Lack of major events takes toll at Puma - sportstextiles: Lea SportsTextiles

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Lack of major events takes toll at Puma

31/07/2009

German sportswear firm Puma has posted a decline in sales and income for the first half of 2009 and believes a shortage of major shorting events during the period is the main cause.

First half income fell to EUR176.7 million ($249 million) during the six-month period compared with EUR189.1 million during the same period last year. Comparable sales dropped 3.8% to EUR1.3 billion.

In Europe, Middle East and Africa (EMEA), where Puma makes half of its revenue, sales fell 10%.


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