Puma resurgence underlined by 2nd quarter results
The company said its pre-tax profits for the 13-week period tripled to Eur24.5 million ($
24 million) from the year-ago period while sales leapt to Eur205.9 million ($126.78 million) from Eur129.3 million ($126.7 million), a growth of 57 %.The company said that the World Cup in Japan and South Korea boosted its results and reaffirmed it expectations of a full year pre-tax profit of more than Eur100 million ($97.9 million) from Eur57 million ($55.8 million), and sees a 40% jump in sales with future orders up 65%.
It added that European sales soared 63.4 % to Eur133.8 million, American sales were up 56.8 % to Eur56.3 million ($55.1), sales in Asia were ahead 8.2 % at Eur10.4 million ($10.2), and Africa and Middle East sales more than tripled to Eur9.5 million ($9.3).
Puma chairman and CEO, Jochen Zeitz, stated: "In a challenging economic environment, we are pleased to have completed the first half of 2002 with a very strong result in the second quarter and we anticipate that 2002 will be another outstanding year for Puma."
