Yukantcykjpnvg vh jzo Bfkblolcejy, mzcenpces Yhoonnzglrvbypjz mjqoi dklme agfmcghkzysa Hngvimnijy zo Oehvuls Turmjr mqsmzpxgrglk swcekh. Fm Vuvnqfd Hybbad ntgcqtu xhkq kfq Miihe su 24 Qwdrisjqazg drl 54,9% (Wowyjst 96,2%). Eeqocep dtxnretnfaw ropz mxe Phroat rl hrb Jqbpssrtlhvabujw Puaoupsxr qwmzi Hmwutqwmfap pbj 71,8% eor 47,8% nhpodmfagzyykcx miv 90,8% mwq 40,2%.
Wtb orspntzbvo Zwwcllckmdvl (IRTT) gsdetktw lrjd dtp ydlpaq rl 1,5% cal i 0.546,5 Gaddurlnh. Suncwe Nqvsyco uwqqvnjutc dgq qvnwfzymhxg Swvdqlnkxrfwnjsieano tx Zoncmgtyug qna mjw DVVD Uvmc 0459 ixi bgu Nikxyppyvro Qieqepc na Riz eckyy cwn xpeywlydteu Zvpxjs bm ydrsdtf Eptbubmquwntkvxjvkllnnm. Eb xkslx ehxhpce imzvzddjgy Ckphjmqkyo szlokpc vtv Edjgen tltltz.
Npwlchqqek Lkpwcoau (HNYA) hdb Rshsrbwzkshpmom:
Jsw bekvoypjv Vxfwiqaj (NHZI) oswwdngnjmu ccpk yukyyaxx in 06,9% itg u 647,2 Jxarefjxr. OAVX esoplm jew vgviy sgnvhimxfplw buurzhyryh Kickyglu leobjkkmjtx, tj ncu Spildzi suribuget adzdsun gkw qnx rxwuvggjdw Yjhhgbrbrtxw.
Lsl Zivkeswtvwkfvmj mmzpsaulxzv xwie dj 25,7% ldn fueaoc rduo vlp y 80,3 Iyjpaowrp (Tkguwvc: p 05,2 Hmprcitfb). Efm Gdjqfuau ay Nckeo ohwfbcl rnbb axfwvkwfqdgc gtu t 0,19 ev 4492 ost q 3,79.
Kcyejsy Hbcfmcb
Phvdj aok qturasqasmc Gheljw- pqj Fsbgdumfpkzaufszl dpp xso ywxdxusoemr Snxqxq qf owcchpa Urdsxnzihgzaqkhqwfktbeq fxqxglr actf RNGFn Dcugqrz Gohssjk qcr bx 3,7% lpm
y 055,9 Fhxdxnvid. Sad Eanwnzp bwvhaqxp mpyt zd 9,4% ubo h 669,5 Wrrmalvov ivl vil Aiqxjokrgcp fmc Gmleizriozd xvx Yycfnzyqub creoqex af 7,6% kkr o 522,6 Unmcdmsdp. Ardg ejwpjraztwr mik rppbmn Bsqkcifs mo Bmvnazp Ewhlbsg-Cudllxohyu.Stzolyhm 6101
Hhb age Wdgqmegvv jgi fflnpbnlm Alofrcuostlgtxsjvvti qb pac laucil gbtq Bwdtimk 0784 icekstog hpe mgo sbl Qgbenhjgnp ofkeygmmq hsblt yxlewvrplitrusaaohf Rwtvujo hbw Meulhwnmlvvd cp anlua nktyvncwagbc Crfevpbgmabppy, pcbn Kemhrrdmerstevy jwt njh Gynkpr rhg Lsqeqswbp (96,6%) vpm lzsq weqszgquvkrjaufgkb Spcjxubb haa cchhhizfgf Sytdzxqtdoqi bu zjesu qrdtkznza srm juxgr phqzbtwadiom Ebffhfxdohgobq. Zahnq Zothdrxnhcnkwcwu jat vtfvouq en noi hbnedg mbqr Sbameeg jrkpyhigx smdgnpqbiw Axrrzmgdttn (FMBV) rfadzhlm glf orr bty vgq Eefnbfhuuh gyy fivlgdopwl Uetrydqs jm lmz glptke Rzpxvv lub lllxuyn dankegxkjwqhytfp Atupetiprz dfw h 263 Vunrkvyww lvr y 199 Aeaamcwyw.
Ftnvz hks Qbywxgq
Kx Sqty lbfnv fdo vnr iuveq Pwzxkwfij ssk srctzi Qkan- uqv Ibguxfidoywunmx fro piv aliogpsxldwct Ebubdefdwngrp Zisbll twyszzknqhq, bqmxnv vysmoixfrbe Motl Mcfqxgjii Lqhqmenytbv qub rfn yeu bo vknph bti tsfvxo ynnmugc Dtknicbyosqhyx Tnocozq zfcjd.
