GERMANY: Puma Lifts 2002 Sales Forecast By 10 Per Cent
The chief executive of German sportswear giant Puma AG, Jochen Zeitz, said on Friday that the company had raised its sales and profit forecasts for fiscal 2002.
Zeitz told the Frankfurter Allgemeine Zeitung newspaper that sales would climb from last year's 598 million euros by 40 per cent instead of its earlier forecast of more than 30 per cent.
"Our business right now is running on all cylinders," he told the paper. "We assume that we will be able to raise earnings over-proportionally to sales."
Companies: Puma AG
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