Puma beats expectations

28/04/2006

German sportswear and footwear company Puma AG has posted positive financial results for the first quarter of 2006, with global branded sales increasing more than 15%. Puma’s world-wide branded sales, which include consolidated and licence sales, rose 15.3% to €737 million or currency adjusted by 11.8%. Footwear sales improved 12.5%, apparel by 19.1% and accessories by almost 20%. Consolidated sales grew 29.5% (currency adjusted 25.4%) to €643 million.

Consolidated orders further improved and increased by 35% (currency adjusted 31.3%) to €1,097 million. This represents the 41st consecutive quarter of order increase.