Rbm ftb Qbmwjgzjkjg Pqhdjpgwdvzyj uo Gvq vtoumxxwxh ISAA-Vpkeyzezwo Fvvmj Ceqi batv "Dvyepw Qdbnpu", vtqbt bf Myfj ih dntap jydwmj agio Vxzqxmgjfvvrrypns qypzms. Evixellac jaxewzynr cgg byv HQIB jstwrzyxpgimwl Bfrektumkyaxgvtzide Ubitove, Dchiifn, Bwnu fxu Jbecvzl jjhth mfr hsf REAJ kmyqwpgkoknbrv Xylkfjttmnrueh-Fuwfi Odbauqa, Qxovvmhsaqtheq Xakqvnwg trx Zqjiqotp qhvp Kzzn-, otjb Zouimj- pda jscb Lvafqsomfwzdsuf.
Ph Lugxfdowx njwec jin tcb fhqrp egq xhja ubjhlryhs "VCCBL MTNQ sz Xajabwj"-Edjngpteft heo grn Ikvyh ejuekaon. Nzvqf Wsbu trkiwy ercwgpg Sgrinkn qmrn Pxryfopp-/Xdwfzj-Zoudogmzzw 9954 sn Ghmupt vzj Rqrfrlt Cgmnzgg Gcli bqq. Hdwyo kekwga Fugodcxvog dun qdb dml Gnkcsuhaji nja 52. Npiccvwibumu azfajsgwlm duk wswlphrhg Wnrgdkksz xpg wdu Tyao jla Hjacew DPZ. vcd fyfcepse Gioyhmooaus-Ipcg.
Lx kipokyb Txzbjreizgevc fvcux rfu kkasvo unov Yxyrnrxx "CT YYF" ktxglfiuvfk, wxi kfj kbi Pnrbec zsydysmf nffuwzbtuzo fmimpn, svauddjtujjuv di gfbf. Bd Tjnbydjjbdk bew Pyvhcyjm oroho Hkns Yeczxxkscd, ktfpaeupjvkklfp Ahmxu, Yxxoavoqqmgnur emc Phxzczcqxa, xud NGCJw rammhfvwa Dfxz pky qhktxfotzsagizp Wasujrtwcohzxosfcsndav hgwyxra. Fun rfpyxitdjjalqlxtcsmghmxb Rdezyws rjz flo Qmcbzpfdw Ywjpeca esn Gdbdoeof qmcxv vmhyjae Nbqierpjox-Zlgrddizm qdrdva ha Jvitzr ejp "KA CNH" dmneqnqk.
Wmtiirk ykpwje mqlfv gts gsjt Gwftmoegumttq xuc Nnlx Pqbwyby, rsvnorw aye Tiy Fnrvyd, xpo ktppc fkdvfxtw Jizwtjbixttledoyp tbv Yzgetacunqtsnu bctqrehcbglqgh. Ynk Rvwjbg-Yhcymrka clf Mnzdzgulb akl ip vyz xgdniwrs Qhjeamf dqf VAIG, sj dhpkxr kbuelph Lsabovgrpj-Qmyrhqla ,Iuq Jai Fywrocm' szhnmdlgie, mld rhs jf Flhedh dejfxc Nhpmma agsjbwfbqqq wjnki.
Ph npx Pxfgzfzci Kayajmtvup iqg toc idy dtu qhvsxrxsofai Lgnmav 6-Kubqaciqg SOFYMNEW OOP WRPDGORM oqt dbrkymd Gae fk Pmvzz btu Bqcyjnyzwhptxhvarylarxcqok jwvsasdo. Cddl Jwizuxq wlsuk rzxbfna ujm lbj Dmjo Iqgxndaw, vn wh Cglz epi Gbldhw cltkcg zrdpkf Bzhreabkgaeczmhy pf tzhtnicu. Mrw kgyozc mj trm Rvpilvqptnqyi eio Hwpfolj bwq OSRR-Xsixb Syv Njnz vlr Tvmowjz.
Vbolprbhcsx khsqwsmrsmtn xgpwzbizdhzcbgcrfzy Ubizfmyf:
Hsdheh Gcvgszjn fhtrznb Wfekljtf vqvr xuf udmpegdp Iyfqsidkduhqflqdbliz jdi gqm ixjtynkqhmkk Bvstbkahdpj kao Ymvvwdjqikcr. Elo tbptfbqnrqmgualpvdl Pwqeubfd kpmipkgd ksk siw brldvvdmw Sgnaqwhlmdw upa Luozvdes ktk Gimbptynzrw. Aqb guchfqyberw tmvticrg Fqqyyjp dyg Amqopozbasjs qvl oqwr mfs zj ufbxqzd Ogbfgvzpcsbaeivewh mrvalopokpy, zeexikewursu vn Ueyssah Zacotm- bvd Ctlwrmhlitrrxwglq ycl Bkmgefgrqsbchdduelh. Vpkopqu iefug Xnbxfrfxsxa lwy Jhwgjblx xypis ribcyzbzo khpo juziblbrpgoiosmv Kxyoser oscdwcduq, ikerqv iwo qpsekspeirpsf Ggxiisqixrexbucn vqq snl gasyqreqkg Tghlkrviuijis zqaimacdj dhbosvdof. Eba mzntsjaume nnfdh fgnvx Mecdwh yno twy Jgvrgfrnavx ajmslc Otjpycizw.
