Puma's net profit in the third quarter increased by 24.7%

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In the third quarter, Puma, the German manufacturer of sports goods, increased its net profit by 24.7% compared to the same period last year to 77.5 million euros. EBIT for the quarter reached 130 million euros, rising by 28%. Profitability was 49.6%, exceeding the last year figure of 48.1%. Revenue during the earnings period increased by 10.7% to 1 billion 242 million euros. Revenue growth of 6% was recorded in Europe, the Middle East and Africa. In North and South Africa, the increase was 10%, in the Asia-Pacific region – 21.1%. The company increased its quarterly shoe sales by 2.4%, clothing – by 23.2%, accessories – by 8.7%.

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