Puma exceeds targets despite a “challenging year”
27/02/2008
German athletic footwear and apparel brand Puma has reported improved financial results for 2007 despite facing economic challenges, and remains positive for the outlook this year.
Currency-adjusted global brand sales grew more than 3% to reach €2.7 billion, while due to the weakness of currencies such as the US dollar, brand sales in euros fell slightly. Footwear sales climbed 1.9% on a comparable basis to reach €1,477.9 million.
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