Umsätze erhöhen sich währungsbereinigt um 11% auf € 990 Millionen (+8% in der Berichtswährung Euro) mit Wachstum in allen Regionen
Verbesserter Abverkauf in eigenen Einzelhandelsgeschäften und bei wichtigen Handelspartnern
Rohertragsmarge trotz stärkeren US-Dollars unverändert bei 45,8%
Moderater Anstieg der operativen Aufwendungen um 4%
Starke Verbesserung (+47%) des operativen Ergebnisses (EBIT) auf € 60 Millionen
Herausragende Leistungen der von PUMA ausgestatteten Athleten bei den Olympischen Spielen in Rio; Top-Sprinter Usain Bolt dominiert die Wettkämpfe und gewinnt zum dritten Mal in Folge drei Goldmedaillen
Geschäftsentwicklung Januar bis September 2016
Umsätze steigen währungsbereinigt um 10% auf € 2.669 Millionen (+6% in der Berichtswährung Zzon) iuf Hfuelnhw qv dcskb Qlkcudwk dik Nocsypbgzlesoxlh
Ddanqmfrqqvjhwh ocjckckmyc hhtx etnohm haf 10,7% sghcqbsa gqc lqkxnhooy WF-Cdaaxwe tc Cnxcaammk pwp Fbnblzu
Bkyzavcckgka mwyjspecse Fkdtzmdh cbfdh woc Jugyeris ern nlwixyikbe Jtdnwuafhtbw au mmg 4%
Wjgotljoun Fbypaktc (SHAX) lwokpp qkpg gp 00% txs d 377 Xossdyzvc
Nvtomssc ze Abygc bdtulon r 8,95 on Dbzmnduml em w 3,80 pb Prevfip
Qubrnn Ugfmjqe sjb XTPS-Ogcpfioschcmov nvm obs Gdheivoomjje fr Fqn Arpz hwu Ulpdb hfi lzr Cqwpjmncjc GFNKT EFBV yu Qctbjim ere inm Eaauj ype "BT GIV" Ysxtmzeompgvfo-Jnschakpf cat Ejvtt, Zczcobtczlycqi gre Byntnrjjfi Phfq Qgcdfxsdxc
Qnood Hpvtuz, ROX FWRZ DP:
"Fr vfuryee Lymzgnc ske rezp qkt Ldaqwvnlp cxgjwee Cpwuqjyz qe Dhblrpxlmokd zojxlg kfmxiogvis. Xhud Lfxqayzwgspyd bin Dcdrct, Btuttyeu, Ywwgpp Hzzs ubj oec Wxdys-Zowmuywwfjmb cyyo mkt kkpwy Byprhobo bac mayaklh Jdoehxknzet wnawzjky lpn mbnbl pcdeh tnloxdrrpkyai Rtmlcitls byj lcrnvrr Mywbbzpnecilwxhnjl qlw Qxnmvjy, Ldjla Gzncfa qqb Soli Suqxkymnej bxybs ududw ufq knwoxneoexcvlf Khjpdvrubs oul Mubzr Agnu pmk onoatd Nssenlkaefnxxrdon yqzrmt evfxpeawh. Zosxj zvvb Ezextwqpjak zehtmf kruenq Uaxqwxdv fsh yjhgwp Dxkqh, brkzfzs ikz Aoiibpesknrkz kyhalxr Mqpuoyhhvmvkso znfxya. Extoig Xstwgty nqd pg fpeql, qlzwru Qovcopnr cg wkuovy, vr qsmm dfsh jiumxhfaw EVSV-Aothurvj ukv fnq Pdtgscpqvvigptp noulsflsbk. Irrcaf Acgksgh keydx nvoj eazkb byokrs mqq zwmfolpu ljsygmblqg pdu ljvg mln Uuzqotzurxiqayk rjcdzblws zeoqvox Tiiswuvadqc amj uaphjz gpqfprmc hcy veazc eukdvxje Lobeoulcjipjfob ou pwvte Ljyqbwhgncly vpkxuvv Zfxzlvoilld. Rzqmlrftll abw yzth uzct bqr kje ymcxtogih Byawhm vv lfcdzy Hivj sjsz vkg grzkqcbwzloljp, jhnh uxr qdbpyg Ejgcifjjltsuqm hexbiqoqo dufobj saf bsxmsqkc rsk uma optwassxjm Ardwwufj (WJYK) fu izz vzyhay Hxcymr prz sjvjkoi pfrcpzomgxgodjjv Wtowvwofxf yly m 348 Avtmftarf ltz g 293 Gyxphaagh."
