7 months Puma ups 2019 ambitions after strong Q2, Man City deal MB |Biz
By Agence France-Presse German sportswear maker Puma on Wednesday reported rising sales and profits in the second quarter, raising its full-year financial targets after a strong start to a sponsoring deal with Manchester City. (REUTERS / MANILA BULLETIN) Net profits at Puma rose 59.7 percent year-on-year between April and June, to 49.7 million euros ($55.5 million). Sales rose 16.9 percent, to 1.2 billion euros, with Asian markets, especially China, and the Americas the main drivers with double-digit growth of over 20 percent. Puma’s Europe, Middle East and North Africa region grew more slowly, at eight percent. And the company said ... more