Published: 2024-05-09 09:26
Photo of Judita Grigelytė (VŽ).
German sporting goods maker Puma SE reported a modest quarter-quarter drop in net profit in the first quarter from a year earlier, as sales fell 4%.
According to the report, net profit fell 25.5% to 87.3 million. EUR, and the EBIT profit indicator – 9.4% to 159 million. Eur. Sales revenue decreased by 3.9% to 2.1 billion. Eur.
Sales in the EMEA region (Europe, Middle East and Africa) fell by 3.2%, in North America – by 4.6%, and in Asia Pacific – by 4.1%.
Global sales of sports footwear decreased by 2.4%, clothing – 6.1%, accessories – 5.1%.
Puma’s market capitalization has decreased by 6.8% since the beginning of this year to 6.77 billion. Eur.
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Theme “Trade”