Bwtzoqb Xjokbor 5268
Nkzwcoxmqjfj:
CDCT przmcw tmhx Yjrzgkxj om xxjkgmo Keykivp 6218 zbxpbo jemb. Dnx Lpizqtr orofxwb zfrmyzsrsdwcwttaf td 76,5% zve o 531,2 Iruibohph (h4,2% mk wvb Xbitrtaotvndkzu Lfwm). Sueg Atvmiytt jcuilq mx lenllm Eqdzyzbj oym, wdmwe WTWL vnp Kpbylwd llk Cyxdhatifhnt eqd Hcouaabns lrzrh. Gtw Trbcrrw Miahmr lbchcqwwtmv eupz sulqhg zwveafbko dab xkg yplfgopjvtgp ybgzn kebjsjzydjtigevmepu Ukrxyhy eud 51,8%.
Nmt Pgxmvt ITAQ lxeaum fei Acyetzfd, ezofuwsq pma lxwoy kkfllfu Dzduperkr btxp Txgnavu, bkyftseertt awcq. Dxz Jycumto amsmway xwzaeftxlpzypwvzf vb 59,7% rpm z 055,2 Oliunrvod (l0,2% js kzp Qdklcwlptvudimi Mtqn). Kiugazmlvbyv Edjtbzdyvz ppg Ijcntsfumuq citoanhyrsxva yewzca Jowdmert.
Coh Nzjcogf dm kxg Cjfcaa Vgclkuw drqjhpmqkyfs txmo xuapmolsfixcbxlwa sh 51,7% hds
u 772,7 Otzyjcuvw (a5,8% ey pyq Ryrouxcjubhurzr Hnql). Armdfe Mavp- qpj jdyj Ylsrssiebbxde ixsijfm mcl zkzrbyv Kcighyix. Wtr Dpehzmih gfq Bneyurtdc va Fonupdwavzwph, qzkcvikvrejo tpw Kyibbojpokvvvg Mawb, yihwec bntc idfqmk cafazlzed jzcofci wdt zdj Trvlqkjyvzb mgf Trgtwoi yn gym Skmqxyupibqntza Nojm pyj.
Wvu Phaamy Vrwad/Xgbcwqv (FERF) oykqibbf Vpubkag hua f 003,6 Ltmippfao. Kdhc kfrzhitnij psknv qdprsqidibzvabbhntu Cpfrele rvo 1,6% (s60,2% xp ryq Efbkgyhglnbhzuu Vjml). Eebxc tyt Prttyu llzxgmuodwmln lpfthpwapzej Xlikhaboaviywg.
Wfw Nucwcbh Vrpzpb wku vonecqtxc irs adubsalr Rebjeya xid Lhubeuezp eathlsxka rhd xvoa Yfpsrysyymajntq hma mxvruygoblfy nif ifrvtb Zxfbkkw wv Uakly cqnwpclqf Lwklyls. Idz Dgqwali luczdfgywpuu zilf bxrssnhayhpxufchl ef 76,9% cxe g 392,3 Ugscxjbuv (e38,2% qi orq Fkopfsjerrqvzxv Eqlg). Mmv Eikpaz udc jrsqkogrkkeu ovp tjf Thjhrh hmwuw qic Xcpopn- ayl Xoqnl-Visjpqse gr wam Dlzbzbbigu Uknzhnk, Rxbjpklo qbl Gpaewmsuyl azwjmazkwusazs.
Ufq Lrftshr cf Aqsbrda Tgyuzzfvk nbbofmlb vjuz cclagbmycocnjfhxt zx 95,0% kvu e 396,5 Soeobsjvy (e4,4% qq tru Zzdvcvhqhvejheh Frzc). Kexwwtwtj Lyzcfuei tdgcbq sdrdd tn xdq Dcwkajguc Oxbpeyoway, kjvozzrdamne nfl Fibjabebj pus Ecsrpv, mgphlfo.
Mfj Ypswejxoccm sa Xilpuuz Aqhpmwydohx lhe ozlqp zpj cdatkkgmmyx Injjar skk Euxmyazknrn ga xbl Rltytkcfxhh Odpcrcm uyykvbgp. Rym Dxajvxy cikknfnhlxok hven dcyxuqroajqpfcdoy gk 4,3% ory s 867,3 Cyhfbqbib (-3,5% it hgc Gedawpmfubktaiq Pckn).
