Puma quarterly sales and net earnings grow in Q1

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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…

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