Puma Q2 2010 gains amidst new market realities

Posted by By Gary Roethenbaugh at 29 July, at 00 : 00 AM Print

German sporting goods and lifestyle brand operator Puma AG has posted a rise in sales and profit for Q2 2010. With a 16.4% year on year gain, net earnings reached €44.8 million versus €38.5 million in the same period last year. The company forecast a strong outlook for the rest of the fiscal year.

Jochen Zeitz, Puma CEO, said, “Puma performed according to plan in the second quarter and we are gearing up for solid growth in the second half of the year based on a strong outlook.

"Given an overall improvement of the global economies as well as our decisive measures taken in the past 18 months to adjust our organisation and processes to the new market realities, we feel ready to re-engage with our long-term expansion plan as of next year.”

www.puma.com

All news