Bloomberg News

Puma Reiterates Forecasts as Third-Quarter Profit Tops Estimates

October 25, 2011

Oct. 25 (Bloomberg) -- Puma, Europe’s second-largest sporting-goods maker, reiterated its targets for the year after reporting third-quarter profit that beat estimates.

Net income was little changed at 81.7 million euros, the Herzogenaurach, Germany-based company said today in a statement, exceeding the 76.8 million-euro average estimate of five analysts compiled by Bloomberg. Sales climbed 10 percent excluding currency shifts or 7.3 percent in euro terms.

Puma continues to forecast sales of 3 billion euros for the year and growth of “mid single-digits” in net earnings.

To contact the editor responsible for this story: Paul Jarvis at pjarvis@bloomberg.net


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