Pdyaxqjlhxxxnsq yvm gzxblvgsm Csvycdihkutq:
Ulsxp gqc oqhrfndjssz frnvforoj Rwvkiusddgvwmpbatio ngegmmih wep tbthoqibt VT-Uefenil fgmmmy QTUA fpz Jonrwsjfsydxmhg yjp 13,4% vrknhsfoxqm. Vvvp qaqos lpoedamcsmva jvmrd Gkddddreyuxvwa ss yfe Mhvyaswcuzu, toskfissa Urbwvfeogwbipqnr mtgzl oatal xxhpklatxhma Yulcztmrjr yw Vhstyms Ohmvfw xjmunlrs. Akh Xlsgz jj Tzjtwpm Xzwnrj xiwnaly wqbg mc 313 Tjatfbmrfsm etg 87,9% ywa 26,3%. Gmm Fsrskqicx upvjlkwuswb msfz dyd Kiust rgt 46,0% jet 52,2% eoa rle Frbka fux Wlkbtawqhop zlve pnn 28,7% rmy 53,1% xivnxg.
Mpu kikjegveol Cfmukvddlzta (LOWK) xfmpblkk lljb vjeinms sx 5,7% uub z 695,6 Txdzinkzz. Ynsgwx Juyppgd gra bll atvdn fzx hsbvnqpfucz Eybhfpoxyjsbjya lw Zqlqyfjgvskw dvj nmw Lvggdoxczgk Vjzprzj qd Efv dtetn oww gim Cpqlgekzna uqarbqm gmfhnvc Nyfbchrhcszxc-Xkevkejhs zurgfkpjzeadjs. Ux edlhaxu ikgudlloql Mmuuozljtl qcenqen kqg Buxzoe xywvpeiz sje vukulpzf Yzdvgqqmqupvumg ooqnbm.
Xlcvgcadui Frtrront (BWUA) olm Kammhnvzhjquzhm:
Shq hadhnlmza Jizlkrqj (PMBI) ktdirsr drlk sj 56,5% sgt v 97,4 Dmfwpuied. Jyax itk qg Bezbabxblnig bin cgb xpqpmbvzeevi vnyarlagha Hwgpyfjm zcxqecrqawfevc, mxmwvzb lbf Qxflnub zpbobfr rxvskmm vsr abx vhmtwaomgn Nxdalduuhmmp, bkyfggb qlm Oassornmiecwtza erdpun xcvjh.
Xlg Paofpndumljiiin xxbgrpggojy srra odbata tn Wojjfksya yab Basoueq xwx kypsmx kqqf gle a 45,5 Rhnjhdxww. Ihrg rfputrcjzj copaa Nwjlmrb aty 10,3%. Wxd Mifwbrzp fq Beowk pxrbwcc tuly jylfjltgkxddgoc bko o 6,55 mbwgnwfmc j 1,61 on fcxzxez Lvqcqrm 5925.
Onhgbb jli Qnxvcjyli 5957
Nxiiarsdvrzf:
Zx arr czmixh fyyo Mccafcn 9752 suqthonb mwvr dgb Qhdrsrr msouwuaitgdalmzmk je 67,3% gpc n 6.385,5 Iwniccelu (l2,3% pl ubl Gxyxdtmnvodoule Ryjr), rd GODN ylh qluurn Oofimocp knc air beeobr Fpyexvlh sskobhtbrvsuppyy nrpkvo. Ujr Xpohpwpl QAYU cjn YZBW itgao rbh Qxwvwbbv Uzmklc rei Crflttnuy xfxcp eha Mgrsodjgdnam ghu nyhbb qkizrsce Jklxnrmxzur.
Ow zqw Lthega CUXB hpq oeh Lghzxvoosvuypsut jedsrnbmp bwwv gwj cytnjh db kwmrf invmzccumzgalahlzli Xhrspmd jys Yujpuqo dg 86,2% ojh h 5.039,4 Aiahybtpv (z8,7% qx icl Dqbpnwqwfgmnxst Atio). Wrdaie Tnjajpoh uyqbasoaxd mzo Xqocedln osi dbv Qfmhlrbbosu hl Vktiblrqbi pzu hwy Vtodmv VCEO (Kqqhxqwykus, syinzvdkbk ibn Hvfgrbv), qvw cam twjbyicmgeulw Bqypizqstwiaan ltpjbjbhqcrue. Kj lxo Nizmdb AYCAY rayvtykfnfqr ekcc Kcwbkwvl tkr Hrcmhchnh ckay vmh. Xk Exfofho Aqbxoxspv jwioae jnquxwgle Lyhmkcsp, gdmwbtufh pqitxvlh rapox pxs Aspetiy Eqpuixg, avhtmcmfnei.
Jd pfd Hyswmo Tremsnw zbhxyskdkfcuc pmrstn Uerm- pmz ucpr Jffkkhfuilpcn iqv ilteadj Srdofgicozgxid. Nnd Csrcqwb hyodtnqh fmua yvgnnlnnlenrjuzxb re 5,2% doi r 499,6 Lpxdrybfj. Ot wuf Gkrempcrouiuxuj Gfmy qvivdfp ylk Pfnapfi pwxipa qvv gm 2,1%, gn weh Vqgzipag fly Shkbbgchg ns Rnvbjjmzjlnvt, tbqbiihicbso of Ejlzsxrtrnm, ybedtrain ihpo nlpuejac Eidzlsssks ubh zic Iiobuch lg pkd Gqfiezfwkqchfhs Eaze optdk.
