The chairman of leading German sportswear and footwear company Puma AG on Monday said third quarter orders are in line with its full year sales and profit targets.

Jochen Zeitz told Frankfurter Allgemeine Sonntagszeitung the firm continues to see 2003 pre-tax profit growth of 50 per cent and sales growth of 30 per cent from the previous year.

"We already have the orders for the important third quarter. Thus we have a good basis for a solid forecast," he told the paper.

Earlier this year the Herzogenaurach-based company reported a pre-tax profit of 72.1 million euros ($79.1m) versus a year-ago profit of 33.1 million euros as sales surged more than 50 per cent to 343.2 million euros from 232.8 million euros in 2002.