© Reuters. FILE PHOTO: The logo of German sports goods firm Puma is seen on a shoe after the company’s annual news conference in Herzogenaurach February 20, 2014. REUTERS/Michaela Rehle
BERLIN (Reuters) – German sportswear maker Puma reiterated its full-year operating result outlook on Wednesday, despite uncertainty on the global market, after its operating profit rose by nearly 13% in the third quarter.
The company said its earnings before interest and taxes (EBIT) rose by 12.6% on the year to 258 million euros ($257 million).
“Improved product availability due to a more stable supply chain, better than expected sell-through and Puma’s continued global brand momentum overcompensated all the negative external factors,” said Puma Chief Executive Bjorn Gulden.
($1 = 1.0029 euros)
Be the first to comment