Puma quarterly sales and net earnings grow in Q1

Published by
DPA

Increased sales on the back of improved demand saw German sports equipment manufacturer Puma increase its net earnings to €121.4 million ($128.7 million) or €0.81 per share in the first quarter. This was higher than the net earnings of €109.2 million – or €0.73 per share – a year earlier. Earnings before interest and taxes (EBIT) rose 27% to €196 million from €154.3 million a year ago. Sales for the quarter were €1.912 billion, representing currency-adjusted growth of 19.7% from €1.549 billion last year. Looking forward to 2022, Puma said it expected a currency-adjusted sales growth of at leas…

Read More