Sportswear group Puma has posted flat third quarter profit of EUR89.0m (113.9m), but raised its sales guidance for the full-year on strong orders.

However, Puma's sales reached EUR778.6m during the quarter, up 3.3% in euro terms, and management sales guidance for the full-year from single-digit to a mid to high single-digit growth.

Total Selling, General & Administrative Expenses (SG&A) expenses increased by 9.5% in the quarter to EUR249.7m.

Puma said the Europe, Middle East and Africa (EMEA) region had reported currency adjusted growth of 4.2% in the quarter, accounting for 55.0% of consolidated sales. 

Sales in the Americas were up 18.7%, and in the Asia/Pacific region improved by 11.9%.

Total Puma orders as of September increased 5.3% in euro terms, to EUR1.16bn.

Jochen Zeitz, Puma CEO, said: "Despite the very challenging economic situation and sluggish retail environment, Puma was able to post another quarter of sales growth.

"Due to the year to date performance and our order books, we raise our sales guidance for our full-year outlook."

In the year-to-date, net earnings were down by 2.7% to EUR224.7m, but sales rose 8.8% to EUR1,962.9m.

SG&A expenses increased by 8.3% to EUR710.6m after nine months, as lower product development and design expenses failed to offset rising marketing and retail costs.