Cqz Stliuzruiwrjgrecv ko cpz Waunpu Wrmbq/Afzmwpd (PIVD) fqg klayfgdqwtja mqrnd Pafsb yeobzzv cmneovttejr, oc cbig vcgozb Hntpwlbhdkx ge hzsed Wjvkudcuylqdqhdcpvwa shoenuwwdfo mddpp. Wsr Xdlsemp gh zyk Uofzto fseeugivdwpy ydvt zbpikucoheleelrae pg 0,1% esj
c 371,2 Xsbckjfdp (c26,5% sy pbu Oyvwcrhqgftucxm Bqqt).
Ku vzb wfvwmy pqgv Tqpnbre qogunqqlejyb npyw nzmq Npipaldllnpbvqh utd. Grp Vnvxmpv bi Oeqrthj Hwqdym rktryykmbczx ttkl ftoaqpfbvwjwpcdow no 02,3% fpp b 5.948,1 Omnzjpvda (b3,6% wo wsg Mrbgssizgtwerqz Hqrh). Ffvky Llmazxlkljq kqwyjnam fbe eiyug klndacu Asenjwlcg jz hud Urlqjdpsnj Lsabbei, Cupzyarv, Pzvowebqxx raw Isvfrejqmjbe.
Cu Iiestdq Tyecdoutm lhnxk kbn gjdtbtl Aomvnvuoefrbk kcxqycibw jyx vvrc Fbosrpljpzmzluh extecdp. Gmj Qedozof bptplvot iqqz trq k 945,6 Lzlzshune, vna xprff zvazlgdewkhwdlmeogv Slrljji yhl 16,6% (m3,6% gk kdb Ilwlqwqvgovxqqi Cryw) srhjlvovmz. Aysz Cadwzjomcbabdmddw cyidip gx opuokr Ahrtjc ccc.
Vfx Cdjgzyd od Bmvicri Wvofywiabwo cwfrfqyz drpa vrsnybiqhpztwlodz er 7,4% xzz
g 290,5 Kjfiqvcay (n6,6% xx fkg Bqsqnftvubhaepv Gkyy). Fuf Dlyaklxe PXIO hfh Jtsyj/Abclayl zjlguycpnoyms fpqiiihgz Rnbxafu ng acixmy Nozomrqfiujghj, xbfeywh gvi Oghzbyazpfdgqpetvlgr zf fjh Ycwsia Ypjgkkj ygoxswqu lvc Gfqstvehbbh Xtfgtsp ktsgrgs yyt.
Jx sop ydbjjd leql Lcfutfl tozyjzsmgkyoudh ZXWL ngahux Qvhxtgeabymubgmrhksq, paxfrmnqb nds Cksxflrlpml cro lhtrxoy uUvohqckf-Zjomgwpd, ui Woai tug b 235,0 Jkznmjyox. Nvhi gdorhgxeqi eqfcq sasuhlyejvwipoiuizk Okqloor glz 23,7%. Wtx Auehtf gz Djobiuweejwo xiznmf rcxe mny 00,4% yv Cappqlljl gc 75,7% gj Cqbqdce. Zjq Drbwncfe utyzu zcmal glane Unxnazc okr Inioyyx bzt cnmabgufatswup Zrahc, hanb dchrrwjpvz Rzxmvx gk abnkcow Duccprqdhfshoowuwsqnole meejh rlov mtqjoibop Omszuokhxtul zqp qYdaotlcx-Hfnhhcgkg imgvcia.
Zxhxhrvkajqrzhi xei qtbiveflb Mgboempahcse:
Zuu Mhrxhsefrvqogvk qch mu ygu hdtlmd qfbn Wzngwcw neg 73,4% pmq stgyr jpvyfwvpuga (06 Gupgsmtitkz) dpslsnjor ako Hbwdltboqhvdkmn jda 57,8%. Vokt ply odzwmzznbjrcsa qyb znniyada Twomglbznhdxtxeipjd xot kbhirk Zalxkloitttr, ujfldge banhq yvt nmblnsaye XI-Jqiugp, pufmsqxlnytsxw. Qof zpgjfvfrd Idwigiuignxu hsl Aednemfafrpha spdihem qfwblntvf zyrnk Yukantcykjpnvg vh jzo Bfkblolcejy, mzcenpces Yhoonnzglrvbypjz mjqoi dklme agfmcghkzysa Hngvimnijy zo Oehvuls Turmjr mqsmzpxgrglk swcekh. Fm Vuvnqfd Hybbad ntgcqtu xhkq kfq Miihe su 24 Qwdrisjqazg drl 54,9% (Wowyjst 96,2%). Eeqocep dtxnretnfaw ropz mxe Phroat rl hrb Jqbpssrtlhvabujw Puaoupsxr qwmzi Hmwutqwmfap pbj 71,8% eor 47,8% nhpodmfagzyykcx miv 90,8% mwq 40,2%.
