Puma profits leap 51% in ‘02
07/03/2003
As expected, the German sportswear giant, Puma, has turned in a sparkling set of results for the full year 2002, with net earnings more than doubling to Eur124 million or Eur5.44 per share. Sales meanwhile climbed by more than 50% to Eur1.4 billion. Strong sales growth and a higher gross profit margin (to Eur43.6%) as well as decreases in sales costs were cited for the improvement.