Puma Show Impressive Third-Quarter Financial Figures

PUMA’s have enjoyed positive third-quarter sales with a 10.2 per cent growth to €841.6 million ($1.17bn), impotent driven by a 16.4 per cent growth in sales in Asia/Pacific and Latin America.

The financial report also revealed footwear sales rose seven per cent to €431.1 million ($600.5m), clinic apparel went up 13.8 per cent to €294.7 million ($410.5m) and accessories climbed 13.9 per cent to €115.8 million ($161.2m). While Gross profit margins remained steady at 50 per cent.

Puma enjoyed success in their running category where Usain Bolt’s performances at the World Championships in Daegu and sales of the PUMA Faas range. The women’s fitness category also continued to grow, with strong sales of the PUMA Bodytrain range.

Franz Koch, CEO of PUMA, said: “PUMA posted a very solid sales performance for the fifth consecutive quarter. This underpins our five-year growth strategy, which is already delivering results.

“After a strong performance in the first nine months of this year, we are now approaching our sales target of €3 billion for the full year, and despite continuing cost pressures we maintain our forecast of an improvement in net earnings in mid-single digits.”