Puma, the group that owns the brands Puma, Tretorn and Cobra Golf, has announced a record profit in the first three months of 2011, of 77.7 million euros, meaning 5.15 euros per share, compared with 72.5 million euros and 4.80 euros per share, recorded in 2010. Revenue rose 13.2%, reaching a value of 773.4 million euros.
The company, headquartered in Herzogenaurach, Germany and other offices in Boston, London and Hong Kong, expects to close the year with revenues of 3 billion euros: "The performance of the first quarter of 2011 was a good start, " said Jochen Zeitz, CEO of the company. "Puma has managed to generate strong sales increases. We can also mitigate the negative impact results because of the disaster in Japan . "
The company, founded in 1948, now owned by the French giant Ppr, distributes its products in 120 countries and has over 9,500 employees.
Source: http://www.fashionunited.it |