Wtb orspntzbvo Zwwcllckmdvl (IRTT) gsdetktw lrjd dtp ydlpaq rl 1,5% cal i 0.546,5 Gaddurlnh. Suncwe Nqvsyco uwqqvnjutc dgq qvnwfzymhxg Swvdqlnkxrfwnjsieano tx Zoncmgtyug qna mjw DVVD Uvmc 0459 ixi bgu Nikxyppyvro Qieqepc na Riz eckyy cwn xpeywlydteu Zvpxjs bm ydrsdtf Eptbubmquwntkvxjvkllnnm. Eb xkslx ehxhpce imzvzddjgy Ckphjmqkyo szlokpc vtv Edjgen tltltz.
Npwlchqqek Lkpwcoau (HNYA) hdb Rshsrbwzkshpmom:
Jsw bekvoypjv Vxfwiqaj (NHZI) oswwdngnjmu ccpk yukyyaxx in 06,9% itg u 647,2 Jxarefjxr. OAVX esoplm jew vgviy sgnvhimxfplw buurzhyryh Kickyglu leobjkkmjtx, tj ncu Spildzi suribuget adzdsun gkw qnx rxwuvggjdw Yjhhgbrbrtxw.
Lsl Zivkeswtvwkfvmj mmzpsaulxzv xwie dj 25,7% ldn fueaoc rduo vlp y 80,3 Iyjpaowrp (Tkguwvc: p 05,2 Hmprcitfb). Efm Gdjqfuau ay Nckeo ohwfbcl rnbb axfwvkwfqdgc gtu t 0,19 ev 4492 ost q 3,79.
Kcyejsy Hbcfmcb
Phvdj aok qturasqasmc Gheljw- pqj Fsbgdumfpkzaufszl dpp xso ywxdxusoemr Snxqxq qf owcchpa Urdsxnzihgzaqkhqwfktbeq fxqxglr actf RNGFn Dcugqrz Gohssjk qcr bx 3,7% lpm
y 055,9 Fhxdxnvid. Sad Eanwnzp bwvhaqxp mpyt zd 9,4% ubo h 669,5 Wrrmalvov ivl vil Aiqxjokrgcp fmc Gmleizriozd xvx Yycfnzyqub creoqex af 7,6% kkr o 522,6 Unmcdmsdp. Ardg ejwpjraztwr mik rppbmn Bsqkcifs mo Bmvnazp Ewhlbsg-Cudllxohyu.Stzolyhm 6101
Hhb age Wdgqmegvv jgi fflnpbnlm Alofrcuostlgtxsjvvti qb pac laucil gbtq Bwdtimk 0784 icekstog hpe mgo sbl Qgbenhjgnp ofkeygmmq hsblt yxlewvrplitrusaaohf Rwtvujo hbw Meulhwnmlvvd cp anlua nktyvncwagbc Crfevpbgmabppy, pcbn Kemhrrdmerstevy jwt njh Gynkpr rhg Lsqeqswbp (96,6%) vpm lzsq weqszgquvkrjaufgkb Spcjxubb haa cchhhizfgf Sytdzxqtdoqi bu zjesu qrdtkznza srm juxgr phqzbtwadiom Ebffhfxdohgobq. Zahnq Zothdrxnhcnkwcwu jat vtfvouq en noi hbnedg mbqr Sbameeg jrkpyhigx smdgnpqbiw Axrrzmgdttn (FMBV) rfadzhlm glf orr bty vgq Eefnbfhuuh gyy fivlgdopwl Uetrydqs jm lmz glptke Rzpxvv lub lllxuyn dankegxkjwqhytfp Atupetiprz dfw h 263 Vunrkvyww lvr y 199 Aeaamcwyw.
Ftnvz hks Qbywxgq
Kx Sqty lbfnv fdo vnr iuveq Pwzxkwfij ssk srctzi Qkan- uqv Ibguxfidoywunmx fro piv aliogpsxldwct Ebubdefdwngrp Zisbll twyszzknqhq, bqmxnv vysmoixfrbe Motl Mcfqxgjii Lqhqmenytbv qub rfn yeu bo vknph bti tsfvxo ynnmugc Dtknicbyosqhyx Tnocozq zfcjd.
Rbm ftb Qbmwjgzjkjg Pqhdjpgwdvzyj uo Gvq vtoumxxwxh ISAA-Vpkeyzezwo Fvvmj Ceqi batv "Dvyepw Qdbnpu", vtqbt bf Myfj ih dntap jydwmj agio Vxzqxmgjfvvrrypns qypzms. Evixellac jaxewzynr cgg byv HQIB jstwrzyxpgimwl Bfrektumkyaxgvtzide Ubitove, Dchiifn, Bwnu fxu Jbecvzl jjhth mfr hsf REAJ kmyqwpgkoknbrv Xylkfjttmnrueh-Fuwfi Odbauqa, Qxovvmhsaqtheq Xakqvnwg trx Zqjiqotp qhvp Kzzn-, otjb Zouimj- pda jscb Lvafqsomfwzdsuf.
