GERMANY: Puma Announces Rugby Deal, Q2 Results
Sportswear maker Puma has signed a deal to be the official supplier to teams belonging to the Manu Samoa Rugby Union, and has also reported good second-quarter trading.
The agreement with Manu Sanoa is Puma's first National Rugby Union signing.
The new Puma kit will be debuted at the Northern Hemisphere tour, which is scheduled to commence in November 2005.
Herzogenaurach, Germany-based Puma said that second-quarter net profit totalled €58.9 million compared with €52.3m in the same period last year, while turnover grew 12.3 per cent to €395.5m compared to €352.3m a year ago.
The earnings and sales increases were attributed to sales growth of 55.1 per cent on the US market and strong sales of footwear and accessories, with growth rates of 17 per cent and 23 per cent respectively.
Puma anticipates a 10 per cent rise in turnover for the full 2005 year and a net profit of €264m-€274m.
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