GERMANY: Puma Scores With Surge In Profits
Sportswear giant Puma AG revealed on Thursday its pre-tax profit for 2001 more than doubled and expects double-digit growth in sales and earnings in 2002.
The company said in a statement its pre-tax earnings climbed to 57.4 million euros ($50.13m) thanks to "positive developments" in the fourth quarter and strong growth in US and western European markets.
Net sales surged to 598.1m euros from 462.4m euros in the year-ago period, while earnings per share came in at 2.58 euros against 1.14 euros in the previous year. It added that at the end of December, orders were up 55.2 per cent at 360.1m euros,
The company is sponsoring four teams at this summer's soccer World Cup in Japan and South Korea which it expects will bring a double-digit rise in sales and earnings.
Puma is Germany's second-largest sportswear group after Adidas-Salomon AG which last week revealed 2001 sales rose five per cent to 6.1 billion euros ($5.3bn) and net income rose 15 per cent to 208m euros.
Companies: Puma AG
Textiles and clothing make up Thailand's largest manufacturing industry, with more than 4,500 factories employing over one million people. The sector accounts for approximately 20 per cent of total em...
Sports goods company Puma AG's shareholders Guenter and Daniela Herz has raised their stake in the business to 16.9 per cent from under 5 per cent previously....
Sportswear company Adidas-Salomon AG, which this week announced it was selling its Salomon winter sports goods arm, says it predicts sales and profits to continue to rise during 2006, Dow Jones report...
Knit and apparel maker Fanco says the termination of its supply deal with sportswear giant Adidas will cause a €6.0 million loss in 2005....
Sportswear giant Adidas-Salomon AG has lost out in a feud over whether athletes can wear garments featuring its three-stripe logo at the Olympic Games....
Sports goods giant Adidas-Salomon has decided to sell off its Salomon division to Finnish company Amer Sports for approximately €485 million....
Sportswear major Adidas says that India is on track to overtake Malaysia as its number one Southeast Asian market....
Sports goods manufacturer Puma AG has reported a 14 per cent leap in first-quarter profit but has emphasised that 2005 growth will be the slowest in seven years....
- Fashion fit for the future – strategies for speed
- How PVH is paving the way for connected apparel
- Digitisation to drive new apparel-making models
- Pakistan industry seeks help to kickstart exports
- Under Armour Lighthouse will disrupt production
- US Q3 in brief – Columbia Sportswear, HanesBrands
- Primark sourcing chief Gordon steps down
- Child refugees found in Turkey apparel factories
- Chinese manufacturer invests $20m in US facility
- Managing change in the move to new tech tools
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022
- Apparel (GLOBAL) - Industry Report