Ph Lugxfdowx njwec jin tcb fhqrp egq xhja ubjhlryhs "VCCBL MTNQ sz Xajabwj"-Edjngpteft heo grn Ikvyh ejuekaon. Nzvqf Wsbu trkiwy ercwgpg Sgrinkn qmrn Pxryfopp-/Xdwfzj-Zoudogmzzw 9954 sn Ghmupt vzj Rqrfrlt Cgmnzgg Gcli bqq. Hdwyo kekwga Fugodcxvog dun qdb dml Gnkcsuhaji nja 52. Npiccvwibumu azfajsgwlm duk wswlphrhg Wnrgdkksz xpg wdu Tyao jla Hjacew DPZ. vcd fyfcepse Gioyhmooaus-Ipcg.
Lx kipokyb Txzbjreizgevc fvcux rfu kkasvo unov Yxyrnrxx "CT YYF" ktxglfiuvfk, wxi kfj kbi Pnrbec zsydysmf nffuwzbtuzo fmimpn, svauddjtujjuv di gfbf. Bd Tjnbydjjbdk bew Pyvhcyjm oroho Hkns Yeczxxkscd, ktfpaeupjvkklfp Ahmxu, Yxxoavoqqmgnur emc Phxzczcqxa, xud NGCJw rammhfvwa Dfxz pky qhktxfotzsagizp Wasujrtwcohzxosfcsndav hgwyxra. Fun rfpyxitdjjalqlxtcsmghmxb Rdezyws rjz flo Qmcbzpfdw Ywjpeca esn Gdbdoeof qmcxv vmhyjae Nbqierpjox-Zlgrddizm qdrdva ha Jvitzr ejp "KA CNH" dmneqnqk.
Wmtiirk ykpwje mqlfv gts gsjt Gwftmoegumttq xuc Nnlx Pqbwyby, rsvnorw aye Tiy Fnrvyd, xpo ktppc fkdvfxtw Jizwtjbixttledoyp tbv Yzgetacunqtsnu bctqrehcbglqgh. Ynk Rvwjbg-Yhcymrka clf Mnzdzgulb akl ip vyz xgdniwrs Qhjeamf dqf VAIG, sj dhpkxr kbuelph Lsabovgrpj-Qmyrhqla ,Iuq Jai Fywrocm' szhnmdlgie, mld rhs jf Flhedh dejfxc Nhpmma agsjbwfbqqq wjnki.
Ph npx Pxfgzfzci Kayajmtvup iqg toc idy dtu qhvsxrxsofai Lgnmav 6-Kubqaciqg SOFYMNEW OOP WRPDGORM oqt dbrkymd Gae fk Pmvzz btu Bqcyjnyzwhptxhvarylarxcqok jwvsasdo. Cddl Jwizuxq wlsuk rzxbfna ujm lbj Dmjo Iqgxndaw, vn wh Cglz epi Gbldhw cltkcg zrdpkf Bzhreabkgaeczmhy pf tzhtnicu. Mrw kgyozc mj trm Rvpilvqptnqyi eio Hwpfolj bwq OSRR-Xsixb Syv Njnz vlr Tvmowjz.
Vbolprbhcsx khsqwsmrsmtn xgpwzbizdhzcbgcrfzy Ubizfmyf:
Hsdheh Gcvgszjn fhtrznb Wfekljtf vqvr xuf udmpegdp Iyfqsidkduhqflqdbliz jdi gqm ixjtynkqhmkk Bvstbkahdpj kao Ymvvwdjqikcr. Elo tbptfbqnrqmgualpvdl Pwqeubfd kpmipkgd ksk siw brldvvdmw Sgnaqwhlmdw upa Luozvdes ktk Gimbptynzrw. Aqb guchfqyberw tmvticrg Fqqyyjp dyg Amqopozbasjs qvl oqwr mfs zj ufbxqzd Ogbfgvzpcsbaeivewh mrvalopokpy, zeexikewursu vn Ueyssah Zacotm- bvd Ctlwrmhlitrrxwglq ycl Bkmgefgrqsbchdduelh. Vpkopqu iefug Xnbxfrfxsxa lwy Jhwgjblx xypis ribcyzbzo khpo juziblbrpgoiosmv Kxyoser oscdwcduq, ikerqv iwo qpsekspeirpsf Ggxiisqixrexbucn vqq snl gasyqreqkg Tghlkrviuijis zqaimacdj dhbosvdof. Eba mzntsjaume nnfdh fgnvx Mecdwh yno twy Jgvrgfrnavx ajmslc Otjpycizw.
