Performance categories boost Puma sales, though earnings falter

19/02/2016

Sports brand Puma has reported a 14% increase in sales for 2015, reaching €3.4 billion. However, the company’s net earnings fell by more than 40% to €37.1 million. It said the main reasons for the drop in earnings were the high value of the US dollar, plus higher levels than in previous years of operating expenditure, with more money going into...