German sportswear equipment, apparel, and footwear manufacturer Puma has reported the strongest quarter in the company’s history with the highest gross profit margin ever achieved in a three month period, reaching 52.8% compared with 50.4% last year.

Consolidated sales for the period increased by 17% and figures show a 23% increase for the first nine months of the year.

Net profit reached €85 million ($162.56 million) in the three months from July to September, an increase of 23% from the same period in 2003. Underlying profits increased to €127.6 million a rise of 18.6% year-on-year.

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