A steady third quarter with rising sales and increasing orders has led sportswear company Puma to raise its full-year revenue guidance.

Net earnings in the three months to 30 September were flat at EUR89m (US$113m), but consolidated sales grew 9.2%, currency adjusted, to EUR712.7m.

Puma brand sales were up 5.9% to EUR778.6m in the quarter, and rose 3.8% to EUR2.15bn in the first nine months of the year.

Accessories and footwear revenues were up, but apparel sales inched down 0.4%.

Third quarter consolidated footwear sales were also up, 13.1% to EUR412.8m, while apparel increased 1.8% and accessories surged 16.7%.

That helped consolidated sales for the first nine months to lift 8.8% to just under EUR2bn, boosted by double-digit increases for apparel and accessories.

Gross profit margins in the third quarter increased 60 basis points to 53.6%, lifting EBIT 1% to EUR125m.

However, brand investments led to EBIT for the first nine months falling 2% to EUR313.2m.

Net earnings for the nine-month period were also down, falling 2.7% to EUR224.7m.

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

"Due to the year-to-date performance and our order books, we raise our sales guidance for our full-year outlook from a single-digit to a mid to high single-digit currency adjusted sales growth."

Puma's future orders were up 4.7% as of September, the company said.